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份內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 * SHANGHAI ELECTRIC GROUP COMPANY LIMITED 上海電氣集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：02727） 二零二三年中期業績 業績摘要 ► 二零二三年上半年營業總收入為人民幣530.78億元，較上年同期上升5.5% ► 二零二三年上半年股東應佔利潤為人民幣5.90億元，上年同期股東應佔虧損為人民 幣9.91億元 ► 二零二三年上半年基本每股收益人民幣0.04元，上年同期基本每股虧損人民幣0.06元 ► 二零二三年上半年新增訂單人民幣820.1億元，較上年同期增長38.4% ► 本報告期間董事會並未提議派發中期股息 ...

证券代码：601727 证券简称：上海电气 编号：临 2023-018 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、说明会类型 上海电气集团股份有限公司（以下简称"公司"或"上海电气"） 于2023年3月30日在上海证券交易所网站（www.sse.com.cn）披露《上 海电气2022年年度报告》。根据《上海证券交易所上市公司自律监管 指引第1号——规范运作》等相关规定，为使广大投资者更加全面、 深入地了解公司情况，公司将于2023年5月24日（星期三）召开上海 电气2022年度网上业绩说明会，与广大投资者进行充分交流，解答投 会议召开时间：2023年5月24日（星期三）16:00至17:00 会议召开地点：上海证券交易所上证路演中心 （http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可以在2023年5月17日（星期三）至2023年5月23日（星 期二）16:00前登录上证路演中心网站首页点击"提问预征集" 栏目或通过本公告中的联系人邮箱进行提问，公 ...

Financial Performance - The total revenue for the year 2022 was RMB 117.623 billion, a decrease of 9.7% compared to the previous year[4]. - The net loss attributable to shareholders for 2022 was RMB 3.566 billion, compared to a net loss of RMB 9.988 billion in the previous year, representing a decrease in losses of 64.3%[4]. - The basic loss per share for 2022 was RMB 0.23, improved from a loss of RMB 0.64 per share in the previous year[4]. - In 2022, the company's revenue decreased by 9.70% to RMB 117,623 million compared to RMB 130,261 million in 2021[16]. - The net profit attributable to shareholders of the parent company was a loss of RMB 3,566 million, compared to a loss of RMB 9,988 million in 2021, showing an improvement[16]. - The company reported a significant increase in revenue, achieving a total of 24 billion CNY for the fiscal year 2022, representing a year-over-year growth of 15%[46]. - The company reported a total comprehensive loss of RMB (1,823,011) thousand for 2022, an improvement from RMB (10,451,346) thousand in 2021[195]. - The company reported a decrease in retained earnings from RMB 15.22 billion in 2021 to RMB 11.42 billion in 2022, a drop of about 25.0%[190]. Operational Highlights - The gross profit margin for the reporting period was 16.2%, an increase of 1 percentage point year-on-year[4]. - The company has developed a comprehensive energy storage system, including a production capacity of 200MW/1GWh for flow battery storage systems[4]. - The company successfully delivered its first products from the "Poseidon" and "Petrel" platforms in the offshore wind power sector during the reporting period[4]. - The company has developed a second-generation air-cooled lithium battery energy storage system and a megawatt-level flywheel energy storage motor[5]. - The company has launched the first single-unit hydrogen production equipment with a capacity of 1500Nm3/h, meeting large-scale green hydrogen preparation needs[5]. - The company has successfully developed a series of high-end equipment for integrated ultra-low emissions in waste incineration[6]. - The company has initiated 51 key research projects covering renewable energy, hydrogen energy, energy storage, and carbon neutrality[6]. Strategic Initiatives - The company is actively pursuing strategic opportunities in line with national policies and has implemented its "14th Five-Year Plan" strategy[3]. - The company aims to enhance its operational management and development amidst complex external economic conditions[3]. - The company is focusing on advancing new industrialization and enhancing the manufacturing sector as part of national strategies[6]. - The company is committed to high-quality development, focusing on high-end, intelligent, and green strategic opportunities[9]. - The company is actively promoting the integration of energy internet and industrial internet, targeting smart energy and intelligent manufacturing solutions[7]. - The company plans to heavily invest in smart manufacturing, smart hardware, and industrial software to improve production efficiency and market competitiveness[121]. Research and Development - The total R&D investment for the period was RMB 50.64 