Financial Performance - For the six months ended June 30, 2023, the revenue was RMB 5,726,128 thousand, a decrease of 4.68% compared to RMB 6,007,274 thousand for the same period in 2022[6]. - EBITDA for the same period was RMB 399,834 thousand, representing an increase of 270.46% from RMB 107,930 thousand in the previous year[6]. - Net profit attributable to equity holders of the parent company was RMB 307,399 thousand, up 107.79% from RMB 147,937 thousand in the prior year[6]. - Basic earnings per share increased to RMB 0.07, a rise of 133.33% compared to RMB 0.03 in the previous period[6]. - The gross profit margin improved to 16.49%, up from 14.70%, reflecting a 1.79% increase[6]. - The net profit margin also increased to 5.37%, up 2.91% from 2.46% in the previous year[6]. - The total comprehensive income for the period was RMB 267,799 thousand, significantly higher than RMB 85,082 thousand in the same period last year[12]. - The company's pre-tax profit for the period was RMB 379,670, compared to RMB 163,487 for the same period in 2022, showing a significant increase[26][28]. Cash Flow and Assets - The net cash flow from operating activities for the six months ended June 30, 2023, was RMB 918,814 thousand, a significant increase of 60.5% compared to RMB 571,953 thousand for the same period in 2022[19]. - Cash and cash equivalents increased to RMB 3,675,115 thousand as of June 30, 2023, up from RMB 2,031,973 thousand at the end of 2022, marking a growth of 81%[20]. - The total amount of current assets was RMB 11,838,815 thousand, slightly up from RMB 11,585,891 thousand as of December 31, 2022[13]. - The total assets as of June 30, 2023, were RMB 15,130,005, a slight decrease from RMB 15,390,930 as of December 31, 2022[29]. - The total liabilities decreased to RMB 5,485,902 from RMB 5,639,775 at the end of 2022[31]. - The company's total cash and bank balances, including fixed deposits, reached RMB 4,386,303 thousand as of June 30, 2023, compared to RMB 3,688,228 thousand as of December 31, 2022, marking an increase of approximately 18.9%[50]. Inventory and Receivables - Inventory turnover days decreased by 8 days to 121 days, while trade payables turnover days improved by 5 days to 134 days[6]. - The total inventory as of June 30, 2023, was RMB 2,745,318 thousand, down 23.5% from RMB 3,591,273 thousand as of December 31, 2022[40]. - The group’s trade receivables as of June 30, 2023, amounted to RMB 3,090,932 thousand, an increase of 1.2% from RMB 3,054,426 thousand as of December 31, 2022[41]. - The company recorded a decrease in inventory by RMB 853,136 thousand for the six months ended June 30, 2023, compared to a decrease of RMB 880,614 thousand in the same period of 2022[19]. Liabilities and Equity - Current liabilities totaled RMB 5,427,202 thousand, an increase of 11.5% from RMB 4,865,001 thousand as of December 31, 2022[14]. - Total equity as of June 30, 2023, was RMB 9,644,103 thousand, a slight decrease from RMB 9,751,155 thousand as of December 31, 2022[15]. - The company’s total liabilities related to trade payables and notes payable were RMB 301,939 thousand as of December 31, 2022, down from RMB 418,201 thousand, showing a reduction of about 28%[53]. Market Performance - Revenue from external customers in mainland China was RMB 4,234,347, down from RMB 5,007,361 in 2022, indicating a decrease of about 15.4%[29]. - The sales of wheel loaders accounted for 42.3% of total machinery sales, totaling RMB 2,420,800, down from 47.4% in the previous year[32]. - The sales revenue of wheel loaders decreased by 15.0% to RMB 2,421 million, compared to RMB 2,848 million in the same period of 2022[79]. - The sales revenue from overseas markets surged by 49.2% to RMB 1,492 million, partially offsetting the decline in the domestic market[78]. Governance and Management - The company has implemented improvements in its internal control system, focusing on procurement, supply chain management, and financial supervision[100]. - The board believes that the dual role of the CEO and Chairman held by Mr. Li is appropriate for maintaining policy continuity and business stability[98]. - The company emphasizes high transparency and effective communication as key components of its investor relations strategy[101]. - The company has established a performance evaluation and assessment mechanism for its management team to enhance oversight[100]. Employee and Investor Relations - The group employed approximately 7,105 employees as of June 30, 2023[109]. - The company received over 28 visits and communication sessions with domestic and international investors in the first half of 2023[101]. - The company has committed to enhancing its investor relations framework to protect shareholders' rights and ensure timely information disclosure[100].

