中集车辆（集团）股份有限公司 内幕信息知情人登记管理制度 （经 2024 年 6 月 14 日，第二届董事会 2024 年第七次会议审议通过） 第一章 总则 第一条 为进一步规范中集车辆（集团）股份有限公司（以下简称"公司"） 内幕信息管理行为，加强公司内幕信息保密工作，维护公司信息披露的公开、公 平、公正原则，保护广大投资者的合法权益，根据《中华人民共和国公司法》（以 下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《上 市公司信息披露管理办法》《深圳证券交易所创业板股票上市规则》（以下简称 "《股票上市规则》"）、《上市公司监管指引第5号——上市公司内幕信息知情人登 记管理制度》等有关法律法规及《中集车辆（集团）股份有限公司章程》（以下 简称"《公司章程》"）的有关规定，结合公司的实际情况，特制定本制度。 第二条 董事会是公司内幕信息的管理机构，董事会秘书为公司内幕信息保 密工作负责人，信息披露事务管理部门为公司内幕信息的监督、管理、登记、披 露及备案的日常工作部门。 第三条 未经公司董事会或董事会秘书批准同意，公司任何部门和个人不得 自行向外界泄露、报道、传送涉及公司内幕信息 ...

证券代码：301039 证券简称：中集车辆 公告编号：2024-054 3、会议召开的合法、合规性：本次股东大会会议的召开符合上市公司相关 法律、行政法规、部门规章、规范性文件和《公司章程》的有关规定。 4、会议召开时间： 中集车辆（集团）股份有限公司 关于召开 2023 年度股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 中集车辆（集团）股份有限公司（以下简称"公司"或"本公司"）第二届董事 会2024年第三次会议审议通过《关于提请召开2023年度股东大会的议案》，现就 本公司2023年度股东大会（以下简称"本次股东大会"）的有关事项通知如下： 一、召开会议的基本情况 1、本次股东大会届次：本公司2023年度股东大会 2、本次股东大会召集人：本公司董事会 （1）现场会议召开时间：2024 年 6 月 26 日（星期三）下午 14:30 召开 （2）A 股网络投票时间：2024 年 6 月 26 日（星期三）。其中，通过深圳证 券交易所交易系统进行网络投票时间为 2024 年 6 月 26 日（星期三）上午 9:15- 9:25，9:30-11 ...

Financial Performance - The company's operating revenue for Q1 2024 was ¥5,153,013,497.35, a decrease of 21.73% compared to ¥6,583,965,447.49 in the same period last year[3] - Net profit attributable to shareholders for Q1 2024 was ¥264,887,889.44, down 44.76% from ¥479,487,282.59 year-on-year[3] - Basic earnings per share for Q1 2024 were ¥0.13, a decline of 45.83% from ¥0.24 in the same period last year[4] - The weighted average return on equity for Q1 2024 was 1.77%, down 1.94% from 3.71% in the same period last year[4] - The decline in net profit was attributed to a decrease in sales volume of semi-trailers in the North American market, leading to lower gross profit and net profit[6] - Total operating revenue for Q1 2024 was CNY 5,153,013,497.35, a decrease of 21.7% compared to CNY 6,583,965,447.49 in the same period last year[17] - Net profit for Q1 2024 was CNY 269,599,130.14, a decline of 43.0% compared to CNY 472,522,690.69 in Q1 2023[18] - Earnings per share for Q1 2024 were CNY 0.13, down from CNY 0.24 in the same quarter last year[18] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 50.47% to ¥370,955,959.98, compared to ¥748,943,315.18 in the previous year[3] - The total cash flow from operating activities for Q1 2024 is not provided in the available data, indicating a need for further details in future reports[19] - Total cash inflow from operating activities was ¥4,506,346,667.78, down 13.8% from ¥5,229,412,189.32 in the previous year[21] - Cash outflow from operating activities totaled ¥4,135,390,707.80, a decrease of 7.7% compared to ¥4,480,468,874.14 in Q1 2023[21] - The net cash flow from investing activities was -¥70,824,789.40, an improvement from -¥102,519,880.28 in the same period last year[21] - Cash inflow from financing activities was ¥255,626,452.69, an increase of 28.0% compared to ¥199,703,176.90 in Q1 2023[21] - The net cash flow from financing activities was ¥180,791,030.36, compared to a negative cash flow of -¥127,705,107.83 in Q1 2023[21] - The total cash and cash equivalents at the end of Q1 2024 reached ¥6,413,086,609.07, up from ¥5,189,605,311.95 at the end of Q1 2023[21] Assets and Liabilities - Total assets at the end of Q1 2024 increased by 4.26% to ¥24,854,421,944.03 from ¥23,837,827,879.91 at the end of the previous year[4] - Total liabilities as of Q1 2024 amounted to CNY 9,126,556,161.51, an increase from CNY 8,390,734,423.03 in the previous year[16] - Total equity as of Q1 2024 was CNY 15,727,865,782.52, compared to CNY 15,447,093,456.88 in the same period last year[16] Market and Sales Performance - The total sales of various vehicles reached 29,483 units in the reporting period, with domestic sales growing by 6.3% year-on-year and exports increasing by 27.5%[12] - The North American market continues to face supply-demand challenges, while the European market is experiencing a slowdown in demand due to inflation and geopolitical factors[12] - The company reported a 10.1% year-on-year growth in the commercial vehicle market in China, indicating a strong recovery in logistics demand[12] Strategic Initiatives - The company's "Star Chain Plan" strategy has shown significant results, with the Star Chain Lighthouse Pioneer Group's sales increasing by 18.9% and revenue rising by 12.3%[13] - The company plans to accelerate structural reforms in semi-trailer production and focus on breakthrough growth in domestic semi-trailer business in Q2 2024[13] - The company is committed to enhancing its "new quality productivity" to drive high-quality development and resilience[14] Research and Development - Research and development expenses for Q1 2024 were CNY 51,005,878.34, significantly lower than CNY 91,620,973.46 in Q1 2023, indicating a reduction in R&D investment[18]

