证券代码：688187（A 股） 证券简称：时代电气（A 股） 公告编号：2023-040 证券代码： 3898（H 股） 证券简称：时代电气（H 股） 株洲中车时代电气股份有限公司 关于参加 2023 年半年度高端装备行业 集体业绩说明会的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： （http://roadshow.sseinfo.com/） 投资者可于 2023 年 9 月 6 日(星期三)16:00 前通过邮件、电话、传真等 形式将需要了解和关注的问题提前提供给公司。公司将以适当方式对投资者普遍 关注的问题进行回答。 株洲中车时代电气股份有限公司（以下简称"公司"）已于 2023 年 8 月 22 日发布公司 2023 年半年度报告，为便于广大投资者更全面深入地了解公司 2023 年半年度经营成果、财务状况、发展理念，公司参与了由上交所主办的 2023 年 半年度高端装备行业集体业绩说明会，此次活动将采用视频和网络文字互动的方 式举行，投资者可登录上海证券交易所上证路演中心 会议线上交流时间 ...

Financial Performance - The company's operating revenue for the first half of 2023 reached ¥8,570,210,633, representing a 31.31% increase compared to ¥6,526,910,740 in the same period last year[19]. - Net profit attributable to shareholders for the first half of 2023 was ¥1,154,168,154, up 32.52% from ¥870,961,499 in the previous year[20]. - The net profit after deducting non-recurring gains and losses increased by 50.33%, amounting to ¥928,692,585 compared to ¥617,782,749 in the same period last year[20]. - The company's total assets as of June 30, 2023, were ¥50,389,952,338, reflecting a 3.88% increase from ¥48,509,554,784 at the end of the previous year[20]. - The net assets attributable to shareholders increased by 1.27%, reaching ¥34,968,786,765 compared to ¥34,530,700,003 at the end of the previous year[20]. - The net cash flow from operating activities for the first half of 2023 was -¥468,059,212, slightly worse than -¥442,798,854 in the same period last year[20]. - The company's operating revenue increased by 31.31% year-on-year, primarily due to growth in the emerging equipment industry[21]. - Net profit attributable to shareholders increased by 32.52% year-on-year, driven by revenue growth leading to increased operating profit[21]. - Basic and diluted earnings per share rose by 32.79% year-on-year, reflecting the growth in net profit attributable to shareholders[21]. - The weighted average return on net assets increased by 0.65 percentage points to 3.28%[21]. Research and Development - Research and development expenditure as a percentage of operating revenue decreased by 1.18 percentage points to 9.97%[21]. - The company achieved a total R&D investment of approximately ¥854.58 million, representing a 17.46% increase compared to ¥727.53 million in the previous year[52]. - The proportion of R&D investment to operating income decreased to 9.97% from 11.15% in the previous year[52]. - The company has developed a new generation of IGBT chip products across all voltage levels, enhancing its product offerings in power electronics[47]. - The company has successfully developed over 50 sets of big data platform products for urban rail and railway sectors, focusing on data integration, governance, processing, storage, and sharing[41]. - The company has made significant advancements in high-performance edge computing and multi-sensor fusion technologies, leading to the development of an intelligent perception application platform[25]. - The company has developed a new SiC integrated motor drive system that reduces device weight by over 30% and meets the performance requirements for metro systems operating at 1500V[58]. - The company is focusing on expanding its market presence through the engineering application of intelligent driving technology in heavy-duty locomotives[59]. - The company has established a comprehensive R&D system with over 20 laboratories, enhancing its continuous innovation capabilities across various business areas[64]. Market Expansion and Strategy - The company is expanding into new markets outside of rail transit, including power semiconductor devices and new energy vehicle drive systems[28]. - The national "dual carbon" strategy is expected to create significant growth opportunities in the new energy market, valued in the hundreds of billions[32]. - The company aims to provide comprehensive solutions for rail transit equipment, emphasizing smart and low-carbon technologies[30]. - The company is actively pursuing mergers and acquisitions to strengthen its market position and expand its technological portfolio[182]. - The company is expanding its overseas operations, facing challenges from international trade policies and local economic conditions[80]. - The company is committed to enhancing its core competitiveness through innovative product designs and advanced cooling technologies[58]. - The company plans to establish over 25 new production lines in the sensor segment, aiming for mass production of new chips[72]. - The company is focusing on expanding its market presence and enhancing product development in the upcoming quarters[198]. Environmental and Social Responsibility - The company achieved 100% compliance in wastewater, waste gas, and noise emissions during