Financial Performance - The revenue for the six months ended June 30, 2023, was RMB 5,726,128, a decrease of 4.7% compared to RMB 6,007,274 for the same period in 2022[2] - Gross profit for the same period was RMB 944,452, representing a gross margin of approximately 16.5%, compared to RMB 882,791 in 2022[2] - The net profit for the six months ended June 30, 2023, was RMB 307,404, an increase of 108.5% from RMB 147,839 in 2022[3] - Basic and diluted earnings per share for the period were RMB 0.07, compared to RMB 0.03 in the previous year[3] - The company reported a total comprehensive income of RMB 267,799 for the six months ended June 30, 2023, compared to RMB 85,082 in 2022[3] - The operating profit for the six months ended June 30, 2023, was RMB 379,670 thousand, compared to RMB 163,487 thousand in the same period of 2022, showing an increase of approximately 132.5%[13][14] - The pre-tax profit for the six months ended June 30, 2023, was RMB 4,332,198 thousand, a decrease from RMB 5,044,160 thousand in the same period of 2022, representing a decline of approximately 14.1%[20] - The income tax expense for the period was RMB 72,266 thousand, significantly higher than RMB 15,648 thousand in the previous year, indicating an increase of approximately 360.5%[21] - The overall gross margin increased to 16.49%, up 1.79 percentage points from 14.70% in the same period of 2022[33] - Net profit for the period was RMB 307 million, representing a significant increase of 107.43% from RMB 148 million in the previous year[33] Assets and Liabilities - Total assets as of June 30, 2023, were RMB 11,838,815, an increase from RMB 11,585,891 as of December 31, 2022[4] - Current liabilities totaled RMB 5,427,202, an increase from RMB 4,865,001 at the end of 2022[4] - The company’s non-current assets decreased to RMB 3,291,190 from RMB 3,805,039 as of December 31, 2022[4] - The total assets as of June 30, 2023, were RMB 15,130,005 thousand, a slight decrease from RMB 15,390,930 thousand as of December 31, 2022[16] - The total liabilities as of June 30, 2023, were RMB 5,485,902 thousand, down from RMB 5,639,775 thousand as of December 31, 2022, reflecting a decrease of approximately 2.7%[16] - The total equity as of June 30, 2023, was approximately RMB 9,644 million, a decrease of 1.1% from RMB 9,751 million as of December 31, 2022[41] - The current ratio as of June 30, 2023, was 2.18, down from 2.38 as of December 31, 2022, indicating a decrease in liquidity[41] - The total debt-to-asset ratio as of June 30, 2023, was approximately 36.26%, slightly improved from 36.64% as of December 31, 2022[42] Cash Flow and Financing - The company’s cash and cash equivalents were RMB 3,675,115 as of June 30, 2023, compared to RMB 2,031,973 at the end of 2022[4] - Cash and cash equivalents totaled RMB 3,675,115 thousand as of June 30, 2023, a significant increase from RMB 2,031,973 thousand at the end of 2022, representing an increase of approximately 81%[29] - The company’s bank loans amounted to RMB 734,719 thousand, with actual annual interest rates ranging from 5.35% to 5.85%[32] - The company’s cash flow management strategy includes internal cash generation, bank loans, and retained earnings to meet operational funding needs[39] Sales and Market Performance - The revenue from external customers in mainland China was RMB 4,234,347 thousand, down from RMB 5,007,361 thousand in 2022, indicating a decrease of about 15.4%[15] - Sales of wheel loaders and forklifts accounted for 42.3% and 33.8% of total sales, respectively, for the six months ended June 30, 2023[17] - Sales of wheel loaders decreased by 15.0% to RMB 2,421 million, with the sales proportion dropping to 42.3% from 47.4% year-on-year[35] - Forklift sales slightly decreased by 0.7% to RMB 1,935 million, maintaining a sales proportion of 33.8% of total revenue[36] - Excavator sales increased by 22.2% to RMB 672 million, driven by strong international market demand post-pandemic[37] - Parts sales rose by 6.7% to approximately RMB 668 million, attributed to increased sales of complete machines[38] - Export revenue grew by 49.19% year-on-year, significantly contributing to the overall revenue despite domestic market challenges[33] Operational Highlights - The company continues to focus on the manufacturing and distribution of construction machinery, including wheel loaders and excavators, while exploring financing leasing options[9] - The group purchased assets in China at a cost of RMB 76,513 thousand for the six