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， ...

二、中车财务公司内部控制的基本情况 （一）控制环境 中车财务公司已根据《中华人民共和国公司法》《企业集团财务公司管理办 法》及其《公司章程》的有关规定，建立了股东会、董事会、监事会三权分立的 现代企业法人治理结构，并对董事会、监事会、高级管理层在内部控制中的责任 进行了明确界定。股东会是公司最高决策机构，董事会决定公司重大事项，对股 东会负责。监事会为中车财务公司经营活动的监督机构。高级管理层负责中车财 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 验中车财务有限公司（以下简称"中车财务公司"）相关证件资料，并查阅了中 车财务公司 2023 年半年度财务报告及相关数据指标，并进行相关的风险评估， 同时对其《金融许可证》和《企业法人营业执照》的合法有效性进行了查验，出 具本风险持续评估报告。 一、中车财务公司基本情况 株洲中车时代电气股份有限公司 关于中车财务有限公司的风险持续评估报告 中车财务公司是经中国银行保险监督管理委员会（现为国家金融监督管理总 局）批准成立的非银行金融机构，成立于 2012 年 11 月。中车财务公司统一社会 信用代码为 911100000573064301，注册 ...

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].

Financial Performance - The company achieved a revenue of RMB 18.034 billion in 2022, representing a year-on-year growth of 19.26% driven by the emerging equipment sector[63]. - The net profit attributable to the parent company was RMB 2.556 billion, an increase of 26.67% compared to the previous year[63]. - The basic earnings per share rose to RMB 1.80, reflecting a growth of 10.43% year-on-year[63]. - The total assets at the end of the reporting period reached RMB 48.510 billion, a 9.87% increase from the beginning of the period[63]. - The company's equity attributable to shareholders was RMB 34.531 billion, up 5.85% from the start of the period[64]. - The gross profit for 2022 was RMB 5.895 billion, up 15.54% from RMB 5.102 billion in the previous year, driven by revenue growth[67]. - The company reported a decrease in other business revenue to RMB 230 million, down 22.59% from RMB 297 million in the previous year[67]. - The company reported a significant increase in revenue, achieving a total of 50 billion yuan for the year, representing a year-over-year growth of 15%[106]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 5.5 per 10 shares, totaling approximately RMB 778.93 million, which represents 30.48% of the net profit attributable to shareholders for 2022[3]. - The cash dividend for 2021, including the semi-annual distribution, accounted for 63.17% of the net profit attributable to shareholders[144]. - The cash dividend distribution plan for 2022 is pending approval from the annual shareholders' meeting[144]. - The company emphasizes shareholder returns while maintaining sustainable development, adhering to regulatory requirements for profit distribution[144]. Research and Development - The total R&D investment for the year reached ¥1,846,668,786, an increase of 3.43% compared to the previous year[42]. - The proportion of R&D investment to operating income decreased by 1.57 percentage points to 10.24%[42]. - The company completed the development and debugging of the 3000HP hybrid locomotive core product, pioneering the three-segment line control technology for hybrid locomotives[39]. - The company has invested 500 million yuan in new technology research and development initiatives[108]. - The company launched a fully autonomous signal system, completing field trials in Ningbo, marking a significant step towards engineering application[39]. - The company applied for 565 patents in 2022, with 443 patents granted, including 305 invention patents[185]. Market Position and Strategy - The company aims to enhance its multi-industry management capabilities and accelerate digital transformation to adapt to the complexities of its expanding business[62]. - The company is actively expanding into new markets, including power semiconductor devices, industrial conversion products, and sensor technology, to create new growth points[26]. - The company aims to provide comprehensive solutions in the electrical systems for transportation and energy sectors, enhancing user experience and competitive advantages through continuous innovation[28]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share within the next two years[106]. - The company has established deep cooperation with owners in certain regions, achieving market success in cities like Chengdu and Xi'an[92]. Corporate Governance - The board of directors and supervisory board members have confirmed the authenticity, accuracy, and completeness of the annual report[2]. - The company has established a comprehensive internal control system to monitor financial, operational, compliance, and risk management aspects[147]. - The company has maintained a focus on innovation and technology through its leadership in research and development initiatives[115]. - The company’s governance structure supports its strategic goals, with board members holding key positions in related industries, facilitating synergy and collaboration[112]. - The company has a