Financial Performance - Total revenue for 2023 reached RMB 800.70 million, an increase of 8.48% year-on-year[2] - Net loss attributable to shareholders for 2023 was RMB 243.20 million, compared to a net loss of RMB 166.73 million in the same period last year[2] - Basic loss per share for 2023 was RMB 1.48, compared to RMB 1.19 in the previous year[2] - The company reported a net loss of RMB 300,077,038.04 for the year, compared to a net loss of RMB 195,128,044.54 in 2022, reflecting a deterioration in financial performance[6] - Basic and diluted earnings per share for the year were both RMB (1.48), compared to RMB (1.19) in the previous year[7] - Other comprehensive income attributable to shareholders was RMB 18,708,500.00, significantly higher than RMB 2,210,000.00 in 2022, indicating improved performance in this area[7] Assets and Liabilities - Total current assets as of December 31, 2023, amounted to RMB 3,341.04 million, up from RMB 2,261.03 million a year earlier[3] - Total assets as of December 31, 2023, were RMB 4,945.72 million, compared to RMB 3,783.96 million in the previous year[4] - Total liabilities as of December 31, 2023, were RMB 1,538.58 million, an increase from RMB 1,040.04 million in the previous year[4] - Total equity attributable to shareholders was RMB 3,044.85 million, compared to RMB 2,342.10 million a year earlier[4] - The company reported a deferred tax asset of $135,525,491.45 as of December 31, 2023, an increase from $130,545,747.97 prior to adjustments[14] - The total liabilities increased to $30,248,893.97 for deferred tax liabilities as of December 31, 2023, from $24,631,301.24 before adjustments[14] Operational Highlights - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[2] - The company plans to expand its market presence and enhance its product offerings in the fuel cell systems sector, focusing on commercial vehicles[8] - The company has been actively involved in the development of new technologies and products to strengthen its competitive position in the market[8] - The company aims to strategically expand its customer base and regional coverage to increase market share, focusing on commercial vehicle applications[35] - The company is enhancing and strengthening its supply chain to ensure stability and improve product quality while reducing raw material costs[36] Research and Development - Research and development expenses amounted to RMB 140,907,189.33, up from RMB 101,264,578.71 in 2022, reflecting the company's commitment to innovation[6] - The company plans to deepen R&D on fuel cell systems and core components, focusing on improving performance under harsh conditions and enhancing energy conversion efficiency[33] - The company intends to explore overseas R&D layouts and develop core components such as fuel cell stacks[33] Market and Product Development - The company’s fuel cell vehicles accounted for 20.22% of the 1,548 vehicles equipped with its products out of a total of 7,654 newly added fuel cell vehicles in 2023[30] - The company plans to expand fuel cell stack production capacity to meet growing market demand and achieve economies of scale[34] - The company intends to increase brand awareness and promote the application of fuel cell systems through various marketing channels and industry events[37] Corporate Actions - The company successfully listed on the Hong Kong Stock Exchange, raising HKD 1.022 billion, which will support its operational development and internationalization[31] - The company established a wholly-owned subsidiary, Guangdong Yihua Tong Technology Co., Ltd., to enhance its business development in Guangdong's fuel cell demonstration city cluster[31] - The company established several subsidiaries in 2023, including Hebei Guochuang Hydrogen Energy Technology Co., Ltd. and Guangdong Yihua Tong Technology Co., Ltd.