months ended June 30, 2023, down from RMB 156,324 thousand in the same period of 2022, reflecting a decrease of approximately 51%[23] - Trade receivables, net of impairment, amounted to RMB 2,527,004 thousand as of June 30, 2023, compared to RMB 2,453,314 thousand at the end of 2022, showing an increase of approximately 3%[25] - Trade payables and notes payable were RMB 3,195,401 thousand as of June 30, 2023, down from RMB 3,793,466 thousand at the end of 2022, indicating a decrease of approximately 15.8%[30] - The group’s inventory as of June 30, 2023, was RMB 2,745,318 thousand, a decrease from RMB 3,591,273 thousand at the end of 2022, reflecting a decline of approximately 23.5%[24] Governance and Compliance - The company remains focused on customer needs and market trends, aiming to enhance product competitiveness and expand both domestic and international markets[47] - The company has received independence confirmations from Mr. Qian and Mr. Wu, who have served for over nine years, ensuring their independence according to listing rules[52] - The board believes that Mr. Li's dual role as Chairman and CEO is appropriate and beneficial for the company's policy continuity and business stability[53] - The company has adopted the standard code of conduct for directors' securities transactions, confirming compliance by all directors during the year[54] - The interim results for the six months ending June 30, 2023, have been reviewed by external auditors, confirming consistency with unaudited financial data[55] - No interim dividend has been recommended for the six months ending June 30, 2023, consistent with the previous year[56] - The 2023 interim report will be sent to shareholders and published on the Hong Kong Stock Exchange website at an appropriate time[57]

Financial Performance - Total revenue for 2022 was HKD 12.731 billion, a decrease of 18.56% from HKD 13.691 billion in 2021[4] - Net profit for 2022 was HKD 457 million, down 68.60% from HKD 1.275 billion in 2021[4] - EBITDA for 2022 was HKD 734 million, a decline of 58.17% from HKD 1.755 billion in 2021[4] - Basic earnings per share decreased to HKD 0.09, down 70.00% from HKD 0.30 in 2021[4] - The company reported a gross profit margin of 16.74%, down from 17.95% in the previous year[4] - Total revenue decreased by 18.6% to approximately RMB 11,150 million, primarily due to a decline in investment spending in the infrastructure and real estate sectors[23] - Gross profit decreased by approximately 24%, with the gross profit margin dropping from 17.9% to 16.7%[24] - The company reported a significant decrease in income tax expense to RMB 38,584 thousand from RMB 177,487 thousand in the previous year[146] - The total comprehensive income for the year attributable to owners of the parent was RMB 311,915 thousand, down from RMB 1,297,381 thousand in 2021[147] Cash Flow and Financial Position - Cash flow from operating activities was HKD 2.12 billion, with total cash and financial assets amounting to HKD 6.645 billion at year-end[8] - The company maintained a healthy debt-to-asset ratio of 36.64% at year-end, which is considered industry best[8] - The company maintained a strong cash position, with robust operating cash flow and improved asset quality[10] - Cash and bank balances increased by approximately RMB 7 million, with net cash inflow from operating activities of approximately RMB 1,857 million[20] - The operating cash flow for the year ended December 31, 2022, was RMB 1,856,727 thousand, a significant increase from RMB 419,684 thousand in 2021, representing a growth of approximately 342%[153] - The company’s cash and cash equivalents at the end of 2022 were RMB 2,031,973 thousand, slightly up from RMB 2,025,005 thousand at the beginning of the year[154] Dividends and Shareholder Returns - Proposed dividend per share is HKD 0.10, with a payout ratio of 94% of net profit[8] - The company declared a final dividend of HKD 0.10 per share for the year ended December 31, 2022, compared to HKD 0.22 per share in the previous year, totaling HKD 942 million in 2021[36] - The company paid dividends totaling RMB 765,435 thousand in 2022, a decrease from RMB 1,186,910 thousand in the previous year, indicating a reduction of approximately 35%[154] Sales and Market Performance - The company's excavator sales revenue decreased by 40.8% to approximately RMB 1,109 million, down from RMB 1,873 million in 2021[14] - The company's wheel loader sales accounted for 46.8% of total revenue, decreasing by 