the first half of 2023[119]. - The company processed 49.99 million tons of wastewater and reused 9.19 million tons in the first half of 2023[115]. - The company has engaged in outdoor environmental awareness activities in collaboration with local environmental departments[124]. - The company is committed to carbon management, conducting carbon emission checks and developing carbon neutrality plans[127]. - The company has successfully produced the first batch of "green hydrogen" at a national-level 10,000-ton new energy hydrogen production project[126]. - The company has established an emergency response plan for environmental incidents and has completed the necessary filings with local environmental authorities[118]. Corporate Governance and Compliance - The board of directors confirmed that the financial report is true, accurate, and complete, with no significant omissions[4]. - The report includes a forward-looking statement risk declaration, indicating that future plans and strategies do not constitute a commitment to investors[6]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[6]. - The company has committed to maintaining a healthy capital ratio to support business development and maximize shareholder value[100]. - The company will strictly adhere to laws regarding related party transactions, ensuring fair pricing and protecting the rights of shareholders[150]. - The company has established long-term commitments regarding the fulfillment of public promises made in the prospectus, with specific measures outlined for violations[147]. - The company will publicly disclose reasons for any failure to fulfill commitments regarding share repurchase[138]. - The company has a long-term commitment to ensure the accuracy and completeness of its financial disclosures and will face civil liability for any misleading information[140]. Shareholder Information - The total number of shares outstanding is 1,416,236,912, with 758,570,493 shares under unrestricted conditions, representing 53.56% of total shares[189]. - The company has 20,088 total shareholders as of the end of the reporting period, with 19,011 A-share holders and 1,077 H-share holders[195]. - The largest shareholder, CRRC Zhuzhou Electric Locomotive Co., Ltd., holds 589,585,699 shares, representing 41.63% of total shares[198]. - The report indicates that there were no changes in earnings per share or net asset per share due to share changes after the reporting period[191]. - The report emphasizes the importance of maintaining a diversified shareholder base to mitigate risks associated with ownership concentration[198].

Financial Performance - The company reported its unaudited interim results for the six months ending June 30, 2023[1]. - The company's operating revenue for the first half of 2023 reached CNY 8,570,210,633, representing a year-on-year increase of 31.31%[16]. - Net profit attributable to shareholders increased by 32.52% year-on-year, amounting to CNY 1,154,168,154, driven by revenue growth[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses rose by 50.33% year-on-year, totaling CNY 928,692,585[18]. - Basic and diluted earnings per share increased by 32.79% to CNY 0.81[17]. - Total assets at the end of the reporting period were CNY 50,389,952,338, reflecting a year-on-year increase of 3.88%[16]. - The rail transportation equipment business generated revenue of RMB 4.69 billion, growing by 1.97%, while the emerging equipment business saw revenue of RMB 3.75 billion, an increase of 105.13%[94]. - The company achieved a total R&D investment of CNY 854,577,771, representing a 17.46% increase compared to the previous year[48]. Corporate Governance - The report indicates that there are no significant risks or governance issues affecting the accuracy of the financial statements[3]. - The company confirms that all directors attended the board meeting to ensure the report's integrity[4]. - The company is committed to enhancing corporate governance and transparency to maximize long-term shareholder value[122]. - The company has established an effective corporate governance structure and regularly reviews its internal controls and governance mechanisms[122]. - Independent non-executive directors were present at the annual general meeting held on June 27, 2023, ensuring comprehensive understanding of shareholder opinions[123]. - The company continues to comply with the Hong Kong Stock Exchange's corporate governance codes and regulations[122]. Research and Development - Research and development expenses accounted for 9.97% of operating revenue, a decrease of 1.18 percentage points compared to the previous year[17]. - The company has established a robust R&D system with over 20 laboratories covering various