[38] - The company's registered capital increased to 165,465,772 shares following a capital reserve capitalization, including 139,847,942 A-shares and 25,617,830 H-shares[42] - The company issued H-shares at HKD 60 per share, selling a total of 17,628,000 shares and an overallotment of 670,450 shares, resulting in net proceeds of approximately HKD 1,022 million after deducting underwriting fees and other expenses[43] Future Outlook - The company aims to contribute to China's "carbon peak and carbon neutrality" goals by leveraging advanced hydrogen fuel cell technology[32] - The financial statements were prepared based on the assumption of going concern, indicating no significant doubts about the company's ability to continue operations[9] - The company plans to implement the new accounting standards effective January 1, 2024, with no significant impact on its financial statements[16] - The board has not declared a final dividend for the year ending December 31, 2023, and will consider a proposal for a final dividend at a board meeting in April 2024[44] Cash Flow - The net cash outflow from operating activities was RMB 560.64 million, an increase of RMB 228.53 million year-on-year, primarily due to increased R&D investments and expansion of application scenarios[28]

Financial Performance - Total revenue for the third quarter was RMB 139,837,465.60, representing a decrease of 24.90% compared to the same period last year[3]. - Basic earnings per share for the reporting period was RMB 0.51, while diluted earnings per share was -0.51[3]. - Total revenue for the first three quarters of 2023 was CNY 293,356,721.02, a decrease of 25% compared to CNY 390,607,382.30 in the same period of 2022[26]. - The company reported a net loss of CNY 283,191,337.61 for the first three quarters of 2023, compared to a loss of CNY 146,614,221.99 in the same period of 2022[27]. - The net profit attributable to shareholders for the first three quarters of 2023 was -193,048,512.35 RMB, compared to -94,604,209.98 RMB in the same period of 2022, representing a 104.7% increase in losses year-over-year[28]. - The total comprehensive income for the first three quarters of 2023 was -243,504,289.69 RMB, compared to -122,405,248.81 RMB in the same period of 2022, indicating a 99.0% increase in losses year-over-year[30]. - The basic and diluted earnings per share for the first three quarters of 2023 were both -1.18 RMB, compared to -0.68 RMB in the same period of 2022, reflecting a 73.5% increase in losses per share[30]. Assets and Liabilities - Total assets at the end of the reporting period amounted to RMB 4,713,710,153.60, reflecting an increase of 24.57% from the end of the previous year[4]. - Current assets totaled RMB 3.11 billion, up from RMB 2.26 billion, marking a significant increase of about 37.5%[22]. - Total liabilities increased to CNY 1,287,276,928.51 as of September 30, 2023, compared to CNY 1,040,039,059.76 at the end of 2022[24]. - The company's total equity rose to CNY 3,426,433,225.09 as of September 30, 2023, up from CNY 2,743,917,247.49 at the end of 2022[25]. - The company’s long-term equity investments increased to RMB 349.57 million from RMB 333.85 million, showing a growth of about 4.7%[22]. Cash Flow - Cash inflows from operating activities for the first three quarters of 2023 totaled 184,648,621.89 RMB, down 55.0% from 410,800,658.68 RMB in the same period of 2022[32]. - Cash outflows from operating activities for the first three quarters of 2023 were 588,134,795.05 RMB, compared to 626,185,229.85 RMB in the same period of 2022, showing a decrease of 6.1%[33]. - Cash inflows from investment activities for the first three quarters of 2023 were 65,486,938.81 RMB, down 93.1% from 957,012,123.90 RMB in the same period of 2022[34]. - Cash outflows from investment activities for the first three quarters of 2023 totaled 807,215,755.81 RMB, compared to 947,724,706.34 RMB in the same period of 2022, indicating a decrease of 14.8%[34]. - Cash inflows from financing activities for the first three quarters of 2023 were 1,372,950,993.59 RMB, significantly up from 276,271,174.38 RMB in the same period of 2022, representing a 397.5% increase[37]. - The net cash flow from financing activities for the first three quarters of 2023 was 1,141,662,390.32 RMB, compared to 109,941,281.55 RMB in the same period of 2022, reflecting a 938.5% increase[37]. - The ending balance of cash and cash equivalents as of September 30, 2023, is approximately $630.87 million, down from $708.81 million at the end of September 2022[38]. Operational Costs and Investments - The company increased investments in talent reserves and market expansion, leading to higher operational costs[7]. - Research and development expenses increased by RMB 65,247,100 compared to the previous