21.1% to approximately RMB 5,214 million[13] - The sales revenue from the eastern region of China decreased by 37.3% to approximately RMB 1,608 million[12] - The sales proportion of forklifts increased by 4.57 percentage points to 30.25% during the reporting period[11] - Forklift product sales revenue decreased by 4.1% to approximately RMB 3,373 million, accounting for about 30.2% of total revenue[15] Research and Development - The company emphasized product research and development, particularly in new energy loaders and forklifts, enhancing core component technology[10] - The company reported a decrease in research and development expenses to RMB 516,019 thousand from RMB 622,557 thousand in the previous year, a reduction of 17.1%[146] Corporate Governance - The board consists of 8 members, including 1 non-executive director and 3 independent non-executive directors, with a gender diversity ratio of approximately 13% female representation[84] - The board is committed to enhancing corporate governance practices to increase transparency and trust among shareholders and stakeholders[66] - The company has adopted the corporate governance code principles and aims to maintain high standards of governance, although there are some deviations noted[71] - The independent non-executive directors confirmed their independence in accordance with the listing rules[74] Environmental, Social, and Governance (ESG) Initiatives - The company is committed to improving its environmental performance and reducing pollution during production processes[53] - The company has established an ESG governance framework consisting of the Board of Directors, an ESG working group, and executive departments to oversee and manage ESG-related activities[102] - The company aims to minimize its environmental impact through clean production and pollution control initiatives[109] - The company has implemented an ISO14001 environmental management system to ensure effective operation and continuous improvement in environmental management[109] - The company has a strong commitment to corporate social responsibility, focusing on resource conservation and environmental friendliness[101] Risk Management - The company has established a risk management and internal control system to identify, assess, and manage significant risks to achieve business objectives[86] - The internal audit department is responsible for reviewing the adequacy and effectiveness of the risk management and internal control systems, reporting to the board and audit committee[87] Supplier and Inventory Management - The company has set a maximum inventory level for long-cycle procurement items to mitigate supply risks and avoid inventory stagnation[126] - The company plans supplier capacity at 120% of production requirements to ensure alignment with production schedules[128] - The supplier management platform underwent an upgrade, enhancing collaboration efficiency and integrating data links with the QMS system[124] Audit and Compliance - The audit committee reviewed the company's financial statements and compliance with regulatory requirements for the year 2022[79] - The independent auditor's report confirms that the consolidated financial statements present a true and fair view of the group's financial performance[136] - The board of directors is responsible for preparing the financial statements and ensuring they are free from material misstatement due to fraud or error[143]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部份內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 LONKING HOLDINGS LIMITED 中國龍工控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：3339） 澄清公佈 茲提述中國龍工控股有限公司（「本公司」）日期為二零二三年三月二十八日之公佈（「業績 公佈」），內容有關為股東週年大會資格暫停辦理過戶登記手續。除文義另有所指外，本 公佈所用詞彙與業績公佈所界定者具有相同涵義。 本公佈旨在澄清業績公佈中的若干資料，內容如下： 業績公佈第34頁「暫停辦理過戶登記手續」一節應為： 「為確定有權出席本公司股東週年大會並於會上投票之股東（「股東週年大會資格」），所有 過戶文件連同有關股票必須於二零二三年五月二十二日（星期一）下午四時三十分前送達 本公司股份過戶登記分處香港中央證券登記有限公司以作登記，地址為香港灣仔皇后大 道東183號合和中心17樓1712-1716號舖。」 而非 「為確定有權出席本公司股東週年大會並於會上投票之股東（「股東週 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部份內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 LONKING HOLDINGS LIMITED 中國龍工控股有限公司* （於開曼群島註冊成立的有限公司） （股份代號：3339） 截至二零二二年十二月三十一日止年度的全年業績公佈 中國龍工控股有限公司（「本公司」）董事會（「董事會」）欣然宣佈本公司及其附屬公司（「本 集團」）截至二零二二年十二月三十一日止年度（「期間」）的綜合財務業績，連同二零二一 年同期的比較數字如下。 綜合損益表 截至二零二二年十二月三十一日止年度 | --- | --- | --- | --- | |--------------------------|-------|--------------------------|------------------------| | | | 二零二二年 | 二零二一年 | | | 附註 | 人民幣千元 | 人民幣千元 | | 收益 銷售成本 | 3 | 11,150,234 (9,283 ...