governance structure with 6 independent directors, ensuring the protection of shareholder interests[175]. Environmental and Social Responsibility - The company invested over 5.19 million RMB in environmental protection during the reporting period[151]. - The company achieved 100% compliance in wastewater, waste gas, and noise emissions, as well as hazardous waste disposal in 2022[158]. - The company established a "dual carbon" working group to promote carbon reduction initiatives and enhance clean energy usage[163]. - The company organized a tree planting activity with over 100 participants, planting more than 200 saplings[174]. - The company has implemented carbon reduction measures, including the use of clean energy and energy-saving technological upgrades[168]. Risk Management - The management has provided a risk statement regarding forward-looking statements in the report[4]. - The company plans to strengthen its overseas market strategies and improve risk management in response to international trade uncertainties[60]. - The company has established a clear framework for compliance with lock-up commitments to mitigate risks associated with share price volatility[189]. Employee and Talent Management - The total number of employees in the parent company and major subsidiaries is 7,994, with 1,673 holding master's degrees or higher[140]. - The company has implemented a comprehensive compensation management system to enhance talent incentives and performance management[141]. - The company conducted over 20 key training sessions, covering more than 1,000 employees, including 600 new recruits and 300 international talents[142]. - The company actively promotes democratic participation among employees, with 147 representatives involved in decision-making processes[177]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 12% to 15%[106]. - Future guidance includes a focus on sustainability initiatives, aiming to reduce carbon emissions by 20% by 2025[106]. - The company plans to increase its workforce by 10% in 2023 to support growth initiatives and enhance operational efficiency[109].

Financial Performance - The company's operating revenue for Q3 2022 was RMB 4,348,687,608, representing a year-on-year increase of 34.72%[4] - The net profit attributable to shareholders for Q3 2022 was RMB 691,671,687, reflecting a growth of 36.40% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 520,650,666, with a year-on-year increase of 34.60%[4] - The basic earnings per share for Q3 2022 was RMB 0.49, an increase of 13.95% compared to the same period last year[5] - The company achieved a revenue of RMB 10.876 billion in the first three quarters of 2022, representing a year-on-year growth of 27.56% compared to RMB 8.526 billion in the same period last year[11] - Net profit attributable to shareholders of the parent company was CNY 1,562,633,186, up from CNY 1,202,338,313, representing a growth of 30% year-over-year[18] - The company reported a net profit margin improvement, with total profit reaching CNY 1,837,441,814 compared to CNY 1,323,791,120 in the previous year, an increase of approximately 38.7%[38] Research and Development - The total R&D investment for Q3 2022 was RMB 387,887,195, which accounted for 8.92% of operating revenue, a decrease of 4.04 percentage points from the previous year[5] - Research and development expenses for the first three quarters were CNY 1,069,633,505, slightly up from CNY 1,045,089,759, showing a commitment to innovation[17] - Research and development expenses totaled CNY 387,887,195 in Q3 2022, accounting for 8.92% of operating revenue, a decrease of 4.04 percentage points year-over-year[26] Assets and Liabilities - The total assets at the end of the reporting period were RMB 47,036,981,039, an increase of 6.54% from the end of the previous year[5] - Total assets increased to CNY 47,036,981,039, compared to CNY 44,150,745,227 in the previous year, reflecting a growth of 4.3%[16] - Total liabilities rose to CNY 12,732,099,583, an increase from CNY 10,858,100,789, indicating a growth of 17.2%[16] - Total current assets increased to CNY 35,995,140,284 from CNY 34,642,981,948, representing a growth of approximately 3.9%[36] Cash Flow and Investments - The company reported a cash flow from operating activities of RMB 370,594,760 for the year-to-date period[4] - The net cash flow from operating activities for the first three quarters of 2022 was CNY 370,594,760, a significant recovery from a loss of CNY 2,705,321,748 in the same period last year[25] - The company reported a net cash outflow from investing activities