billion, accounting for 4.33% of operating revenue, with capitalized R&D making up 0.71%[103]. - The company has 3,793 R&D personnel, representing 9.09% of the total workforce, with 102 holding doctoral degrees and 1,227 holding master's degrees[103]. - Ongoing research and development efforts in digital manufacturing are expected to yield new technologies that could enhance operational efficiency by 30%[36]. - The company plans to increase R&D investment to at least 4% in 2023, focusing on offshore floating wind turbines, hydrogen equipment, and new energy storage technologies[122]. Governance and Management - The company has a continuous leadership structure due to the postponement of board elections, ensuring stability in governance[24]. - The board of directors consists of eight members, including three executive directors and three independent non-executive directors, with independent directors making up one-third of the board[68]. - The company emphasizes continuous training for directors, covering business, legal, and financial regulations to enhance their professional knowledge[70]. - The company has established a transparent governance structure to enhance corporate governance standards[68]. - The company has implemented management optimization measures to enhance operational quality and risk control, supporting the execution of its "14th Five-Year" strategy[9]. Market Position and Shareholder Information - The company has reported a comprehensive market share in the nuclear power sector, maintaining the industry’s leading position[6]. - Shanghai State-owned Assets Supervision and Administration Commission holds 8,617,782,662 A shares, representing 68.10% of the A share class and 55.31% of the total share capital[19]. - The total number of shares held by the major shareholders indicates a significant concentration of ownership within state-owned entities[19]. - The company has signed long-term service orders for 38 gas turbines across 19 projects, indicating strong demand in the gas turbine sector[7]. Legal and Compliance - The company is involved in arbitration with Reliance UK, claiming damages of approximately USD 388.75 million[160]. - The company has been involved in various legal proceedings related to its contracts and claims against Reliance UK[160]. - The company has confirmed compliance with the relevant Hong Kong listing rules regarding significant connected transactions[159]. - The company incurred a penalty of RMB 2 million for failing to disclose significant events in a timely manner, as per the Securities Law[134]. Sustainability and Social Responsibility - The company emphasizes sustainable development as a strategic focus, promoting circular economy and resource efficiency[141]. - The company is actively developing clean energy and green technologies, aiming for ultra-low and near-zero emissions[141]. - The total expenditure on public welfare projects, charitable donations, poverty alleviation, and education funding for the year was approximately RMB 1.387 million[139].

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份內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 * SHANGHAI ELECTRIC GROUP COMPANY LIMITED 上海電氣集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：02727） 2023 年第一季度報告 根據中國證券監督管理委員會和上海證券交易所的相關法律法規，上海電氣集團股份有限 公司（「本公司」）須披露季報。 本公告是根據香港法例第 571 章證券及期貨條例第 XIVA 部項下內幕消息條文（定義見香 港聯合交易所有限公司證券上市規則（「上市規則」））及上市規則第13.09(2)和第13.10B條 的要求發佈。 本公司董事會（「董事會」）謹此宣佈本公司及其附屬公司按照中國企業會計準則編制截至 2023年3月31日三個月的業績。本業績未經審計但已經本公司審核委員會審閱。 本公告是根據香港法例第571章證券及期貨條例第XIVA部項下內幕消息條文（定義見上市 規則）及上市規則第13.09(2)和第13.1 ...

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份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。 * SHANGHAI ELECTRIC GROUP COMPANY LIMITED 上海電氣集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：02727） 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1,176.23億元，同比下降9.7% ► 二零二二年股東應佔虧損爲人民幣35.66億元，上年同期股東應佔虧損爲人民幣99.88億元 ► 二零二二年每股基本虧損人民幣0.23元，上年同期每股基本虧損人民幣0.64元 ► 二零二二年新增訂單人民幣1,332.7億元，同比下降7.6% ► 董事會建議不派發2022年度末期股息 上海電氣集團股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈本公司及其附 屬公司（「本集團」或「上海電氣」）截至2022年12月31日止年度的全年業績。本集團的 ...