Financial Performance - The company's revenue for the six months ended June 30, 2022, was RMB 6,007,274 thousand, a decrease of 26.66% compared to RMB 8,191,260 thousand for the same period in 2021[7] - Operating profit dropped to RMB 107,930 thousand, down 89.51% from RMB 1,028,647 thousand year-on-year[7] - EBITDA attributable to equity holders was RMB 308,643 thousand, a decline of 75.97% from RMB 1,284,374 thousand in the previous year[7] - Basic earnings per share decreased to RMB 0.03, down 86.36% from RMB 0.22 in the same period last year[7] - Total comprehensive income for the period was RMB 85,082 thousand, compared to RMB 957,248 thousand in the same period last year[15] - The company reported a significant decline in pre-tax profit to RMB 163,487 thousand, down from RMB 1,101,954 thousand in the previous year[14] - Net profit for the period was approximately RMB 148 million, a decrease of RMB 797 million or 84.35% compared to RMB 945 million in the same period of 2021[75] Profitability Metrics - The gross profit margin for the period was 14.70%, down from 18.69%, reflecting a decrease of 3.99 percentage points[7] - Net profit margin fell to 2.46%, a decline of 9.07 percentage points from 11.53% in the previous year[7] - The company reported a pre-tax profit of RMB 134,798 thousand for the first half of 2022, down from RMB 164,078 thousand in the same period of 2021[36] - Other income decreased to RMB 26,680 thousand in 2022 from RMB 38,692 thousand in 2021, primarily due to a reduction in government grants[34] Asset and Liability Management - As of June 30, 2022, the total non-current assets amounted to RMB 3,960,974 thousand, compared to RMB 4,134,302 thousand as of December 31, 2021, reflecting a decrease of approximately 4.2%[16] - The total current assets were reported at RMB 11,859,406 thousand, down from RMB 12,467,915 thousand, indicating a decline of about 4.9%[16] - Current liabilities totaled RMB 5,559,540 thousand, a slight decrease from RMB 5,659,178 thousand, representing a reduction of approximately 1.8%[17] - The net asset value decreased to RMB 9,524,436 thousand from RMB 10,204,789 thousand, showing a decline of around 6.6%[18] - The total liabilities as of June 30, 2022, were RMB 6,295,944 thousand, slightly down from RMB 6,397,428 thousand at the end of 2021[31] Cash Flow and Liquidity - The operating cash flow before changes in working capital for the six months ended June 30, 2022, was RMB 417,176 thousand, compared to RMB 866,016 thousand for the same period in 2021, reflecting a significant decrease of approximately 52.1%[22] - The cash and cash equivalents increased to RMB 2,527,699 thousand from RMB 2,025,005 thousand, marking an increase of about 24.8%[16] - The cash and cash equivalents at the end of the period were RMB 2,527,699 thousand, a decrease of 21.9% from RMB 3,241,892 thousand at the end of 2021[24] - The total cash and cash equivalents, including time deposits, increased to RMB 3,216,035 thousand as of June 30, 2022, up from RMB 2,809,239 thousand as of December 31, 2021, reflecting a growth of 14.4%[51] Inventory and Receivables - Inventory turnover days decreased to 129 days, down from 140 days year-on-year[7] - The company reported a decrease in inventory, contributing to a cash flow improvement of RMB 880,614 thousand compared to RMB 50,822 thousand in the previous year[22] - The company experienced a decrease in trade receivables, which amounted to RMB 3,122,985 thousand, down from RMB 3,255,311 thousand, indicating a decline of approximately 4.1%[16] - Trade receivables as of June 30, 2022, were RMB 3,833,096 thousand, down from RMB 4,128,161 thousand at the end of 2021[42] Market and Sales Performance - Total sales of construction machinery for the first half of 2022 amounted to RMB 6,007,274 thousand, a decrease of 26.7% from RMB 8,191,260 thousand in the same period of 2021[32] - Wheel loaders accounted for 47.4% of total sales in 2022, generating RMB 2,847,877 thousand, compared to 47.6% and RMB 3,897,669 thousand in 2021[32] - Forklift sales increased to RMB 1,947,952 thousand, representing 32.4% of total sales, up from 25.5% in 2021[32] - Excavator sales revenue dropped by 56.5% to approximately RMB 550 million, down from RMB 1,264 million in the same period of 2021, accounting for 9.2% of total revenue[81] - Export sales increased significantly, with a sales proportion rising from 8.76% in