Financial Performance - CIMC Vehicles reported a revenue increase of 15% year-over-year, reaching RMB 5.2 billion for the fiscal year ending December 31, 2023[8]. - The company achieved a net profit of RMB 800 million, representing a 20% increase compared to the previous year[8]. - The company's operating revenue for 2023 was ¥25,086,577,013.05, a decrease of 6.21% compared to ¥23,620,612,415.36 in 2022[14]. - Operating profit increased significantly to ¥3,264,673,614.58, representing a growth of 121.69% from ¥1,472,638,520.24 in the previous year[14]. - Net profit attributable to shareholders was ¥2,455,670,702.61, marking a 119.66% increase compared to ¥1,117,958,345.49 in 2022[14]. - In 2023, the company achieved a revenue of RMB 25.087 billion and a net profit attributable to shareholders of RMB 2.456 billion, representing a significant year-on-year increase of 119.66%[23]. - The company reported a net profit margin of 9.76%, which is a 5.05% increase compared to 4.71% in the previous year[16]. - The gross profit margin improved to 18.96%, an increase of 5.68% from 13.28% in 2022[16]. - The company sold 139,015 vehicles globally during the reporting period, maintaining stable sales volume[40]. Investment and R&D - The company is investing RMB 200 million in R&D for new product development, focusing on electric and autonomous vehicles[8]. - The company has over 600 R&D personnel and more than 1,400 registered patents, highlighting its significant technological innovation capabilities[55]. - Research and development expenses grew by 29.76% to ¥396,517,482.31, indicating a focus on innovation and product development[69]. - The company is actively developing innovative products such as pure electric mining trucks and charging and swapping concrete mixers to capture opportunities in the new energy market[55]. - The company has established a digital supply chain center with over 1,000 registered suppliers, enhancing procurement efficiency and cost reduction[52]. Market Expansion and Strategy - CIMC Vehicles plans to expand its market presence in Southeast Asia, targeting a 30% market share by 2025[8]. - The company aims to implement the "Star Chain Plan" to enhance production efficiency and achieve significant sales and profit growth[118]. - The company is focusing on high-quality development and innovation in the new energy specialized vehicle market, producing electric heavy-duty trucks and other innovative products[35]. - The company has identified the challenges of the "BANI" era and aims to enhance resilience and agility in its operations[27]. - The company aims to enhance its capabilities in dual-hitch vehicle product development and standard-setting, providing larger capacity transport solutions[70]. Financial Management and Position - The company's total assets reached ¥23,837,827,879.91, reflecting a year-on-year increase of 7.29% from ¥22,217,230,064.00[14]. - The company's total liabilities decreased by 5.26% to ¥8,390,734,423.03 from ¥8,856,749,164.71 in 2022[14]. - The cash flow from operating activities was ¥1,790,203,646.24, an increase of 55.14% compared to ¥1,153,907,516.02 in 2022[16]. - The company’s financial strategy includes maintaining liquidity and reducing debt levels to strengthen its financial position[150]. - The current ratio improved to approximately 2.1 times as of December 31, 2023, compared to 1.8 times in 2022, indicating better short-term financial health[154]. Corporate Governance and Compliance - The company will appoint KPMG as its new auditor for the financial year ending December 31, 2023, following the resignation of PwC[193]. - The company is currently under investigation by the U.S. Customs and Border Protection regarding anti-dumping duties, with the outcome expected by April 18, 2024[136]. - The company has not engaged in any major litigation or arbitration during the reporting period[191]. - The company emphasizes the importance of understanding the risks associated with forward-looking statements in the annual report[2]. Environmental and Social Responsibility - The company has implemented strict environmental protection measures and has not violated any significant environmental laws or regulations as of the report date[171]. - The company is focused on low-carbon, green manufacturing practices, aiming to enhance its high-end manufacturing system through automation and digitalization[141]. Future Outlook - The company aims to achieve significant growth in the semi-trailer business through the "Starlink Plan" from 2023 to 2025, targeting high revenue and production efficiency[128]. - The global economic growth rate forecast for 2024 by the International Monetary Fund is 3.1%, indicating a path towards economic soft landing amid inflation easing[112]. - The Chinese semi-trailer market is projected to maintain strong growth due to ongoing infrastructure development and rising consumer spending[113].