year[7]. - Research and development expenses rose to CNY 105,716,539.49 in 2023, up from CNY 85,924,159.00 in 2022, indicating a focus on innovation[26]. - Total operating costs increased slightly to CNY 504,234,884.72 in 2023 from CNY 502,513,197.43 in 2022, with operating costs specifically decreasing from CNY 229,664,102.87 to CNY 182,133,327.13[26]. - The company is focusing on new product development and market expansion strategies to enhance its competitive position in the fuel cell sector[8]. - The company anticipates continued growth in the fuel cell market, prompting strategic investments[7]. Miscellaneous - The financial statements for the third quarter have not been audited[2]. - Non-operating income and expenses resulted in a total of -RMB 7,216,528.97 for the reporting period[6]. - The cash flow from operating activities is not applicable, reflecting the current state of the fuel cell industry[9]. - The diluted earnings per share for the year-to-date period is not applicable, reflecting ongoing investments in growth[8]. - The company holds cash and cash equivalents of approximately RMB 646.65 million as of September 30, 2023[21]. - The company’s short-term borrowings increased significantly to CNY 462,915,438.52 from CNY 229,872,186.96 year-over-year[23]. - Deferred income decreased slightly to CNY 103,950,498.39 in 2023 from CNY 109,666,422.97 in 2022, reflecting changes in revenue recognition[24]. - The company’s cash and cash equivalents were not detailed, but the increase in short-term borrowings suggests a potential liquidity challenge[23]. - The company reported a cash flow impact from foreign exchange fluctuations of 17,632,788.79 RMB in the first three quarters of 2023[37].

Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2023, representing a year-on-year increase of 25%[6] - The company reported a revenue of RMB 153.52 million for the first half of the year, a decrease of 42.96% compared to RMB 269.14 million in the same period last year[14] - The net loss attributable to shareholders was RMB 76.51 million, an increase of RMB 16.51 million from the previous year's loss of RMB 60.00 million[14] - The gross margin for the first half of 2023 was reported at 35%, an increase from 30% in the previous year[6] - Future outlook remains positive, with anticipated growth in the hydrogen energy sector, supported by government policies promoting clean energy solutions[6] - The company achieved operating revenue of RMB 153.52 million in the first half of 2023, a decrease of 42.96% year-on-year, and reported a net loss attributable to shareholders of RMB 76.51 million, an increase in loss of RMB 16.51 million year-on-year[50] Research and Development - The company is investing RMB 200 million in R&D for new hydrogen storage technologies, aiming to improve durability and performance[6] - Research and development expenses accounted for 49.89% of revenue, an increase of 20.69 percentage points from the previous year's 29.20%[16] - The company’s R&D investment for the period was RMB 76.60 million, comparable to RMB 78.59 million in the same period last year[17] - The company focuses on the research and development of fuel cell systems, achieving mass production capabilities[20] - The company adheres to a research and development model of "pre-research, development, and promotion," focusing on improving power density and reducing costs[21] - The company has developed low-temperature rapid start technology for fuel cells, improving cold start efficiency and enhancing user experience[28] - The company has developed a high-efficiency fuel cell waste heat utilization technology, enhancing energy conversion efficiency[29] - The company has developed a fuel cell system prototype with a rated power of ≥240kW and has filed over 5 invention patents[36] - The company has completed the development of testing equipment for high-power fuel cell stacks, enhancing testing capabilities[34] - The company has completed the research on the preparation technology of core materials for fuel cells, focusing on enhancing system output performance and durability[40] Market and Sales - User data indicates that the number of fuel cell vehicles sold increased by 30% compared to the same period last year, reaching 5,000 units[6] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[6] - A