of CNY 265,039,812 for Q3 2022, an improvement from a loss of CNY 2,124,497,069 in the same period last year[25] - The company reported cash outflows from investing activities of CNY 15,290,884,344, up from CNY 13,211,150,733, indicating an increase in investment activities[41] - The net cash flow from financing activities was CNY -723,188,309, a decrease from CNY 7,488,992,959 in the previous year, suggesting a reduction in financing activities[41] Revenue Breakdown - Revenue from rail transit equipment products reached RMB 7.202 billion, a year-on-year increase of 5.37% from RMB 6.834 billion[12] - Emerging equipment products saw significant growth, with revenue of RMB 3.529 billion, up 136.98% from RMB 1.489 billion in the previous year[12] - The power semiconductor devices generated RMB 1.292 billion in revenue, reflecting a year-on-year growth of 77.82%[12] - The new energy vehicle drive system revenue surged to RMB 835 million, a remarkable increase of 193.83% compared to RMB 284 million last year[12] - The industrial converter segment reported revenue of RMB 0.845 billion, marking a substantial increase of 303.66% from RMB 0.209 billion[33] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 18,511, with the largest shareholder holding 41.63% of the shares[8] - The number of A-share shareholders was 17,417, while H-share registered shareholders numbered 1,094[10] - The largest shareholder, CRRC Zhuzhou Electric Locomotive Research Institute Co., Ltd., held 589,585,699 shares, accounting for 41.63% of total shares[30] Inventory and Receivables - The company's inventory as of September 30, 2022, was RMB 6.603 billion, compared to RMB 4.921 billion at the end of 2021[14] - The company’s accounts receivable increased to RMB 9.882 billion from RMB 6.549 billion year-on-year[14] - Inventory levels rose to CNY 6,603,017,021 from CNY 4,921,087,633, reflecting an increase of about 34.2%[35]

Financial Performance - Operating revenue for the third quarter reached RMB 4,348,687,608, representing a year-on-year increase of 34.72%[7] - Net profit attributable to shareholders was RMB 691,671,687, reflecting a growth of 36.40% compared to the same period last year[7] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 520,650,666, an increase of 34.60% year-on-year[7] - The total assets at the end of the reporting period amounted to RMB 47,036,981,039, which is a 6.54% increase from the previous year[7] - Basic earnings per share for the quarter was RMB 0.49, up 13.95% from the same period last year[7] - The weighted average return on net assets was 2.13%, an increase of 0.09 percentage points compared to the previous year[7] - Total operating revenue for the first three quarters of 2022 reached CNY 10,875,598,348, a 27.6% increase from CNY 8,526,024,478 in the same period of 2021[27] - Net profit for the first three quarters of 2022 was CNY 1,573,248,345, representing a 30% increase compared to CNY 1,211,606,860 in 2021[28] - Total comprehensive income for the first three quarters of 2022 was CNY 1,629,736,659, compared to CNY 1,206,880,028 in 2021, reflecting strong overall performance[30] Research and Development - Research and development expenses totaled RMB 387,887,195, accounting for 8.92% of operating revenue, a decrease of 4.04 percentage points compared to the previous year[7] - Research and development expenses increased to CNY 1,069,633,505, up from CNY 1,045,089,759 in the previous year, indicating a focus on innovation[27] - Research and development expenses for the first three quarters of 2022 were CNY 1,069,633,505, slightly up from CNY 1,045,089,759 in 2021[63] Shareholder Information - The total number of common shareholders at the end of the reporting period was 18,511[12] - The largest shareholder, CRRC Zhuzhou Electric Locomotive Research Institute, holds 589,585,699 shares, accounting for 41.63% of the total shares[12] - HKSCC NOMINEES LIMITED, an overseas entity, holds 545,943,166 shares, representing 38.55% of the total shares[12] - The company has a total of 17,417 A-share shareholders and 1,094 H-share registered shareholders at the end of the reporting period[16] - The top ten shareholders collectively hold 45.93% of the company's shares[16] Revenue Breakdown - The revenue from rail transit equipment products for the first three quarters of 2022 was RMB 7.202 billion, a year-on-year increase of 5.37%[18] - The revenue from emerging equipment products significantly increased to RMB 3.529 billion, representing a year-on-year growth of 136.98%[19] - The revenue from power semiconductor devices reached RMB 1.292 billion, up 