business areas, enhancing its continuous innovation capabilities[72]. - The company has developed a new generation of IGBT chip products across all voltage levels[46]. - The company has achieved breakthroughs in advanced motor control technology based on direct torque control, including sensorless motor control and AI-based fault prediction and diagnosis[30]. - The company has successfully delivered over 50 big data platform products in the urban rail and railway sectors, enhancing data integration, governance, and processing capabilities[22]. - The company has made significant progress in the development of new materials and technologies for track engineering, focusing on structural strength and vibration reduction[34]. Market Strategy and Expansion - The company aims to expand its market presence in the rail transit sector while maintaining a focus on high-quality operations and efficiency[22]. - The company is actively expanding into industries outside rail transit, including power semiconductor devices and new energy vehicle drive systems, aligning with national strategies for carbon neutrality[23][28]. - The company has successfully entered overseas markets in Asia and the Americas, capitalizing on the growing demand for freight and passenger services[82]. - The company is committed to continuous monitoring of industry dynamics and enhancing risk assessment for overseas projects[93]. Environmental Commitment - The company achieved 100% compliance in wastewater, waste gas, and noise emissions during the first half of 2023, with all hazardous waste disposed of in accordance with regulations[138]. - The company has implemented energy-saving measures that achieved a 15% energy-saving rate in the Wenzhou S2 permanent magnet traction system project, marking it as the first large-scale project of its kind in the domestic market[141]. - The company is actively responding to the national "dual carbon" strategy by developing new products and technologies aimed at reducing carbon emissions[142]. - The company has established a comprehensive energy system in the Tianxin Industrial Park, focusing on the integration of solar and storage systems to reduce carbon emissions from electricity[142]. Shareholder Commitments - The company reported a commitment to maintain the accuracy and completeness of its information disclosure materials, ensuring no false statements or significant omissions[160]. - The company has committed to transparency and accountability in its financial reporting and disclosures[160]. - The company will bear legal responsibility for any inaccuracies in the prospectus that lead to losses for shareholders and the public[163]. - The company has established specific measures for stabilizing stock prices, including share buybacks and increases by directors and senior management[150]. - The company will ensure that any illegal gains from share reductions will be returned to the company, and any non-compliance will result in withholding of cash dividends equivalent to the illegal gains[147]. Investment and Financial Assets - Cash and cash equivalents at the end of the period amounted to CNY 7,449,097,496, accounting for 14.78% of total assets, a decrease of 0.68% compared to the previous year[98]. - The total amount of external equity investments at the end of the period was CNY 739,792,759, up 20.05% from CNY 616,224,407 at the beginning of the year[103]. - The company approved an investment of CNY 1,107,990,000 for the new energy passenger vehicle electric drive system and key components manufacturing base project, which is currently under implementation[104]. - The company's leverage ratio was reported at 13.69%, which is below the policy limit of 30%[113]. Risk Management - The company faces risks from international trade policies and local political and economic environments affecting overseas operations[92]. - The company has faced challenges in overseas operations due to international political events and supply chain issues, necessitating improved risk management strategies[88]. - The company is committed to continuous innovation and improving product competitiveness to address the increasing market competition in the new energy vehicle components sector[90].

株洲中车时代电气股份有限公司 关于中国中车香港资本管理有限公司的风险持续 评估报告 株洲中车时代电气股份有限公司（以下简称"公司"或"本公司"）通过查 验中国中车香港资本管理有限公司（以下简称"香港资本公司"）相关证件资料， 并查阅了香港资本公司 2023 半年度财务报告及相关数据指标，并进行相关的风 险评估，出具本风险持续评估报告。 一、香港资本公司基本情况 香港资本公司是经香港特别行政区公司注册处批准成立的公司，成立于 2010 年 8 月。香港资本公司的实收资本为人民币 350,357 万元, 现持公司注册 处核发的《放债人牌照》，牌照号码为 MLR4629。 香港资本公司经营范围包括：吸收成员企业存款；办理成员企业贷款；办理 成员企业代理支付；提供成员企业财务咨询业务；从事投资业务及资产管理业务。 截至本风险持续评估报告出具之日，中国中车股份有限公司持有香港资本公 司 100.00%股权。 二、香港资本公司内部控制的基本情况 （一）控制环境 香港资本公司已根据《香港公司法》、其《公司章程》及其《董事会议事规 则》的有关规定，建立党工委会、董事会及总经理办公会。党工委会把方向、管 大局，董事会定战略、做 ...