strategic partnership was formed with a leading automotive manufacturer to co-develop hydrogen fuel cell vehicles, expected to generate additional revenue of RMB 500 million over the next three years[6] - The hydrogen fuel cell vehicle market is in its early commercialization stage, with significant growth potential driven by national policies and global carbon neutrality goals[23] - The company is actively involved in multiple application scenarios for fuel cell vehicles, including public transport, urban logistics, and new fields like shipping[23] Financial Position and Cash Flow - Total assets increased to RMB 4.82 billion, up 27.33% from RMB 3.78 billion at the end of the previous year[14] - Net assets attributable to shareholders rose to RMB 3.19 billion, reflecting a 36.23% increase from RMB 2.34 billion at the end of the previous year[14] - The company is experiencing negative operating cash flow, primarily due to high accounts receivable and inventory levels, which may lead to insufficient working capital if financing channels are not expanded[60] - The company’s cash inflow from operating activities for the first half of 2023 was CNY 119,805,126.61, a decrease of 67.6% compared to CNY 369,151,140.17 in the same period of 2022[132] - The net cash outflow from operating activities was CNY -276,367,270.27, worsening from CNY -22,723,511.45 year-on-year[132] Strategic Initiatives - The company has initiated a merger with a complementary technology firm, projected to enhance its product offerings and market competitiveness[6] - The company has established a hydrogen technology subsidiary to integrate resources in the upstream hydrogen production sector and gradually expand into the hydrogen energy market[51] - The company plans to enhance R&D capabilities, expand stack production capacity, improve supply chain management, and increase brand awareness to address ongoing operational losses[53] Risks and Challenges - The company faces risks from high customer concentration, with major clients like Beiqi Foton and Yutong Bus dominating sales, potentially impacting independent operational capabilities if these clients face business challenges[57] - The company is heavily reliant on government subsidy policies for revenue, with recent adjustments to these policies posing risks to the fuel cell system business[61] - The rapid development of the hydrogen fuel cell industry has led to increased competition, necessitating continuous innovation and market responsiveness[55] Employee and Talent Management - The number of R&D personnel has increased to 336, representing 30.71% of the total workforce, with an average salary of 11.14 million RMB[43] - The company has implemented a performance-based salary system to attract and retain talent, focusing on strategic goals and employee capabilities[101] - The workforce increased from 879 to 1,094 employees year-on-year, reflecting the company's commitment to market expansion and talent acquisition[54] Shareholder and Capital Structure - Major shareholders hold significant stakes, with Zhang Guoqiang owning 18.61% of A shares, equivalent to 18,594,117 shares[81] - The company raised a total of RMB 886.26 million, with 50.20% allocated to developing a next-generation integrated R&D platform, amounting to RMB 444.90 million[77] - The company's debt-to-asset ratio improved to 26.00% at the end of the period from 27.49% at the beginning[95]

Financial Performance - Total revenue for the six months ended June 30, 2023, was RMB 153.52 million, a decrease of 42.96% year-on-year[2] - Net loss attributable to shareholders for the same period was RMB 76.51 million, compared to a net loss of RMB 60.00 million in the previous year[2] - Basic loss per share for the six months ended June 30, 2023, was RMB 0.67, compared to RMB 0.60 in the same period last year[2] - Total operating costs for the same period were RMB 280,417,141.31, down from RMB 341,350,134.33 in 2022, reflecting a reduction of 17.9%[8] - The net loss attributable to shareholders for the six months ended June 30, 2023, was RMB 76,511,130.16, compared to a net loss of RMB 60,004,630.05 in the same period of 2022, indicating a worsening of 27.4%[11] - The company reported a net loss of RMB 81,775,987.03 for the six months ended June 30, 2023, compared to a net loss