Financial Performance - The company's operating revenue for the year ended December 31, 2023, was CNY 25,086,577,013.05, representing a 6.21% increase compared to CNY 23,620,612,415.36 in 2022[7]. - The net profit attributable to shareholders for the year was CNY 2,455,670,702.61, reflecting a 119.66% increase from CNY 1,117,958,345.49 in the previous year[8]. - The operating profit for 2023 was CNY 3,264,673,614.58, which is a significant increase of 121.69% compared to CNY 1,472,638,520.24 in 2022[8]. - The pre-tax profit for the year was CNY 3,260,764,615.46, up 121.10% from CNY 1,474,779,017.88 in the prior year[8]. - The company reported a net profit of CNY 2,447,760,943.76 for 2023, which is a 119.80% increase from CNY 1,113,607,065.25 in 2022[8]. - The income tax expense for the year was CNY 813,003,671.70, representing a 125.10% increase compared to CNY 361,171,952.63 in the previous year[8]. - Basic and diluted earnings per share increased by 121.82% to ¥1.22 in 2023 from ¥0.55 in 2022[11]. - The total comprehensive income for 2023 was RMB 2,697,413,059.31, significantly higher than RMB 1,314,508,506.26 in 2022[155]. Assets and Liabilities - Total current assets increased by 12.60% to ¥16,521,521,170.98 in 2023 from ¥14,673,352,881.19 in 2022[9]. - Total assets grew by 7.29% to ¥23,837,827,879.91 in 2023 from ¥22,217,230,064.00 in 2022[9]. - Total liabilities decreased by 5.26% to ¥8,390,734,423.03 in 2023 from ¥8,856,749,164.71 in 2022[9]. - The total equity attributable to shareholders increased by 16.61% to ¥14,808,858,146.86 in 2023 from ¥12,699,782,738.40 in 2022[9]. - The company's debt-to-equity ratio decreased to 4.1% from 7.6% as of December 31, 2022, primarily due to a reduction in total debt[139]. Cash Flow - Net cash flow from operating activities rose by 55.14% to ¥1,790,203,646.24 in 2023 compared to ¥1,153,907,516.02 in 2022[10]. - The net cash flow from operating activities for 2023 was negative at RMB (229,416,293.59), compared to a negative RMB (60,327,499.77) in 2022, indicating a significant decline in operational cash generation[159]. - The net cash flow from financing activities was negative at RMB (477,696,365.47) in 2023, contrasting with a positive RMB 217,995,830.82 in 2022, highlighting a shift in financing strategy[160]. - The net increase in cash and cash equivalents was ¥1,211,234,703.47, a significant increase of 10,290.29% compared to the previous year[84]. Shareholder Information - The company has no plans to distribute cash dividends or issue bonus shares for the 2023 fiscal year[2]. - The total number of shareholders at the end of the reporting period was 39,892, with 42,158 shareholders reported in the previous month[18]. - The company distributed RMB 605,280,000.00 to shareholders in 2023, compared to RMB 403,520,000.00 in 2022, indicating an increase of approximately 50% in shareholder distributions[165]. Market and Industry Insights - In 2023, China's GDP reached RMB 126.1 trillion, with a year-on-year growth of 5.2%[37]. - The total logistics volume in China reached RMB 352.4 trillion in 2023, also reflecting a year-on-year growth of 5.2%[38]. - The demand for semi-trailers in China is expected to increase, supported by an 8.7% year-on-year rise in road freight volume, which reached 4.034 billion tons in 2023[38]. - The company is the world's leading manufacturer of semi-trailers, ranked first in the Global Trailer's 2023 OEM rankings, maintaining this position for eleven consecutive years[41]. Research and Development - Research and development expenses for 2023 amounted to ¥396,517,482.31, representing 1.58% of operating revenue[82]. - The company has over 600 R&D personnel and more than 1,400 registered patents, indicating a strong commitment to innovation[67]. - The company is actively developing new energy products, including electric dump trucks and electric wide-body mining vehicles[59]. Risk Management - The company emphasizes the importance of understanding the risks associated with forward-looking statements regarding future development plans[2]. - The company manages foreign exchange risks through forward foreign exchange contracts, but remains exposed to potential currency fluctuations[131]. - The company is navigating international trade friction risks, particularly concerning an EAPA investigation related to its operations in North America[129]. Strategic Initiatives - The company has initiated its "Starlink Plan" to enhance production capabilities and adapt to the challenges of transitioning from high-speed growth to high-quality growth, focusing on resilience and quality over the next decade[113]. - The company plans to enhance its governance structure and executive team through the "Beidou Star Plan" as part of its strategic initiatives[71]. - The company is implementing low-carbon and green manufacturing practices, leveraging its "Lighthouse Manufacturing Network" for high-end manufacturing systems[133].