Financial Performance - Total operating revenue for the period was RMB 27,764,633 thousand, a decrease of 10.44% compared to the same period last year[6]. - Net profit attributable to shareholders was a loss of RMB 424,889 thousand, representing a decline of 177.46% year-on-year[6]. - Basic earnings per share for the period was -0.0272 RMB, a decrease of 175.35% compared to the previous year[6]. - Total operating revenue for the first three quarters of 2022 was CNY 78,057,423, a decrease of 16.5% compared to CNY 93,528,580 in the same period of 2021[19]. - Net profit for the first three quarters of 2022 was a loss of CNY 278,877, compared to a loss of CNY 3,768,689 in the same period of 2021[21]. - The company reported a basic and diluted earnings per share of -0.0906 for the current period, an improvement from -0.2913 in the previous period[22]. - The company recorded a total profit of -53,437 in the current period, compared to -3,125,274 in the previous period, indicating a significant reduction in losses[21]. - The total comprehensive income for the first three quarters of 2022 was a loss of RMB 1,119,310 million, compared to a loss of RMB 3,186,827 million in the same period of 2021[24]. Assets and Liabilities - Total assets at the end of the period were RMB 304,506,361 thousand, an increase of 1.23% from the end of the previous year[6]. - Current assets totaled RMB 214.28 billion, slightly up from RMB 209.78 billion year-over-year, indicating a growth of about 2.4%[13]. - Total liabilities reached RMB 208.20 billion, up from RMB 202.66 billion, which is an increase of about 2.7%[15]. - Total assets as of the end of the reporting period were CNY 131,798,300, slightly down from CNY 133,314,798 at the end of the previous period[18]. - Total liabilities decreased to CNY 92,230,663 from CNY 92,660,127, indicating a reduction in financial obligations[18]. - The company’s total equity decreased to CNY 39,567,637 from CNY 40,654,671, reflecting a decline in shareholder value[18]. - Total current assets decreased to RMB 62,045,884 thousand, down from RMB 64,838,942 thousand, a decrease of 4.3%[46]. Cash Flow - Cash flow from operating activities showed a net outflow, with a significant decrease in cash received from sales and services[10]. - Cash flow from operating activities for the first three quarters of 2022 showed a net outflow of RMB -5,134,426 thousand, an improvement from RMB -13,934,825 thousand in the same period of 2021[36]. - Cash inflow from investment activities totaled RMB 8,741.024 million, down from RMB 15,770.754 million in the same period of 2021[25]. - Cash flow from financing activities generated a net inflow of RMB 548.541 million, a decrease from RMB 2,727.294 million in the first three quarters of 2021[26]. - The net cash flow from financing activities for the first three quarters of 2022 was RMB 88,198 thousand, a significant decrease from RMB 2,775,871 thousand in the same period of 2021[29]. Operational Challenges - The company faced increased costs due to rising raw material prices and logistics, impacting overall profitability[9]. - The company experienced operational challenges, including production halts and logistics difficulties, impacting revenue performance[39]. - The company reported a significant decline in investment income from equity holdings compared to the previous year[9]. - The company reported a significant decrease in investment income, which was RMB 1,291.939 million compared to RMB 4,763.522 million in the same period of 2021[23]. Government Support - Non-operating income included government subsidies of RMB 252,996 thousand for the period, totaling RMB 695,091 thousand year-to-date[7]. - The company received government subsidies amounting to RMB 252,996 thousand during the reporting period, totaling RMB 695,091 thousand for the year to date[37]. Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 3,234,083, a decrease from CNY 3,525,809 in 2021[19]. - Research and development expenses for the first three quarters of 2022 were RMB 123.901 million, slightly down from RMB 137.567 million in the same period of 2021[23].