证券代码：688187（A 股） 证券简称：时代电气（A 股） 公告编号：2023-036 证券代码： 3898（H 股） 证券简称：时代电气（H 股） 株洲中车时代电气股份有限公司 2023 年半年度募集资金存放与实际使用情况 的专项报告 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、准确性和完整性依法承担法律责任。 株洲中车时代电气股份有限公司（以下简称"时代电气"、"本公司"或"公司") 根据中国证券监督管理委员会（以下简称"证监会"）《上市公司监管指引第2号—— 上市公司募集资金管理和使用的监管要求》（证监会公告〔2022〕15号）及《上海 证券交易所科创板上市公司自律监管指引第1号——规范运作》（上证发〔2022〕 14号）的规定，编制了2023年半年度募集资金存放与实际使用情况的专项报告。现 将2023年半年度募集资金存放与实际使用情况专项报告如下： 一、募集资金基本情况 （一） 实际募集资金金额和资金到位时间 经中国证券监督管理委员会《关于同意株洲中车时代电气股份有限公司首次公 开发行股票注册的批复》（证监许可[2021]2112 号）核准 ...

证券代码：688187（A 股） 证券简称：时代电气（A 股） 公告编号：2023-037 证券代码： 3898（H 股） 证券简称：时代电气（H 股） 株洲中车时代电气股份有限公司 关于使用部分暂时闲置募集资金进行现金 管理的公告 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、准确性和完整性依法承担法律责任。 株洲中车时代电气股份有限公司（以下简称"公司"或"时代电气"）于 2023 年 8 月 22 日召开第七届董事会第三次会议、第七届监事会第二次会议，审议通过 了《关于使用部分暂时闲置募集资金进行现金管理的议案》，同意公司在不影响募 集资金投资项目建设进度、不影响公司正常经营及确保资金安全的情况下，对部分 暂时闲置募集资金进行现金管理，使用额度不超过人民币 320,000 万元（包含本数） （如无特别说明，本公告所指币种均为人民币）的暂时闲置募集资金购买安全性高、 流动性好、有保本约定的现金管理产品（包括但不限于购买结构性存款、大额存单、 定期存款、通知存款等），使用期限自公司董事会审议通过之日起 12 个月之内有效。 在前述额度及使用期限范围内， ...

Financial Performance - The company's operating revenue for Q1 2023 reached ¥3,085,430,376, representing a year-on-year increase of 21.25%[2] - The net profit attributable to shareholders was ¥435,102,884, reflecting a growth of 27.61% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥318,259,814, which is an increase of 50.32% year-on-year[2] - The basic earnings per share for the period was ¥0.31, up by 29.17% from the previous year[2] - Total operating revenue for Q1 2023 reached RMB 3,085,430,376, a 21.3% increase from RMB 2,544,581,793 in Q1 2022[14] - Net profit for Q1 2023 was RMB 447,445,309, representing a 30.5% increase compared to RMB 342,969,051 in Q1 2022[16] - Total profit for Q1 2023 was RMB 470,748,569, up from RMB 383,294,882 in Q1 2022, marking a 22.8% increase[16] - The company achieved an operating profit of RMB 467,783,206 in Q1 2023, an increase from RMB 380,757,018 in Q1 2022, representing a growth of 22.9%[16] Revenue Breakdown - Revenue from emerging equipment products surged to RMB 1.563 billion, up 113.72% from RMB 731 million year-on-year[9] - Revenue from power semiconductor devices reached RMB 681 million, reflecting an 81.22% increase compared to RMB 375 million in the previous year[9] - Revenue from industrial converters increased significantly by 322.32%, reaching RMB 252 million from RMB 60 million year-on-year[9] - Revenue from rail transit equipment products declined to RMB 1.475 billion, a decrease of 16.67% from RMB 1.771 billion year-on-year[9] Expenses and Costs - Total operating costs for Q1 2023 were RMB 2,753,153,062, up 23.0% from RMB 2,237,786,117 in Q1 2022[14] - Research and development expenses totaled ¥388,491,935, accounting for 12.59% of operating revenue, which is an increase of 0.41 percentage points[3] - Research and development expenses for Q1 2023 amounted to RMB 371,341,436, an increase of 23.4% from RMB 300,897,837 in Q1 2022[16] Cash Flow - The net cash flow from operating activities was negative at -¥1,272,174,259, which is not applicable for year-on-year comparison[2] - Cash inflow from operating activities in Q1 2023 was RMB 2,661,683,907, significantly higher than RMB 1,434,374,703 in Q1 2022[18] - The net cash outflow from operating activities was CNY 1,272,174,259, slightly improved from CNY 1,276,651,036 in the previous year[19] - Cash inflow from investment activities totaled CNY 6,482,341,871, an increase from CNY 4,885,219,926 year-over-year[19] - The net cash flow from investment activities was CNY 209,674,902, a significant recovery from a net outflow of CNY 979,437,075 in the previous year[19] - Cash inflow from financing activities was CNY 183,172,379, compared to CNY 2,797,907 in the same period last year[19] - The net cash flow from financing activities was CNY 926,876, a recovery from a net outflow of CNY 50,536,531 in the previous year[19] Shareholder Information - The company reported a total of 19,224 common shareholders at the end of the reporting period[6] - The largest shareholder, CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd., holds 