Financial Performance - The company's operating revenue for Q3 2023 was approximately ¥6.10 billion, a decrease of 1.80% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2023 reached approximately ¥380.77 million, an increase of 29.07% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥368.31 million, up 18.15% from the previous year[3]. - The basic earnings per share for Q3 2023 was ¥0.19, reflecting a growth of 26.67% compared to the same period last year[3]. - The company reported a substantial increase in net profit for the year-to-date period, reaching approximately ¥2.28 billion, a growth of 244.64% compared to the same period last year, driven by overseas market opportunities in the semi-trailer business[8]. - The net profit attributable to shareholders for the same period reached RMB 2,277.30 million, a significant increase of 244.64% year-on-year[15]. - The net profit after deducting non-recurring gains and losses was RMB 1,403.77 million, reflecting a substantial growth of 112.59% year-on-year[15]. - The company's net profit for the first nine months of 2023 is not explicitly stated but can be inferred from the total costs of ¥17,608,801,879.64, which increased from ¥16,530,820,729.72 in 2022[19]. - The net profit for Q3 2023 reached CNY 2,270,652,823.76, a significant increase from CNY 664,924,167.60 in Q3 2022, representing a growth of approximately 242%[20]. Assets and Liabilities - The total assets of the company at the end of Q3 2023 amounted to approximately ¥24.25 billion, representing a year-on-year increase of 9.13%[4]. - The equity attributable to shareholders at the end of Q3 2023 was approximately ¥14.64 billion, an increase of 15.31% from the end of the previous year[4]. - Total assets as of September 30, 2023, amounted to ¥24,246,336,585.99, up from ¥22,217,230,064.00 at the end of 2022, reflecting a growth of 9.2%[19]. - Total liabilities as of September 30, 2023, were ¥8,972,407,720.30, compared to ¥8,856,749,164.71 at the end of 2022, indicating a rise of 1.3%[19]. - The company's equity attributable to shareholders increased to ¥14,644,159,487.31 from ¥12,699,782,738.40, representing a growth of 15.3%[19]. - Short-term borrowings decreased significantly to ¥252,669,332.79 from ¥467,995,600.44, a reduction of 46.0%[19]. Cash Flow - The net cash flow from operating activities for the year-to-date period reached approximately ¥1.28 billion, a significant increase of 119.05% year-on-year[3]. - The net cash flow from operating activities for Q3 2023 was approximately ¥1.28 billion, a significant increase from ¥582.92 million in Q3 2022, representing a growth of 119%[23]. - The total cash outflow from operating activities was approximately ¥16.26 billion, slightly down from ¥16.47 billion in the same period last year[23]. - The net cash flow from investing activities was approximately ¥417.15 million, a recovery from a negative cash flow of ¥332.20 million in Q3 2022[23]. - Cash inflow from investment activities totaled approximately ¥806.65 million, compared to ¥236.80 million in Q3 2022, indicating a growth of 240%[23]. - The net cash flow from financing activities was negative at approximately ¥828.28 million, slightly worse than the negative cash flow of ¥798.57 million in Q3 2022[23]. - The total cash and cash equivalents at the end of Q3 2023 reached approximately ¥5.59 billion, up from ¥4.18 billion at the end of Q3 2022, marking an increase of 34%[23]. Operational Highlights - The company sold a total of 116,273 units of various vehicles, maintaining its position as the global leader in semi-trailer sales for eleven consecutive years[15]. - The company is advancing its "Starlink Plan" and has completed the first phase of its domestic semi-trailer business restructuring[15]. - The North American semi-trailer market is gradually stabilizing, with the company capturing market opportunities and achieving profit growth year-on-year[15]. - The company is focusing on the commercialization of new energy semi-trailers and enhancing traditional fuel solutions[16]. - The company is committed to building a "national unified commercial vehicle and special vehicle market" and developing a "lighthouse manufacturing network" for stable growth across its six business groups[16]. - The company is experiencing strong business growth in both the European and emerging markets, with improved profitability year-on-year[15]. Research and Development - Research and development expenses for Q3 2023 amounted to CNY 266,966,320.78, up from CNY 226,211,103.55 in Q3 2022, reflecting a growth of approximately 18%[20].