Financial Performance - In the first half of 2022, Shanghai Electric reported total revenue of RMB 50.293 billion, a decrease of 19.57% compared to the same period last year[12]. - The net loss attributable to shareholders for the first half of 2022 was RMB 0.991 billion, improving from a net loss of RMB 4.971 billion in the same period last year[12][16]. - The basic loss per share for the first half of 2022 was RMB 0.06, compared to RMB 0.32 in the previous year[12]. - Total operating revenue for the six months ended June 30, 2022, was RMB 50,292,790, a decrease of 19.5% from RMB 62,527,712 in the same period of 2021[64]. - Operating profit for the first half of 2022 was RMB 64,038, a significant recovery from an operating loss of RMB 4,652,268 in the same period of 2021[64]. - The company achieved total operating revenue of RMB 50.293 billion, a decrease of 19.57% compared to the same period last year[198]. - The energy equipment segment generated operating revenue of RMB 24.260 billion, down 15.6% year-on-year, primarily due to the impact of national policies and a decline in wind power revenue[199]. - The industrial equipment segment reported operating revenue of RMB 16.759 billion, a decline of 18.2% year-on-year, mainly due to the impact of the pandemic on elevator business revenue[200]. - The gross margin for the energy equipment segment was 17.2%, a decrease of 1.1 percentage points year-on-year, attributed to rising raw material and labor costs[199]. - The gross margin for the industrial equipment segment was 16.2%, down 1.1 percentage points year-on-year, influenced by a challenging overseas market environment[200]. Order and Backlog - New orders for the first half of 2022 amounted to RMB 59.24 billion, a decrease of 19.3% year-on-year[17]. - As of the end of the reporting period, the total backlog of orders was RMB 265.96 billion, a decrease of 7.0% from the end of the previous year[17]. - The energy equipment segment accounted for RMB 26.11 billion of new orders, including RMB 4.37 billion from wind power equipment and RMB 2.77 billion from nuclear power equipment[17]. Strategic Focus and Innovation - The company emphasized its commitment to high-quality development and technological innovation as key drivers for future growth[15]. - The company is focusing on market expansion and enhancing its product offerings in nuclear power, energy storage, and wind power sectors[16]. - The company is focusing on technology innovation to drive the transition to green and low-carbon energy, with a particular emphasis on wind, solar, and hydrogen sectors[18]. - The company is focusing on high-quality development and transitioning towards high-end, green, digital, service-oriented, and international directions in its strategy[196]. - The company plans to enhance its capabilities in new energy and smart manufacturing, particularly in the planning and layout of the industrial chain[196]. Challenges and Risks - The company faced challenges due to rising raw material prices and logistics costs, impacting revenue[189]. - The company faced risks from the ongoing COVID-19 pandemic, which affected personnel movement and logistics, leading to project delays and increased costs[39]. - The company is closely monitoring macroeconomic trends and adjusting strategies to address potential impacts on its operations[41]. - The company is implementing local market strategies to mitigate risks associated with overseas business expansion and geopolitical uncertainties[42]. Research and Development - Research and development expenses increased by 21.44% to RMB 1.91 billion compared to the previous year[31]. - The company has successfully developed a 1MW/2MWh all-vanadium flow battery system, achieving an industry-leading efficiency of over 75% on the AC side[18]. - The company is actively expanding its hydrogen production capabilities, with plans to complete large-capacity electrolyzer hydrogen testing by year-end[18]. Financial Management and Liabilities - Total assets at the end of the reporting period were RMB 296.99 billion, a decrease of 1.27% compared to the previous year[30]. - Total liabilities decreased to RMB 199.81 billion, down 1.41% from the previous year[34]. - The company’s bank and other borrowings totaled RMB 45.85 billion, an increase of RMB 1.16 billion from the previous year[36]. - The company’s debt ratio was 34.37%, with a capital and debt ratio of 35.04% as of June 30, 2022[39]. Corporate Governance and Compliance - The company is under investigation by the China Securities Regulatory Commission for alleged violations of information disclosure regulations[42]. - The company is actively cooperating with regulatory investigations and adhering to disclosure obligations[42]. - The audit committee reviewed the accounting policies and discussed risk management and internal controls during the reporting period[60]. - The board of directors confirmed compliance with the corporate governance code during the reporting period[60]. Employee and Shareholder Information - As of June 30, 2022, the company had approximately 39,704 employees, an increase from 39,364 employees a year earlier[53]. - The company has established a salary growth mechanism linked to labor productivity, ensuring timely payment of wages and social insurance for employees[53]. - The company did not propose any interim dividend during the reporting period[60]. Legal Matters - The company is currently involved in several ongoing litigation matters, including claims for approximately RMB 1.193 billion against Beijing Capital Group and RMB 392.97 million against Harbin Industrial Investment Group[50]. - The company is involved in a legal arbitration case regarding the Sasan project in India, claiming at least $135,320,728.42 in unpaid equipment fees from Reliance UK[51].