of RMB 81,813,170.15 in the same period of 2022[19] - The net cash outflow from operating activities was RMB 276.37 million, an increase of RMB 253.64 million year-on-year[31] Assets and Liabilities - Total current assets as of June 30, 2023, amounted to RMB 3,230.94 million, an increase from RMB 2,261.03 million as of December 31, 2022[4] - Total liabilities as of June 30, 2023, were RMB 1,028.50 million, up from RMB 828.98 million as of December 31, 2022[5] - Short-term borrowings increased to RMB 430.31 million from RMB 229.87 million as of December 31, 2022[5] - Long-term equity investments as of June 30, 2023, were RMB 343.12 million, compared to RMB 333.85 million at the end of 2022[4] - Total assets as of June 30, 2023, reached RMB 4,818.26 million, up from RMB 3,783.96 million as of December 31, 2022[4] - The total liabilities as of June 30, 2023, amounted to RMB 1,252,506,132.47, up from RMB 1,040,039,059.76 at the end of 2022, marking an increase of 20.4%[6] - Non-current liabilities increased to RMB 224,002,098.54 as of June 30, 2023, from RMB 211,060,369.94 at the end of 2022, representing a rise of 6.1%[6] - The company's total equity attributable to shareholders increased to RMB 3,190,713,254.36 as of June 30, 2023, from RMB 2,342,103,146.24 at the end of 2022, reflecting a growth of 36.3%[6] Research and Development - Research and development expenses for the six months ended June 30, 2023, were RMB 55,192,267.56, slightly down from RMB 60,264,171.88 in the same period of 2022, a decrease of 8.5%[9] - Research and development investment for the first half of 2023 was RMB 76.60 million, focusing on core technology indicators of fuel cell systems[32] - The company plans to enhance R&D for fuel cell systems and core components, focusing on improving performance under adverse conditions[37] Business Strategy and Market Position - The company is focusing on enhancing its product development and market expansion strategies moving forward[2] - The company continues to focus on the development and manufacturing of fuel cell systems and components for commercial vehicles[14] - The company anticipates significant growth potential in the fuel cell vehicle industry, with projections indicating over 1 million fuel cell vehicles in China by 2035[36] - The company aims to strategically expand its customer base and regional coverage to increase market share[39] - Strengthening supplier relationships is a key strategy to ensure component supply and reduce raw material costs[40] - The company intends to enhance brand awareness through marketing activities and participation in industry events[41] Capital and Shareholder Information - The company issued H-shares at HKD 60 per share, selling a total of 17,628,000 shares and an overallotment of 670,450 shares, resulting in net proceeds of approximately HKD 1,022 million after deducting underwriting fees and other expenses[47] - The company does not recommend the distribution of an interim dividend for the six months ended June 30, 2023, consistent with no interim dividend in 2022[48] - As of March 31, 2023, the company's total share capital was 118,189,837 shares, and it issued 47,275,935 new shares through a capital increase, raising the registered capital to RMB 165,465,772[48] Operational Developments - The company has established partnerships with universities for technology innovation and talent cultivation[33] - The company has launched fuel cell vehicles in multiple cities, with 133 models equipped with its fuel cell systems announced as of June 2023[33] - The company completed its listing on the Hong Kong Stock Exchange, enhancing its capital for operational development[34] - The company is expanding its hydrogen energy business through the establishment of a new subsidiary focused on upstream hydrogen production[33] Compliance and Governance - The company has not identified any significant doubts regarding its ability to continue as a going concern for the next 12 months[15] - The financial statements are prepared in accordance with the relevant accounting standards and regulations applicable in China[15]