41.63% of the shares[6] - The number of A-share shareholders was 18,138, while H-share registered shareholders numbered 1,086 as of the end of the reporting period[8] Assets and Liabilities - The total assets at the end of the reporting period were ¥49,146,099,383, a 1.31% increase from the end of the previous year[3] - The company's total assets amounted to RMB 49.146 billion, compared to RMB 48.510 billion at the end of the previous year[12] - The total liabilities of the company were RMB 13.389 billion, slightly up from RMB 13.214 billion year-on-year[13] - The company's cash and cash equivalents stood at RMB 6.744 billion, down from RMB 7.500 billion at the end of the previous year[11] - The company reported a net profit of RMB 20.295 billion in retained earnings, an increase from RMB 19.860 billion year-on-year[13] Other Financial Metrics - The weighted average return on equity increased by 0.22 percentage points to 1.26%[3] - Other comprehensive income after tax for Q1 2023 was RMB 14,513,550, down from RMB 18,666,404 in Q1 2022[17] - The company paid CNY 532,594,115 to employees, an increase from CNY 397,095,900 in the previous year[19] - The company reported tax payments of CNY 406,074,473, compared to CNY 263,381,777 in the previous year[19] - Cash outflow for investment activities was CNY 6,272,666,969, an increase from CNY 5,864,657,001 year-over-year[19] - The total cash and cash equivalents at the end of the period stood at CNY 6,014,183,114, up from CNY 5,575,695,048 year-over-year[19]

B_table indent_4.5 mm N_table indent_4 mm 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之內容概不負責， 對其準確性或完整性亦不作任何聲明，並明確表示概不就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。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：3898） 2023年第一季度報告 本公告乃根據香港法例第571章證券及期貨條例第XIVA部項下內幕消息條文及香 港聯合交易所有限公司證券上市規則第13.09(2)和第13.10B條的要求作出。 株洲中車時代電氣股份有限公司（「本公司」）之董事會（「董事會」）欣然公佈本公司 及其附屬公司（「本集團」）截至2023年3月31日止第一季度期間按照中國企業會計準 則編製的未經審計財務資料（詳見下文）。 本公告分別以中、英文兩種語言編訂，如中英文版本有任何不一致，以中文版本為 準。 承董事會命 李東林 董事長 中國株洲，2023年4月28日 ...

Financial Performance - The company achieved operating revenue of RMB 18.034 billion, a year-on-year increase of 19.26%[112]. - Net profit attributable to the parent company was RMB 2.556 billion, reflecting a year-on-year growth of 26.67%[111]. - Basic earnings per share increased to RMB 1.80, up 10.43% compared to the previous year[111]. - The total assets at the end of the reporting period reached RMB 48.510 billion, a growth of 9.87% from the beginning of the period[111]. - Revenue from emerging equipment products surged to RMB 5.147 billion, a remarkable increase of 100.09% year-on-year[118]. - Revenue from rail transit equipment products was RMB 12.656 billion, showing a modest growth of 3.30% year-on-year[119]. - Gross profit margin for emerging equipment business improved by 5.66 percentage points to 25.71%[121]. - Operating cash flow net amount decreased by 5.07% year-on-year, remaining relatively stable[114]. - Research and development expenses rose to RMB 1.762 billion, an increase of 4.25% year-on-year[114]. Strategic Focus and Development - The company is focusing on opportunities in "intelligent, digital, and green" development, aligning with national strategies to enhance operational quality[21]. - The company is committed to high-quality development, focusing on enhancing profitability and leveraging technological innovation as a core management task[27]. - The company aims to enhance its operational resilience and adaptability to complex business environments through various strategic initiatives[25]. - The company is actively pursuing opportunities in the energy market transformation under the "dual carbon" strategy, focusing on semiconductor and new energy generation sectors[27]. - The company emphasizes the importance of collaborative efforts across technology, market, management, and supply chain to achieve stable growth[27]. Research and Development - The company has filed over 500 patents and received multiple awards, including a silver medal at the 2021 China Patent Awards and a first-class