Financial Performance - The company's operating revenue for the reporting period was ¥13,469,630,221.58, representing a 20.31% increase compared to ¥11,195,842,138.07 in the same period last year[37]. - Net profit attributable to shareholders of the parent company reached ¥1,896,532,237.44, a significant increase of 418.52% from ¥365,758,163.71 in the previous year[37]. - The net cash flow from operating activities was ¥1,245,480,784.93, showing a remarkable growth of 502.33% compared to ¥206,778,405.88 in the same period last year[37]. - Basic and diluted earnings per share were both ¥0.94, reflecting a 422.22% increase from ¥0.18 in the previous year[37]. - The total assets at the end of the reporting period amounted to ¥25,383,133,686.14, which is a 14.25% increase from ¥22,217,230,064.00 at the end of the previous year[37]. - The company reported a total of ¥861,066,664.35 in non-recurring gains and losses for the reporting period[40]. - The company's financial performance indicators reflect a stable growth trajectory, indicating resilience in its business model[36]. Strategic Initiatives - The company is focusing on the development of "lighthouse" factories that integrate automation and digital technologies to enhance production efficiency[21]. - The company is committed to promoting digital design models as part of its engineering initiatives[19]. - The company is actively exploring market expansion opportunities and potential mergers and acquisitions[6]. - The company is focused on expanding its market presence through strategic partnerships and investments in new technologies[25]. - The company is actively involved in research and development of new products to meet market demands and enhance competitiveness[25]. - The company is recognized as the world's leading manufacturer of semi-trailers, maintaining the top position in the global trailer OEM ranking for ten consecutive years[42]. - The company is actively implementing the "Star Chain Plan" to promote structural reforms in semi-trailer production and enhance market share and value[43]. - The company aims to leverage the "Star Link Plan" to reform its production organization structure in response to the new development landscape[50]. Environmental Responsibility - The report highlights the importance of adhering to environmental and social responsibilities in its operations[10]. - The company strictly adheres to various environmental protection laws and standards, including the Air Pollution Prevention and Control Law and the Water Pollution Prevention and Control Law[188]. - The company has established an environmental management system in compliance with ISO 14001 standards to ensure environmental management meets international standards[189]. - The company has implemented measures to monitor and control emissions, ensuring compliance with industry environmental protection standards[189]. - The company is committed to low-carbon, green manufacturing practices, integrating automation and digitalization in production processes[127]. - The company is actively monitoring and managing emissions to ensure compliance with environmental standards and regulations[192][193]. Investment and Funding - The company plans not to distribute cash dividends or bonus shares for the mid-2023 period[6]. - The company’s equity financing through A-shares raised a total of RMB 175,809,600, with a net amount of RMB 158,377,680 after deducting issuance costs[90]. - The company has adjusted its fundraising project plans, with a total of RMB 79,500 million committed to investment projects, of which RMB 65,203.03 million has been invested to date, achieving a progress rate of 82%[95]. - The company reported a significant foreign currency translation impact on its investment properties and financial liabilities, affecting overall financial performance[88]. Market Trends and Economic Outlook - In the first half of 2023, China's GDP reached RMB 59.3 trillion, reflecting a year-on-year growth of 5.5%[49]. - The total logistics volume in China reached RMB 160.6 trillion in the first half of 2023, with a year-on-year increase of 4.8%[50]. - The production of semi-trailers in the U.S. reached 204,000 units in the first half of 2023, marking a year-on-year growth of 10.9%[51]. - The company is focusing on high-quality development and structural reforms in the commercial vehicle industry amid a complex economic environment[49]. - The global economic outlook for the second half of 2023 remains uncertain, with risks such as inflation, high interest rates, and geopolitical conflicts potentially impacting economic momentum[128]. Employee and Management Practices - The company maintained a "people-oriented" talent strategy, focusing on employee training and development through various programs to enhance professional skills and leadership capabilities[179]. - The total employee compensation expense for the reporting period was RMB 1,312.6 million, up from RMB 1,158.9 million in the previous year, indicating a year-over-year increase of approximately 13.2%[178]. - The company has not experienced any significant events after the reporting period that would require disclosure[180]. - There were no changes in the company's directors, supervisors, or senior management personnel during the reporting period[183]. Research and Development - The company has over 600 R&D personnel and holds more than 1,400 registered patents as of June 30, 2023[72]. - The company is actively researching and developing new energy products characterized by environmental friendliness and intelligence[56]. - The company aims to enhance the competitiveness of its next-generation products through digital transformation and R&D innovation[98]. - The company is exploring new product and business opportunities in Europe, focusing on cost reduction and efficiency improvement strategies[156].