the same period last year to 16.65%, and overseas sales revenue grew by 39.4%[76] Strategic Initiatives and Future Outlook - The company plans to continue expanding its market presence and product offerings in the construction machinery sector[24] - The company aims to enhance confidence and improve expectations by focusing on the sustainable and healthy development of core products such as loaders, excavators, forklifts, and road machinery[88] - The company plans to increase investment in product research and development and technology team building, emphasizing the application of new energy technologies in engineering machinery products[88] - Future outlook suggests a projected revenue increase of 20% for the next fiscal year, driven by new product launches and market expansion strategies[113] - The company has completed a strategic acquisition of a local competitor, expected to enhance operational efficiency and customer reach[113] Corporate Governance and Management - The board of directors believes that maintaining the dual role of the chairman and CEO is appropriate for ensuring policy continuity and business stability[97] - The company has adopted the corporate governance code and confirmed compliance with the standards for securities trading by directors[98] - The company has implemented improvements in its internal control system, focusing on procurement, supply chain management, and quality enhancement[99] - The company emphasizes high transparency in management and timely information disclosure as key factors for success[100] Employee and Investor Relations - The group employed approximately 7,687 employees as of June 30, 2022[110] - During the first half of 2022, the company received over 25 investor communication sessions due to reduced in-person visits caused by the COVID-19 pandemic[100]

Financial Performance - Revenue increased by 6.29% to RMB 13,690,520,000, reaching a historical high[8] - Net profit for 2021 was RMB 1,275,383,000, a decrease of 34.90% compared to the previous year[8] - EBITDA decreased by 34.15% to RMB 1,755,164,000, reflecting challenges in cost management[8] - In 2021, the company achieved a total revenue of RMB 13,691 million, an increase of RMB 811 million or 6.29% compared to RMB 12,880 million in 2020[15] - The company's net profit for the year was approximately RMB 1,275 million, a decrease of RMB 685 million or 34.92% from RMB 1,960 million in the previous year, primarily due to rising raw material prices[15] - The comprehensive gross profit margin decreased to 17.95%, down 5.42 percentage points from 23.37% in 2020[15] - The company reported a total comprehensive income of RMB 1,297,424 thousand for the year, down from RMB 1,993,372 thousand in 2020[149] - The company reported a total comprehensive income of RMB 1,297,381,000 for the year, compared to RMB 1,993,372,000 in the previous year[153] Cash Flow and Dividends - Cash flow from operating activities was RMB 517,000,000, with total cash and financial assets amounting to RMB 6,514,000,000[12] - Proposed dividend of RMB 0.22 per share, with a payout ratio of 60% of net profit[12] - The company declared a final dividend of HKD 0.22 per share for the year ended December 31, 2021, compared to a final dividend of HKD 0.33 per share for the previous year, totaling HKD 1,412 million (approximately RMB 1,187 million) for the prior year[37] - Declared dividends for the year amounted to RMB 1,186,910,000, reflecting a significant cash outflow from retained earnings[152] - The company paid dividends of RMB 1,186,910 thousand in 2021, an increase from RMB 976,062 thousand in 2020[155] Market Position and Sales - The company retained the largest market share in the domestic loader market and ranked among the top three in forklifts[12] - The sales volume of loaders maintained the industry-leading position, while forklift sales exceeded 75,000 units, solidifying a top-three position in the industry[13] - Export sales increased significantly by 74.04% to approximately RMB 1,504 million, compared to RMB 864 million in 2020[16] - The market share of forklifts increased to 25.7%, up 4.7% from the previous year, while excavator sales decreased to 13.7%, down 5.1% from 2020[15] - Wheel loader sales increased by 5.2% to approximately RMB 6,611 million, accounting for 48.3% of total sales[17] - Forklift sales rose by 29.7% to RMB 3,516 million, representing 25.7% of total