Financial Performance - Total revenue for the year was ¥1,313.88 billion, a year-on-year decrease of 4.3%[7] - Net loss attributable to shareholders was ¥99.88 billion, compared to a profit of ¥37.58 billion in the same period last year[7] - Basic earnings per share for the year were ¥-0.64, down from ¥0.25 in the previous year[7] - The gross profit margin for the reporting period was 15.07%, a decrease of 1.69 percentage points year-on-year[7] - The company reported a significant increase in revenue, achieving a total of 20 billion RMB, representing a year-over-year growth of 15%[43] - The company reported a significant increase in revenue, achieving a total of 22 billion RMB for the fiscal year, representing a 15% year-over-year growth[49] - The company reported a net profit attributable to shareholders of RMB 8.354 billion for 2021, impacted by a provision for impairment losses of RMB 9.222 billion related to accounts receivable and inventory[133] - The net loss for 2021 was RMB (10,240,131) thousand, compared to a net profit of RMB 5,266,003 thousand in 2020, indicating a significant decline[194] - The total comprehensive income for 2021 was significantly impacted by the net loss, leading to a total comprehensive income of RMB (10,187,878,000)[197] Orders and Backlog - New orders amounted to ¥1,441.8 billion, a year-on-year decline of 22.3%[9] - As of the end of the reporting period, the company had a backlog of orders totaling ¥2,861.0 billion, an increase of 3.6% from the end of the previous year[9] Investments and R&D - The company has made significant investments in the development of offshore wind turbine technology and is advancing the production of key components[9] - Investment in R&D has increased by 20%, focusing on advanced manufacturing technologies and smart solutions[43] - Total R&D investment amounted to RMB 54.47 billion, representing 4.17% of operating revenue, with capitalized R&D accounting for 0.75%[106] - Research and development expenses increased to RMB (5,405,769) thousand in 2021 from RMB (4,854,084) thousand in 2020, representing an increase of 11.3%[193] Strategic Initiatives - The company is actively aligning with the national "dual carbon" strategy and maintaining a leading position in the clean energy sector[9] - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[32] - The company is focusing on green low-carbon and digital economy sectors, aligning with national "dual carbon" strategies[13] - The company plans to enhance its digital marketing strategy, aiming for a 40% increase in online sales channels[43] Corporate Governance - The board consists of nine members, including three executive directors and three independent non-executive directors, with independent directors making up one-third of the board[72] - The board has established a clear division of responsibilities between the chairman and the CEO to avoid concentration of management power[78] - The company has adopted the corporate governance code and confirmed compliance with the relevant regulations, although there was a temporary vacancy in the roles of chairman and CEO due to the resignation of the previous officeholder[78] Risk Management - The company has implemented a comprehensive risk management system, regularly evaluated by the Audit Committee[80] - The company has established a comprehensive risk management and internal control system, which is deemed effective and sufficient for ensuring stable and healthy business development[90] - The company emphasizes regular comprehensive risk assessments and has established procedures for identifying and addressing potential risks[91] Shareholder Information - The company did not declare any dividends for the year[98] - The company’s total share capital remains unchanged, with no new shares issued during the reporting period[31] - The company has proposed to repurchase and cancel 126,162,000 shares of restricted stock at a repurchase price of RMB 2.89676 per share due to significant financial impacts from major risk events[68] Employee and Management - The total number of employees in the parent