Financial Performance - The company's operating revenue for the first half of 2023 was RMB 13,469,630,221.58, representing a 20.31% increase compared to RMB 11,195,842,138.07 in the same period last year[13]. - Net profit attributable to shareholders for the same period was RMB 1,896,532,237.44, a significant increase of 418.52% from RMB 365,758,163.71 year-on-year[13]. - The basic earnings per share rose to RMB 0.94, up 422.22% from RMB 0.18 in the previous year[13]. - The total assets of the company at the end of the reporting period reached RMB 25,383,133,686.14, marking a 14.25% increase from RMB 22,217,230,064.00 at the end of the previous year[13]. - The net assets attributable to shareholders increased by 12.38% to RMB 14,271,477,107.31 from RMB 12,699,782,738.40 year-on-year[13]. - The net cash flow from operating activities was RMB 1,245,480,784.93, reflecting a 502.33% increase compared to RMB 206,778,405.88 in the same period last year[13]. - The weighted average return on equity improved to 13.86%, up from 3.08% in the previous year, indicating enhanced profitability[13]. Business Operations and Strategy - The company has made significant advancements in automated flexible production lines, addressing challenges such as outdated production equipment and rising labor costs[6]. - Future strategies include market expansion and the development of new products and technologies to enhance competitiveness[6]. - The company continues to focus on local procurement and manufacturing to optimize operational efficiency and reduce costs[6]. - The company is focusing on the development of new energy vehicles, including electric and autonomous models, to capture market opportunities in the new energy sector[20]. - The company aims to achieve sustainable growth through innovation-driven strategies and structural reforms in response to the new development stage of the Chinese economy[21]. - The company is actively pursuing market expansion and innovation in the specialized vehicle sector, particularly in urban logistics and cold chain solutions[20]. Market Position and Competitiveness - The company is the world's leading manufacturer of semi-trailers, ranked first in the Global Trailer's 2022 OEM rankings, maintaining this position for ten consecutive years[18]. - The company operates six major business groups, covering over 40 countries and regions, with 23 "lighthouse" factories globally[18]. - The company has established the "Lighthouse Manufacturing Network" to enhance production efficiency and market responsiveness[19]. - The company has formed partnerships with major clients such as SF Express and JD Logistics in the domestic market, and JB Hunt and Star Leasing in the overseas market[21]. - The company has a strong market presence in the concrete mixer truck segment, maintaining the top sales position in China for six consecutive years[20]. - The company’s market share in the domestic semi-trailer market remained the highest, supported by the "Starlink Plan"[33]. Environmental Compliance and Sustainability - The company complies with various environmental protection laws and standards, including the Air Pollution Prevention and Control Law and the Water Pollution Prevention and Control Law[151]. - The company has established an environmental management system in accordance with ISO 14001 standards to ensure compliance with international standards[152]. - The total emissions of particulate matter for the reporting period were 0.9486 tons, which is below the annual limit of 5.9420 tons[153]. - The company is classified as a key pollutant discharge unit by environmental protection authorities[154]. - The company reported a total discharge of 495.5 mg/L for chemical oxygen demand (COD), exceeding the regulatory limit of 103.8420 mg/L by 25.4749 times[156]. - The company has achieved zero discharge of heavy metals through its wastewater treatment processes[165]. - The company has implemented a rooftop photovoltaic project across 8 subsidiaries, generating over 7.4 million kWh of solar power and reducing carbon emissions by nearly 5,000 tons in the first half of 2023[173]. Research and Development - The company has over 600 R&D personnel and more than 1,400 registered patents, focusing on innovation in the new energy vehicle sector[44]. - The company is actively developing new energy products and integrating production capabilities to capture market opportunities[28]. - The company emphasizes the importance of R&D and innovation to maintain market leadership, continuously improving product performance and functionality to meet diverse customer needs[93]. - The company is focusing on lightweight and electric-driven technologies for its new product development in response to market demands[67]. Financial Management and Investments - The company reported a government subsidy of 22,018,243.30 CNY related to its normal business operations[16]. - The company’s investment income amounted to ¥1,110,032,442.56, contributing 44.64% to total profit, primarily from the sale of equity in Shenzhen Special Vehicles[52]. - The company’s total borrowings as of June 30, 2023, amounted to RMB 730.9 million, down from RMB 881.8 million on December 31, 2022[127]. - The company has provided guarantees for financing related to customer purchases, with an actual guarantee amount of RMB 15.61 million during the reporting period[189]. Shareholder and Corporate Governance - The company reported a profit distribution plan for the first half of 2023, stating no cash dividends, stock bonuses, or capital reserve transfers to share capital[2]. - The financial report ensures the accuracy and completeness of the financial statements, with all board members present for the meeting[2]. - The management team is focused on high-quality development, with a strategic restructuring to support the third entrepreneurial phase and cultivate talent[48]. - The company held three shareholder meetings during the reporting period, with participation rates of 69.32%, 67.97%, and 66.25% respectively[145]. Risk Management - The company emphasizes the importance of understanding the risks associated with forward-looking statements in the report[2]. - The company is focused on technological innovation and compliance to mitigate risks associated with macroeconomic fluctuations and industry cycles[88]. - The company has established stable relationships with key suppliers to manage risks related to raw material shortages and price volatility[89].