77.82% compared to the same period last year[19] - The revenue from new energy vehicle electric drive systems surged to RMB 0.835 billion, marking a 193.83% increase year-on-year[19] - Revenue from communication signal business reached RMB 0.374 billion, a significant increase of 123.34% year-on-year[18] - Other business revenue decreased to RMB 0.145 billion, down 28.37% compared to the previous year[20] Cash Flow and Assets - The company reported a significant increase in cash inflows from sales of goods and services, contributing to improved cash flow from operating activities[9] - Cash flow from operating activities generated CNY 370,594,760, a significant recovery from a negative cash flow of CNY (2,705,321,748) in the same period of 2021[33] - The total current assets as of September 30, 2022, amounted to RMB 35.995 billion, compared to RMB 34.643 billion at the end of 2021[22] - The total liabilities increased to RMB 12.732 billion as of September 30, 2022, from RMB 10.858 billion at the end of 2021[24] - The total assets as of September 30, 2022, were RMB 47.037 billion, up from RMB 44.151 billion at the end of 2021[25] - Cash and cash equivalents at the end of the reporting period were RMB 7,267,121,279, a decrease from RMB 7,437,689,782 at the end of the previous year[35] Non-Recurring Gains and Losses - Non-recurring gains and losses for the reporting period amounted to RMB 171,021,021, with a significant portion coming from government subsidies and other operational income[8] - Non-recurring gains and losses totaled 171,021,021 RMB for the reporting period, with a significant government subsidy of 147,465,141 RMB included[44] - The total amount of non-recurring gains and losses at the end of the reporting period reached 424,199,771 RMB[44] Operational Costs - Operating costs rose to CNY 9,449,487,669, up from CNY 7,467,137,544 in the previous year, reflecting increased operational scale[27] - The company experienced a decrease in investment income, reporting a loss of CNY (56,569,092) compared to a gain of CNY 44,713,261 in 2021[27] Other Financial Metrics - The company achieved a gross profit margin of approximately 13.1% for the first three quarters of 2022, compared to 12.5% in the same period of 2021[63] - Other comprehensive income attributable to the parent company was CNY 56,488,314, a recovery from a loss of CNY (4,726,832) in the previous year[29] - Basic and diluted earnings per share for the first three quarters of 2022 were both CNY 1.10, up from CNY 1.02 in 2021, reflecting an increase of approximately 7.8%[66]

Financial Performance - The company reported a significant increase in revenue, achieving a total of RMB 1.5 billion for the first half of 2022, representing a year-on-year growth of 15%[11]. - The company's operating revenue for the first half of the year reached CNY 6,526,910,740, representing a 23.19% increase compared to the same period last year[16]. - Net profit attributable to shareholders was CNY 870,961,499, up 25.28% year-on-year[16]. - The company has set a revenue guidance of RMB 3 billion for the full year 2022, which reflects an expected growth rate of 20%[11]. - The rail transit equipment business generated revenue of RMB 4.60 billion, an increase of 4.65% year-on-year, while emerging equipment business revenue surged by 135.34% to RMB 1.83 billion[97]. Research and Development - The company is investing RMB 200 million in R&D for new technologies aimed at enhancing energy efficiency in its products[11]. - Research and development expenses accounted for 11.15% of operating revenue, down from 12.45% in the same period last year[17]. - Research and development (R&D) expenditures totaled RMB 727,531,094, an increase of 10.29% compared to the previous year, with a capitalized R&D ratio of 4.33%, up by 1.50 percentage points[50]. - The company has developed a total of 3,375 valid domestic and foreign registered patents to protect its core technologies as of June 30, 2022[31]. - The company has established a robust R&D system with 3,375 patents granted, including 1,904 invention patents, and has been awarded multiple national science and technology awards, showcasing its strong innovation capabilities[77]. Market Expansion and Strategy - Market expansion efforts have led to the establishment of two new regional offices in Southeast Asia, targeting a 10% market share in the region by 2023[11]. - The company is expanding into new markets beyond rail transit, including power semiconductor devices and new energy vehicle drive systems[21]. - The company is focused on expanding its market presence