sales[18] - Excavator sales decreased by 22.5% to RMB 1,873 million, making up 13.7% of total sales[19] Research and Development - The company focused on enhancing product quality and invested more in R&D, particularly in new energy loaders and forklifts[13] - R&D expenses increased by approximately RMB 44 million due to enhanced investment in electric forklift development[28] - The company will continue to increase investment in product research and development, focusing on four major product categories and core components to improve product structure and performance[30] - The company aims to enhance the level of product series and accelerate the transformation and upgrading of products, particularly in the development and application of new energy technologies[30] - The company plans to strengthen its digitalization and intelligent transformation efforts, increasing R&D expenditure and enhancing the overall level of its technical team[30] Risk Management and Corporate Governance - The company emphasized risk control and management innovation to ensure operational quality amid fierce market competition[13] - The board of directors is committed to maintaining high standards of corporate governance and transparency to enhance shareholder value[66] - The company has adopted a corporate governance code to ensure compliance with securities trading standards among directors[71] - The company aims to enhance its management practices to improve competitiveness and operational efficiency, ensuring sustainable development for greater shareholder returns[71] - The company has implemented a comprehensive budget management and performance evaluation system to monitor operational conditions and adjust management measures accordingly[86] Environmental and Social Responsibility - The company is committed to improving its environmental performance and reducing pollution during its production processes[52] - The company has established an ISO 14001 environmental management system to ensure effective operation and continuous improvement in environmental management[107] - The company aims to reduce the impact of its operations on the environment through clean production and pollution control initiatives[107] - The company has invested over 100 million in environmental governance over the past three years, achieving a 100% compliance rate for emissions standards[118] - The company has implemented a strict anti-corruption framework, ensuring compliance with internal and external regulations[135] Employee and Workforce Management - Employee count stood at 8,198 as of December 31, 2021, with an average monthly turnover rate of 1.46%[116] - The company offers over 1,000 training courses covering various modules, enhancing employees' professional knowledge and skills[120] - The company has achieved national secondary certification for safety production standardization, with 100% coverage of safety operation procedures across all positions[118] - The company strictly adheres to labor laws, ensuring no violations related to labor standards were found during the reporting period[121] Financial Position and Assets - Total assets as of December 31, 2021, amounted to RMB 16,602,217 thousand, compared to RMB 17,274,236 thousand in 2020[150] - Total current liabilities decreased to RMB 5,659,178,000 from RMB 7,095,283,000, representing a reduction of approximately 20.2% year-over-year[151] - Net current assets increased to RMB 6,808,737,000, up from RMB 6,108,074,000, reflecting a growth of about 11.4%[151] - Non-current liabilities totaled RMB 738,250,000, significantly up from RMB 84,678,000, marking an increase of approximately 769.5%[151] - Net asset value reached RMB 10,204,789,000, compared to RMB 10,094,275,000, showing a growth of about 1.1%[151] Audit and Compliance - The audit aimed to provide reasonable assurance that the financial statements are free from material misstatement due to fraud or error[146] - The company’s directors are responsible for preparing true and fair consolidated financial statements in accordance with applicable financial reporting standards[145] - The audit procedures were designed to identify and assess risks of material misstatement in the financial statements[146] - The external auditor, Ernst & Young, received approximately RMB 2.89 million for audit and review services for the year ended December 31, 2021, compared to RMB 2.76 million in 2020[79]