Financial Performance - The company's operating revenue for the six months ended June 30, 2023, was CNY 13,469,630,221.58, representing a 20.31% increase compared to CNY 11,195,842,138.07 in the same period last year[8]. - Net profit attributable to shareholders for the same period was CNY 1,896,532,237.44, a significant increase of 418.52% from CNY 365,758,163.71 year-on-year[8]. - The net cash flow from operating activities reached CNY 1,245,480,784.93, marking a 502.33% increase compared to CNY 206,778,405.88 in the previous year[8]. - Basic and diluted earnings per share were both CNY 0.94, up 422.22% from CNY 0.18 in the same period last year[8]. - The gross profit margin improved to 19.34% during the reporting period, benefiting from stabilized raw material prices and optimized product structure[39]. - The company reported a significant increase in commercial vehicle exports, reaching 361,000 units in the first half of 2023, a year-on-year growth of 31.9%[33]. - The company's net profit for the reporting period reached RMB 1,035.47 million, a significant increase of 197.05% year-on-year[38]. Assets and Liabilities - Total assets as of June 30, 2023, amounted to CNY 25,383,133,686.14, reflecting a 14.25% increase from CNY 22,217,230,064.00 at the end of the previous year[8]. - Net assets attributable to shareholders increased to CNY 14,271,477,107.31, a rise of 12.38% from CNY 12,699,782,738.40 at the end of the last year[8]. - The total liabilities increased to RMB 2,559,118,474.50 as of June 30, 2023, compared to RMB 1,819,026,668.26 at the end of 2022, representing a rise of 40.6%[152]. - The company's total borrowings decreased to RMB 730.9 million as of June 30, 2023, down from RMB 881.8 million as of December 31, 2022[129]. - The debt-to-equity ratio improved to 4.9% as of June 30, 2023, compared to 7.6% at the end of 2022, indicating a reduction in total debt[133]. Shareholder Information - The total number of shareholders at the end of the reporting period was 29,719, with 36.10% of shares held by China International Marine Containers (Group) Co., Ltd. totaling 728,443,475 shares[13]. - The report confirms that there were no repurchase agreements among the top 10 shareholders during the reporting period[16]. - The beneficial ownership of H shares by Ping An Group is 73.98%, which reflects a significant stake in the company[17]. Business Operations and Market Position - The company is the world's leading manufacturer of semi-trailers, ranked first in the global semi-trailer OEM rankings for ten consecutive years[22]. - The company operates six major business groups, covering four major markets and over 40 countries and regions, with 23 "lighthouse" factories globally[22]. - The company has maintained the number one market share in the domestic semi-trailer market for four consecutive years as of 2022[24]. - The North American business focuses on refrigerated semi-trailers and box semi-trailers, recognized by major customers in the region[24]. - The European business operates under the "SDC" and "LAG" brands, with SDC leading the UK market and LAG being a well-established brand in Europe[24]. Research and Development - Research and development investment increased by 16.29% to ¥169,673,482.64, compared to ¥145,901,201.60 in the previous year, reflecting the company's commitment to innovation[58]. - The company has over 600 R&D personnel and more than 1,400 registered patents, indicating a strong commitment to innovation and technology development[52]. - The company is actively exploring innovative business models in the new energy vehicle sector, including electric mining trucks and autonomous driving vehicles[25]. Strategic Initiatives - The company is implementing the "Starlink Plan" to promote structural reforms in semi-trailer production in China[23]. - The "Starlink Plan" targets three semi-trailer products and integrates procurement, production, distribution, and sales resources from seven domestic factories, aiming to reduce costs and enhance price competitiveness while shortening delivery cycles[103]. - The company is focusing on digital upgrades of core product modules to enhance competitiveness in response to global supply chain challenges and technological advancements[73]. Economic Context - In the first half of 2023, China's GDP reached RMB 59.3 trillion, reflecting a year-on-year growth of 5.5%[29]. - The logistics volume in China reached RMB 160.6 trillion in the first half of 2023, with a year-on-year increase of 4.8%[31]. - The North American semi-trailer market is