Financial Performance - The company's operating revenue for Q1 2023 was ¥48,373,299.34, a decrease of 50.16% compared to the same period last year[3]. - The net profit attributable to shareholders was a loss of ¥38,633,719.32, reflecting a 65.56% decrease year-on-year[8]. - The net cash flow from operating activities was a negative ¥94,301,140.70, a significant decline of 2,912.25% compared to the previous year[8]. - Total revenue for Q1 2023 was 48,373,299.34 RMB, a decrease of 50.16% compared to 97,059,251.34 RMB in Q1 2022[21]. - Operating profit for Q1 2023 was -53,783,857.28 RMB, compared to -36,429,200.63 RMB in Q1 2022, indicating a worsening of 47.73%[22]. - The company reported a net loss of 54,755,339.30 RMB in Q1 2023, compared to a net loss of 36,467,693.39 RMB in Q1 2022, representing an increase in losses of 50.06%[22]. - The net loss for Q1 2023 was approximately ¥47.75 million, compared to a net loss of ¥35.53 million in Q1 2022, representing a 34.3% increase in losses year-over-year[23]. - Total comprehensive income for Q1 2023 was approximately ¥-47.75 million, slightly improved from ¥-50.41 million in Q1 2022[25]. - Basic and diluted earnings per share for Q1 2023 were both ¥-0.35, compared to ¥-0.23 in Q1 2022, indicating a decline in earnings per share[25]. Research and Development - Research and development expenses totaled ¥39,127,065.86, representing 80.89% of operating revenue, an increase of 46.07 percentage points year-on-year[9]. - Research and development expenses for Q1 2023 were 23,278,091.00 RMB, compared to 21,275,160.00 RMB in Q1 2022, an increase of 9.39%[21]. - The company is focusing on product research and technological innovation to maintain industry leadership despite the revenue decline[9]. Assets and Liabilities - Total assets at the end of the reporting period were ¥4,730,042,880.22, an increase of 25.17% from the end of the previous year[4]. - Current liabilities totaled 891,150,113.92 RMB as of March 31, 2023, an increase of 7.88% from 828,978,689.82 RMB on December 31, 2022[18]. - Non-current liabilities amounted to 219,104,808.35 RMB as of March 31, 2023, up from 205,442,777.21 RMB at the end of 2022, reflecting a growth of 6.06%[19]. - Total liabilities reached 1,110,254,922.27 RMB as of March 31, 2023, compared to 1,034,421,467.03 RMB at the end of 2022, marking an increase of 7.33%[19]. - The total assets of the company reached ¥4,730,042,880.22 as of March 31, 2023, compared to ¥3,778,976,563.77 at the end of 2022, indicating an increase of approximately 25.2%[17]. - The company has a long-term equity investment valued at ¥351,681,754.60, up from ¥333,849,340.97, reflecting an increase of approximately 5.3%[17]. - The total non-current assets amounted to ¥1,567,553,873.95, an increase from ¥1,517,942,803.93, representing a growth of about 3.3%[17]. Cash Flow - Cash inflow from operating activities in Q1 2023 was approximately ¥95.62 million, down from ¥214.12 million in Q1 2022, a decrease of 55.3%[26]. - Cash outflow from operating activities in Q1 2023 was approximately ¥189.92 million, compared to ¥217.25 million in Q1 2022, showing a reduction of 12.5%[27]. - Net cash flow from investing activities in Q1 2023 was approximately ¥-30.13 million, an improvement from ¥-210.88 million in Q1 2022[29]. - Cash inflow from financing activities in Q1 2023 was approximately ¥1.04 billion, significantly higher than ¥87.71 million in Q1 2022[30]. - The net increase in cash and cash equivalents for Q1 2023 was approximately ¥860 million, compared to a net decrease of ¥187 million in Q1 2022, indicating a significant improvement in liquidity[31]. - The ending balance of cash and cash equivalents as of Q1 2023 was approximately ¥1.48 billion, up from approximately ¥612 million in Q1 2022, reflecting a year-over-year increase of about 141%[31]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 15,159, with 15,146 being A-share holders and 13 being H-share holders[12]. - The company reported a total of 18,295,590 shares held by HKSCC Nominees Limited, representing 15.48% of the total shares[12]. Government Support - The company received government subsidies amounting to ¥5,791,032.24 during the reporting period[6]. Accounting and Standards - The company adopted new accounting standards effective January 1, 2023, which may impact future financial reporting[31]. - The company is focused on enhancing its financial position and liquidity through strategic adjustments in its accounting practices and asset management[31].