award in Hunan Province[23]. - Research and development expenses accounted for 10.24% of operating revenue in 2022, down from 11.81% in 2021[33]. - The company has established a robust R&D system with over 20 laboratories, enhancing its continuous innovation capabilities in product design, manufacturing, and testing[94]. - The company has obtained a total of 3,588 patent authorizations, including 2,048 invention patents, and has participated in setting 48 international standards and 149 domestic standards[95]. Market Position and Competition - The company has maintained a leading position in the domestic traction conversion system market, with a market share that has ranked first for eleven consecutive years from 2012 to 2022 in the urban rail sector[51]. - The company achieved a market share of 12.4% in the passenger car power module segment, ranking among the top four in the industry in 2022[52]. - The company entered the top six in the new energy vehicle electric drive industry in 2022, facing intense competition from companies like Nidec Corporation and Shenzhen Inovance Technology Co., Ltd.[144]. - The photovoltaic inverter market is dominated by a few companies, with market shares exceeding 80% held by Huawei Technologies Co., Ltd., Sungrow Power Supply Co., Ltd., and others[144]. Operational Efficiency and Management - The company has implemented market-oriented talent recruitment and management reforms to boost employee motivation and engagement[26]. - The company has established a long-term tracking mechanism for market project information to effectively maintain customer relationships[104]. - The company has established governance measures to protect non-controlling interests, including independent management teams for transaction reviews[172]. - The company provides a harmonious and professional working environment for employees, ensuring reasonable compensation and regular updates to policies regarding remuneration, benefits, training, and occupational health and safety[194]. Investment and Financial Strategy - The company plans to distribute a cash dividend of RMB 5.5 per 10 shares, totaling approximately RMB 778.93 million, which accounts for 30.48% of the net profit attributable to shareholders for 2022[1]. - The company has approved an investment of approximately RMB 1.11 billion for the industrialization of medium and low voltage power devices, with specific projects in Yixing and Zhuzhou[138]. - The company aims to strengthen its influence in the third-generation semiconductor industry through strategic investments and capacity enhancements[137]. - The company invested RMB 250 million in a joint venture for electric drive systems, holding a 50% stake funded by its own capital[136]. Challenges and Risks - The company faces risks related to core competitiveness, requiring continuous R&D investment in new technologies and products to adapt to market demands and industry trends[103]. - Financial risks are heightened due to international operations, with currency fluctuations potentially leading to increased asset losses and costs[106]. - The international business environment is increasingly complex, with geopolitical events and supply chain issues impacting overseas operations[104]. - The company is expanding into the new energy sector, facing competition and uncertainties in technology, customer acceptance, and cost control[109]. Corporate Governance and Compliance - The company has complied with applicable laws and regulations, ensuring no significant violations or non-compliance that would materially impact its business and operations during the year[193]. - The audit committee reviewed the company's annual performance and audited consolidated financial statements for the year ending December 31, 2022[188]. - The company has established appropriate liability insurance for its directors, supervisors, and senior management to cover responsibilities arising from corporate activities[163]. - The company has not reported any significant changes in business, products, or services during the reporting period[126].