facing challenges due to economic downturns and declining logistics demand[96]. Cash Management and Investments - The net increase in cash and cash equivalents was ¥1,374,648,284.55, a significant rise of 535.93% from a decrease of ¥315,335,706.69 in the previous year[58]. - The company has a cash management balance of RMB 874.93 million as of June 30, 2023, which is within the approved limits for cash management[78]. - The company reported cash inflows from investment activities totaling RMB 554,359,031, compared to RMB 34,350,780 in the first half of 2022, indicating a substantial increase[159]. Challenges and Risks - The company faced various risk factors, which are detailed in the management discussion and analysis section of the report[2]. - The macroeconomic downturn has led to a decline in sales of products such as dump trucks and concrete mixers, impacting the progress of the core module digital upgrade project for special vehicles[70]. - The company is closely monitoring regulatory dynamics in its operating locations to adjust its business strategies accordingly[87].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 6,583,965,447.49, representing a 28.29% increase compared to CNY 5,132,293,533.68 in the same period last year[3] - Net profit attributable to shareholders for Q1 2023 reached CNY 479,487,282.59, a significant increase of 285.25% from CNY 124,462,498.41 in the previous year[3] - Basic and diluted earnings per share for Q1 2023 were both CNY 0.24, marking a 300.00% increase from CNY 0.06 in the previous year[3] - The company reported a net profit excluding non-recurring gains and losses of CNY 478,841,575.44, which is a 361.57% increase from CNY 103,741,908.80 in the previous year[3] - Net profit for Q1 2023 was RMB 472,522,690.69, compared to RMB 128,829,413.67 in Q1 2022, representing a significant increase of 267.5%[19] - The company reported a total comprehensive income of RMB 420,424,099.10 for Q1 2023, significantly higher than RMB 95,742,907.20 in Q1 2022[19] Cash Flow and Assets - The net cash flow from operating activities improved to CNY 748,943,315.18, a 259.00% increase from a negative cash flow of CNY -471,024,997.03 in the same period last year[3] - The company's cash and cash equivalents increased to RMB 5,340.80 million from RMB 4,850.53 million at the beginning of the year[15] - The company's cash and cash equivalents at the end of Q1 2023 amounted to RMB 5,189,605,311.95, up from RMB 4,098,830,046.36 at the end of Q1 2022, indicating a 26.7% increase[21] - Total assets at the end of Q1 2023 were CNY 23,011,188,624.32, up 3.57% from CNY 22,217,230,064.00 at the end of the previous year[4] - Total liabilities increased to RMB 9,229,250,464.94 in Q1 2023, compared to RMB 8,856,749,164.71 in Q1 2022, marking a growth of 4.2%[20] Shareholder Information - Shareholders' equity attributable to the parent company increased to CNY 13,127,157,044.23, a rise of 3.37% from CNY 12,699,782,738.40 at the end of the previous year[4] - The total number of ordinary shareholders at the end of the reporting period was 31,643, with the largest shareholder holding 36.10% of the shares[8] Business Operations - The company sold a total of 36,386 vehicles, representing a year-on-year growth of 9.57%[12] - The North American business maintained good growth, with both revenue and gross margin increasing year-on-year[12] - The "Lighthouse Pioneer" business saw a gross margin increase of 5.0 percentage points due to structural reforms and market opportunities[12] - The company plans to accelerate the construction of a new sales network in North America and explore growth opportunities in Europe[13] - The company is focusing on innovation in the new energy sector, enhancing product competitiveness in lightweight and intelligent features[13] - The company is implementing the "Lighthouse Manufacturing Network 2023" strategy to improve production efficiency and reduce costs[13] Research and Development - Research and development expenses increased to RMB 91,620,973.46 in Q1 2023, up from RMB 68,931,323.19 in Q1 2022, reflecting a 32.8% rise[19] Profitability Metrics - The weighted average return on equity for Q1 2023 was 3.71%, an increase of 2.65 percentage points from 1.06% in the same period last year[3] - The gross profit margin improved to 10.1% in Q1 2023, compared to 6.5% in Q1 2022, reflecting enhanced operational efficiency[17] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[19] Audit Status - The Q1 2023 report of CIMC Vehicles (Group) Co., Ltd. has not been audited[22]