through the development of new technologies and products in the rail transport sector[41]. - The company is actively developing energy-saving and green products in line with national dual carbon strategies, ensuring smooth progress across various business segments in the first half of 2022[84]. - The company is positioned to leverage opportunities in the post-maintenance market for rail transit, which has significant growth potential[30]. Risk Management - The board has emphasized the importance of risk management, particularly in relation to supply chain disruptions and regulatory changes[11]. - The company is actively monitoring foreign exchange fluctuations and has implemented risk management strategies to mitigate potential losses from currency volatility[94]. - The ongoing COVID-19 pandemic poses operational risks, affecting overseas business and project acquisition, prompting the company to innovate market expansion strategies[90]. Environmental Responsibility - The company has achieved 100% compliance with environmental discharge standards, with hazardous waste disposed of in accordance with legal requirements[126]. - The company is actively promoting clean energy use and has constructed a solar-storage integrated system at the Tianxin Industrial Park to reduce carbon emissions from electricity[137]. - The company has established a dual-carbon work promotion leadership group to coordinate efforts in reducing carbon emissions and is focusing on energy-saving technological upgrades[137]. - The company has committed to not transferring or entrusting the management of its shares for 36 months following the A-share issuance[138]. - The company has engaged a qualified third-party organization for environmental self-monitoring and reporting[131]. Corporate Governance - The company has fully complied with the principles and code provisions of the Corporate Governance Code as set out in Appendix 14 of the Listing Rules during the reporting period[121]. - The audit committee, composed of five independent non-executive directors, has reviewed the unaudited interim consolidated financial statements for the six months ending June 30, 2022, confirming compliance with applicable accounting standards and regulations[121]. - The company has maintained a total employee count and structure without significant changes since the 2021 annual report[117]. - The company has committed to enhancing technology research and product innovation to increase sales revenue and improve shareholder returns following the A-share issuance and listing[165]. - The company will strictly adhere to laws and regulations regarding corporate governance to protect the interests of shareholders and avoid interference in operational management[168]. Innovation and Technology - The company has made breakthroughs in advanced motor control technology based on direct torque control, enhancing the performance of its electric and conversion systems[33]. - The company has developed a high-performance train control system that integrates multiple technologies, achieving significant advancements in safety, real-time capabilities, and reliability[35]. - The company has established a digital network control platform for large-scale railway maintenance machinery, enhancing operational efficiency and control capabilities[36]. - The company has developed advanced silicon carbide (SiC) chip technology, achieving breakthroughs in reliability and low defect rates, applicable in new energy vehicles and industrial drives[38]. - The company has achieved over 1 million kilometers of safe operation with its autonomous driving technology, which has been applied in various railway companies including Xi'an, Taiyuan, and Guangzhou[40]. Shareholder Commitments - The company commits that the prospectus and other information disclosure materials do not contain false records, misleading statements, or significant omissions, and assumes corresponding legal responsibilities for their authenticity, accuracy, and completeness[157]. - The company will publicly apologize to shareholders and investors if it fails to fulfill its commitments[178]. - The company has committed to stabilizing its A-share stock price through measures that include repurchasing shares if the stock price falls below the latest audited net asset value per share for 20 consecutive trading days[146]. - The company will disclose any unfulfilled commitments in designated publications and on the Shanghai Stock Exchange[181]. - The company has pledged to compensate for any losses incurred due to violations of the share lock-up commitments[144].