Financial Performance - The company reported a revenue of RMB 738.12 million for the year 2022, representing a year-on-year growth of 17.28%[3]. - The net loss attributable to shareholders was RMB 166.45 million, an increase of RMB 4.53 million compared to the previous year[4]. - The net loss excluding non-recurring items was RMB 184.52 million[3]. - The company has not yet achieved profitability and continues to face risks related to operating losses and negative cash flow[5]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB, representing a 25% year-over-year growth[12]. - The company achieved operating revenue of RMB 73,811.66 million in 2022, representing a year-on-year increase of 17.28%[23]. - The company reported a significant increase in revenue, reaching RMB 1.5 billion for the fiscal year ending December 31, 2022, representing a year-over-year growth of 25%[15]. - The company reported a net cash outflow from operating activities of RMB 33,211.17 million, an increase of RMB 21,080.42 million compared to the previous year[26]. - The company experienced a decrease in sales collections, with a year-on-year reduction of RMB 8,314.75 million[26]. - The company reported a net loss attributable to shareholders of RMB 166.45 million, an increase of RMB 4.53 million year-on-year[67]. - Revenue for the reporting period was RMB 738.12 million, representing a year-on-year growth of 17.28%[67]. - The company reported a total of 1,022.04 million yuan in pre-tax remuneration for its board members and senior management during the year[155]. Research and Development - The company is focusing on the development and industrialization of fuel cell systems, with significant investments in R&D and market expansion[4]. - The company is investing heavily in R&D, with a budget allocation of 300 million RMB for new technologies[12]. - The company has developed new technologies, including high-frequency coupling and rapid cold start technology, to enhance fuel cell system performance[34]. - The company has achieved significant improvements in system cost and product reliability through domestic production of key components, including fuel cell systems and stacks[40]. - The company has developed advanced technologies such as long-life fuel cell systems and high-power density fuel cell systems, enhancing its competitive edge[42][44]. - The company has developed a comprehensive testing system for fuel cell systems and key components, supporting large-scale industrialization[64]. - The company has completed the design and development of a 240kW fuel cell product, with a total investment of 18,620.32 million RMB[57]. - The company has developed a durability prediction model for fuel cells and initiated durability testing, with a total investment of 475.35 million RMB and two patents obtained[54]. - The company has developed a fault diagnosis system and smart station control system for hydrogen refueling stations, with an investment of 76.77 million RMB, which was demonstrated during the Winter Olympics[55]. - The company has established a smart platform for real-time monitoring and analysis of fuel cell lifespan, enhancing operational efficiency[54]. - The company has completed the development of key technologies for a 70MPa hydrogen system, achieving three patent applications and four software copyrights[49]. - The company obtained 397 new patents during the reporting period, bringing the total number of authorized patents to 845[46]. Market Expansion and Strategy - The company plans to expand its market presence by entering new regions, particularly focusing on Southeast Asia and Europe in the upcoming fiscal year[15]. - The company is actively expanding its market presence, with fuel cell vehicles deployed in cities such as Beijing, Zhangjiakou, and Shanghai[34]. - The company is considering strategic acquisitions to enhance its market position, with potential targets identified in the renewable energy sector[12]. - The company aims to reduce operational costs by 10% through efficiency improvements in the supply chain[12]. - The company plans to continue expanding its market presence and investing in talent to capitalize on the growth opportunities in the fuel cell market[26]. - The company aims to enhance fuel cell stack production capacity in Shanghai to meet growing product demand and achieve economies of scale[116]. - The company plans to assist commercial vehicle manufacturers in testing prototypes and launching new fuel cell vehicle models to promote the application of its fuel cell systems[122]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2024[156]. - The company plans to enhance brand awareness through product promotion and multi-channel marketing strategies[119]. Risks and Challenges - The company faces risks related to cash flow due to high accounts receivable and inventory levels, which may impact operational funding[6]. - The company acknowledges the existence of non-operating fund occupation by controlling shareholders and related parties during the reporting period[10]. - The company faces substantial debt repayment risks as it continues to increase bank borrowings to support business expansion in the hydrogen fuel cell vehicle industry[74]. - The