company is 256, while the main subsidiaries employ 38,759, resulting in a total of 39,015 employees[59] - The company has a diverse educational background among its employees, with 4,121 holding postgraduate degrees and 16,281 having bachelor's degrees[61] - The company has emphasized the importance of continuity in its board and management structure during the transition period[31] Legal and Compliance - The company is currently under investigation by the China Securities Regulatory Commission for suspected violations of information disclosure laws[133] - The company has committed to actively cooperate with the ongoing investigation by the China Securities Regulatory Commission[133] Market Presence - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by 2025[43] - The company has established over 20 overseas branches in key markets related to the "Belt and Road" initiative, including the UK, Japan, Australia, South Africa, Mexico, and Panama[119]

Financial Performance - Total operating revenue for the first quarter of 2022 was RMB 24,981,188 thousand, a decrease of 2.28% compared to the same period last year[7]. - Net profit attributable to shareholders of the listed company was RMB 12,640 thousand, down 98.09% year-on-year[7]. - Basic earnings per share decreased by 98.11% to RMB 0.0008[7]. - The weighted average return on net assets decreased by 0.94 percentage points to 0.02%[7]. - Net profit for Q1 2022 was 316,411 thousand RMB, down 64.39% from 888,712 thousand RMB in Q1 2021[19]. - Operating profit for Q1 2022 was 415,613 thousand RMB, a decline of 60.54% compared to 1,050,164 thousand RMB in Q1 2021[19]. - The total comprehensive income for the period was -179,666 thousand RMB, compared to -154,788 thousand RMB in the previous year[51]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 293,629,338 thousand, a decrease of 2.38% from the end of the previous year[7]. - Total assets decreased to RMB 293,629,338 thousand, down 2.06% from RMB 300,802,190 thousand[13]. - Non-current assets totaled RMB 90,590,641 thousand, a decrease of 0.48% from RMB 91,026,346 thousand[13]. - Current liabilities decreased to RMB 161,491,378 thousand, a reduction of 4.13% from RMB 168,879,341 thousand[13]. - Total liabilities decreased to RMB 195,229,318 thousand, down 3.06% from RMB 202,657,837 thousand[14]. - Owner's equity increased slightly to RMB 98,400,020 thousand, up from RMB 98,144,353 thousand[14]. Cash Flow - Cash flow from operating activities showed a net outflow of RMB 9,204,691 thousand, indicating a significant decline[7]. - Cash inflow from operating activities was 26,167,542 thousand RMB, down 16.8% from 31,271,980 thousand RMB in the same period last year[24]. - Cash outflow from operating activities totaled 35,372,233 thousand RMB, resulting in a net cash flow from operating activities of -9,204,691 thousand RMB, an improvement from -13,436,344 thousand RMB year-over-year[24]. - Cash inflow from investment activities was 2,101,973 thousand RMB, a decrease of 59.3% compared to 5,150,657 thousand RMB in the previous year[25]. - Cash outflow from financing activities totaled 919,163 thousand RMB, resulting in a net cash flow from financing activities of -53,472 thousand RMB, compared to a positive cash flow of 2,525,524 thousand RMB last year[27]. Operational Costs and Expenses - The total cost of operations for Q1 2022 was 24,689,333 thousand RMB, a decrease of 0.86% from 24,903,183 thousand RMB in Q1 2021[18]. - Research and development expenses for Q1 2022 were 855,421 thousand RMB, slightly down from 889,380 thousand RMB in Q1 2021[18]. - Financial expenses for Q1 2022 were 364,927 thousand RMB, an increase from 294,025 thousand RMB in Q1 2021[46]. - The company reported a decrease in investment income to 150,013 thousand RMB in Q1 2022 from 478,158 thousand RMB in Q1 2021[46]. Future Outlook - The company plans to focus on expanding its market presence and enhancing its product offerings in the upcoming quarters[27]. - The company plans to enhance its market expansion strategies and invest in new technologies to drive future growth[54].