Financial Performance - The company achieved operating revenue of RMB 18.034 billion, a year-on-year increase of 19.26% driven by growth in the emerging equipment sector[114]. - Net profit attributable to the parent company was RMB 2.556 billion, reflecting a year-on-year growth of 26.67%[113]. - Basic earnings per share increased to RMB 1.80, up 10.43% compared to the previous year[113]. - The total assets at the end of the reporting period reached RMB 48.510 billion, a growth of 9.87% from the beginning of the period[113]. - Revenue from emerging equipment products surged to RMB 5.147 billion, a remarkable increase of 100.09% year-on-year[120]. - Revenue from rail transit equipment products was RMB 12.656 billion, showing a modest growth of 3.30% year-on-year[121]. - Gross profit margin for the emerging equipment business improved by 5.66 percentage points to 85.93%[123]. - Operating cash flow decreased by 5.07% year-on-year, amounting to RMB 2.041 billion[114]. - The company reported a significant increase in financial income, with net financial expenses improving by 158.65% year-on-year[116]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 5.5 per 10 shares, totaling approximately RMB 778.93 million, which accounts for 30.48% of the net profit attributable to shareholders for the year 2022[3]. - The board of directors has approved the profit distribution plan, pending approval from the annual general meeting of shareholders[3]. Corporate Governance - The company does not have any special arrangements for corporate governance[4]. - There are no non-operating fund occupation situations by controlling shareholders or related parties[4]. - The company has not violated any decision-making procedures for external guarantees[4]. - The company has confirmed that there are no significant risks related to the accuracy and completeness of the annual report[3]. - The audit report issued by BDO China Shu Lun Pan Certified Public Accountants LLP is a standard unqualified opinion[3]. Research and Development - Research and development expenses accounted for 10.24% of operating revenue in 2022, down from 11.81% in 2021[35]. - The company filed over 500 patents and received multiple awards, including a silver award for patents in China and 15 approved national key R&D projects[25]. - The company has developed a comprehensive set of proprietary technologies in power semiconductor, including 6-inch bipolar devices, 8-inch IGBT, and 6-inch silicon carbide[54]. - The company has established a robust R&D system with over 20 laboratories, enhancing its continuous innovation capabilities in product design, manufacturing, and testing[96]. - The total number of granted invention patents reached 2,048, with 305 granted in the current year[76]. Market Position and Strategy - The company maintained its leading position in rail transit traction systems, with significant growth in new energy-related businesses such as power semiconductors and electric drive systems for passenger vehicles[24]. - The company aims to leverage the "dual carbon" strategy to enhance its market share in power semiconductors and new energy vehicles in 2023[29]. - The company is actively expanding its overseas business, securing multiple cross-platform maintenance orders in Europe and America[42]. - The company is focusing on market expansion through new product development and technological advancements in the rail transport sector[78]. - The company is committed to becoming the global preferred supplier of comprehensive solutions for electrical systems in the transportation and energy sectors[147]. Innovation and Technology - The company has successfully developed a range of specialized rail engineering machinery, including rail grinding vehicles and comprehensive detection vehicles, enhancing operational efficiency in railway maintenance[63]. - The company has launched new products including power supply systems and inspection robots, which have received orders, indicating successful innovation efforts[42]. - The company has made significant advancements in autonomous driving technology for locomotives, completing successful tests on heavy-load lines[42]. - The company has developed key technologies for electromagnetic compatibility testing, enhancing the performance of electrical devices in rail transportation[30]. - The company has achieved breakthroughs in advanced packaging technologies, enabling high-performance IGBT devices and SiC devices for applications in locomotives, urban rail, and renewable energy sectors[64]. Risk Management - The company faces risks related to core competitiveness, requiring continuous investment in new technology and product development to meet market demands[105]. - Financial risks are heightened due to international operations, with currency fluctuations potentially leading to increased asset losses and costs[108]. - The company has established a risk management mechanism to address potential challenges in overseas projects and market expansion[106]. - The management team emphasizes the importance of strengthening market research and innovation capabilities to enhance product quality and competitiveness[105]. Employee and Talent Management - The company provides a harmonious and professional working environment for employees, ensuring reasonable compensation[196]. - The number of R&D personnel increased to 2,822, representing 35.30% of the total workforce, with an average salary of 29.96 thousand RMB[90]. - The average salary for R&D personnel increased from 28.62 thousand RMB to 29.96 thousand RMB, reflecting the company's commitment to talent retention[90]. Customer and Supplier Relations - The company maintains strong relationships with key customers, primarily focusing on CRRC Group's main manufacturing plants and various railway bureaus, ensuring high customer satisfaction and engagement through dedicated account management[197]. - The company emphasizes strategic procurement and long-term partnerships with suppliers, resulting in low overall supply risk and minimal dependency on single suppliers[198]. - No significant disputes occurred with either customers or suppliers during the reporting period[197][198]. Future Outlook - In 2023, the company aims to enhance profitability through digital transformation and management improvement, emphasizing quality innovation and coordinated growth in scale and efficiency[148]. - The company is focusing on developing low-carbon integrated solutions in response to the national "dual carbon" strategy, which is expected to create significant market opportunities[146].