company is exposed to macroeconomic uncertainties due to international trade tensions and geopolitical risks, which could affect its operational stability[76]. - The company faces risks related to ongoing losses and market competition, which could impact future performance[66]. - The company has a high customer concentration risk, with major clients including Beiqi Foton and Yutong Bus, which could impact its independent operational capability if these clients face business challenges[70]. - The company is at risk of supply chain management issues due to the limited number of quality fuel cell system component suppliers in the early development stage of the industry[72]. - The company faces risks related to product iteration due to rapid technological upgrades in the hydrogen fuel cell industry, which may affect its competitive edge[68]. - The company is subject to stringent quality and safety regulations, and any failure to meet these standards could lead to administrative penalties and damage to its reputation[71]. Corporate Governance - The company has established a sound governance structure, with senior management compensation linked to performance bonuses based on job responsibilities and work performance[188]. - The board of directors consists of 3 executive directors, 2 non-executive directors, and 4 independent non-executive directors, ensuring a balanced skill set and diverse perspectives[196]. - The company has implemented appropriate insurance arrangements for legal liabilities arising from lawsuits against directors and senior officers[196]. - The company has established clear guidelines for matters requiring board approval, including capital and financial reporting[197]. - The company has a structured approach to training and continuous professional development for directors and senior management[198]. - The company has made appropriate insurance arrangements for potential legal actions and liabilities concerning directors and senior management[127]. - The company has established a remuneration decision-making process based on industry salary levels and regional economic conditions[167]. - The company has implemented a management control system for subsidiaries to enhance risk management and operational efficiency[190]. - The company promotes a diverse and safe workplace culture, providing various training resources for employees[193]. Shareholder and Capital Management - The company plans to increase its total share capital by 47.28 million shares through a capital reserve transfer, resulting in a total share capital of 165.47 million shares[8]. - The company has not distributed cash dividends or bonus shares in the current fiscal year[8]. - The company's profit distribution policy emphasizes shareholder returns, with no shareholders opting to waive dividends during the reporting period[138]. - The company raised approximately HKD 10.22 billion from the global offering, with 75% allocated for R&D funding[143][144]. - The company has no significant investments or acquisitions planned for the future, maintaining a cautious financial policy[141]. - The company has not utilized any of the net proceeds from the global offering as of the report date[144]. - The company plans to fully utilize the remaining net proceeds by the end of 2025 for R&D and marketing[144]. Human Resources - The company employed a total of 1,014 staff, with 437 in the listed company and 577 in major subsidiaries[183]. - The workforce includes 317 R&D personnel, 247 production staff, and 115 sales personnel[183]. - The total hours of outsourced labor amounted to 640,195 hours, with total payments of RMB 19,726,963.75[186]. - The company has established a compensation policy based on legality, competitiveness, and fairness, focusing on performance management[184]. - The company has a training plan tailored to business needs, enhancing employee skills and professional development[185]. - The total remuneration for all directors, supervisors, and senior management personnel at the end of the reporting period amounted to RMB 8.1805 million[168]. - The total remuneration for core technical personnel at the end of the reporting period was RMB 4.3574 million[168]. Future Outlook - The company provided a positive outlook for the next quarter, projecting a revenue growth of 30%[12]. - The company aims for a revenue target of RMB 2 billion for the next fiscal year, reflecting a growth target of approximately 33%[15]. - The company plans to implement new marketing strategies, aiming for a 10% increase in customer engagement[157]. - The management team highlighted a commitment to sustainability, with plans to reduce carbon emissions by 15% over the next three years[156].

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告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 （在中華人民共和國註冊成立的股份有限公司） （股份代號：2402） 截至二零二二年十二月三十一日之 全年業績公告 業績摘要 | --- | --- | |-------|-------------------------------------------------------------------------------------------------------------------------------| | | | | • | 二零二二年營業總收入為人民幣 73,811.66 萬元，同比增加 17.28% | | • | 二零二二年歸屬於上市公司所有者的淨虧損為人民幣 16,645.43 萬 元，上 年同期歸屬於上市公司所有者的淨虧損為人民幣 16,192.41 萬 元 | | • | 二零二二年每股基本虧損為人民幣 1.67 元，上 年 同 期 每 股 基 本 虧 損 為 人 | ...