证券代码：300748 证券简称：金力永磁 公告编号：2024-022 江西金力永磁科技股份有限公司 关于使用部分自有资金进行现金管理的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 重要内容提示： 1、投资品种：为严格控制资金使用风险，本次现金管理拟用于购买结构性 存款、定期存款、协定存款、大额存单及保本型理财等安全性高、流动性好的短 期（不超过 12 个月）低风险投资产品。 2、投资金额：公司拟使用不超过 10 亿元人民币或等额外币（含本数）自有 资金适时进行现金管理，在上述额度范围内，该额度可循环使用。 3、特别风险提示：本次使用部分自有资金进行现金管理事项尚存在一定的 市场风险、操作风险、监控风险，敬请投资者注意投资风险。 江西金力永磁科技股份有限公司（以下简称"公司"）于 2024 年 3 月 28 日 召开第三届董事会第二十五次会议和第三届监事会第二十二次会议，审议通过 《关于使用部分自有资金进行现金管理的议案》，同意在不影响公司正常经营的 前提下，公司拟使用不超过 10 亿元人民币或等额外币（含本数）自有资金进行 现金管理，有效期自董事会审 ...

江西金力永磁科技股份有限公司 2023 年度独立董事述职报告 （尤建新） 各位股东及股东代表： 本人作为江西金力永磁科技股份有限公司（以下简称"公司"或"金力永磁"） 第三届董事会独立董事，在 2023 年度任职期间，严格按照《公司法》、《证券法》、 《上市公司治理准则》和《上市公司独立董事管理办法》等法律、法规，以及《公 司章程》、《独立董事工作制度》等规定，认真行权，依法履职，做到不受公司大股 东、实际控制人或者其他与公司存在利害关系的单位或个人的影响与左右，充分发 挥独立董事的作用，监督公司规范化运作、维护股东整体利益。 现将 2023 年度履行独立董事职责情况汇报如下： 一、独立董事的基本情况 尤建新：男，1961 年出生，中国国籍，教授，博士。1984 年至今，历任同济大 学经济管理学院助教、讲师、副教授、教授；1993 年至 1998 年，曾任同济大学教务 处副处长；1999 年至 2008 年，曾任同济大学经济与管理学院院长；现任同济大学经 济与管理学院教授，博士生导师；2017 年 1 月至 2023 年 6 月，任金力永磁独立董 事。 本人未在公司担任除独立董事以外的任何职务，也未在公司主要 ...

证券代码：300748 证券简称：金力永磁 公告编号：2024-023 江西金力永磁科技股份有限公司 关于公司及子公司向银行申请综合授信额度及相关担保事项的 公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 江西金力永磁科技股份有限公司（以下简称"公司"）于 2024 年 3 月 28 日召开的第三届董事会第二十五次会议审议通过《关于公司及子公司向银行申请 综合授信额度及相关担保事项的议案》。 根据《深圳证券交易所创业板股票上市规则》、《公司章程》等规定，该事 项不构成关联交易，本议案尚需提交公司 2023 年年度股东大会审议。现将具体 事项公告如下： 一、向银行申请综合授信额度情况 为了保证公司及全资子公司金力永磁（包头）科技有限公司（以下简称"金 力包头公司"）、金力永磁（宁波）科技有限公司（以下简称"金力宁波公司"）、 江西劲诚永磁新材料有限公司（以下简称"劲诚永磁"）的资金流动性，支持公 司战略发展规划，公司及子公司拟向银行申请综合授信额度，其中公司拟向银行 申请综合授信额度不超过 485,000 万元；金力包头公司拟向银行申请综合授信额 度不超过 ...

海通证券股份有限公司 关于江西金力永磁科技股份有限公司 2023 年度定期现场检查报告 | 保荐机构名称：海通证券股份有限公司 被保荐公司简称： | | | | 金力永磁 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 保荐代表人姓名：袁先湧 联系电话：021-23187002 | | | | | | | | | 保荐代表人姓名：王娜 联系电话：021-23185906 | | | | | | | | | 现场检查人员姓名：袁先湧、毛宇 | | | | | | | | | 现场检查对应期间：2023 年度 | | | | | | | | | 现场检查时间：2024 年 3 月 20 日至 22 年 3 月 | 日，2024 | 25 | 日至 | 26 | 日 | | | | 一、现场检查事项 | | | | 现场检查意见 | | | | | （一）公司治理 | | | 是 | | 否 | | 不适用 | | 现场检查手段： | | | | | | | | | （一）对上市公司董事、监事、高级管理人员及有关人员进行访谈； | | | | ...

智通财经APP讯，金力永磁(06680)发布公告，于2024年1月26日，董事会审议通过了关于建议H股发行 方案之议案。据此，公司将按H股发行价发行不超过2689.54万股(含本数)H股，发行对象包括控股股东 认购方及其他符合适用法律法规规定及香港联交所要求的独立第三方合格投资者。假设新H股按拟定发 行价格发行，建议H股发行所募集资金总额将不超过2.2亿港元(含本数)，在扣除发行相关费用后，将用 于支持公司业务发展，补充公司营运资金，偿还公司到期债务。拟定发行价格为每股新H股8.19港元。 于2024年1月26日，公司与江西瑞德订立H股认购协议，根据H股认购协议载列的条款及在其条件规限 下，公司已同意向控股股东认购方(即江西瑞德或其指定的境外全资附属公司)配发及发行，而江西瑞德 已同意自行或指定其境外全资附属公司以现金方式按H股发行价认购公司不超过2017.16万股H股(含本 数)。 公告称，建议H股发行有利于提升公司资本实力和资产规模，增强公司核心竞争力和盈利能力，促进公 司主营业务的持续快速增长，为公司进一步做大做强提供资金保障;控股股东认购方作为建议H股发行的 认购方之一，展现其对于公司未来发展的坚定信 ...

[Report Overview](index=1&type=section&id=Report%20Overview) This section presents the unaudited status of the quarterly report and the assurance of its truthfulness and completeness by the board and management [Important Notice](index=1&type=section&id=Important%20Notice) The board, supervisory board, and senior management guarantee the report's truthfulness, accuracy, and completeness, with financial officers confirming financial information integrity; this quarterly report is unaudited - The board of directors, supervisory board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report, free from false records, misleading statements, or major omissions, and assume individual and joint legal responsibility[2](index=2&type=chunk) - The company's principal, chief financial officer, and head of the accounting department declare that the financial information in the quarterly report is true, accurate, and complete[2](index=2&type=chunk) - The third-quarter report is unaudited[2](index=2&type=chunk)[25](index=25&type=chunk) [Key Financial Data](index=2&type=section&id=%E4%B8%80%E3%80%81%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) This section presents key accounting data and financial indicators for the quarter and year-to-date, including non-recurring items and explanations for significant changes in financial statement line items [Key Accounting Data and Financial Indicators](index=2&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) Q3 2023 saw a 15.15% revenue decline and 27.47% net profit decrease, while year-to-date revenue fell 3.13% and net profit dropped 28.03%, with operating cash flow surging 297.77% | Indicator | Current Reporting Period (Q3 2023) | YoY Change (Adjusted) | Year-to-Date (YTD 2023) | YoY Change (Adjusted) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 1,620,367,043.75 | -15.15% | 5,050,397,446.30 | -3.13% | | Net Profit Attributable to Shareholders (RMB) | 161,663,200.56 | -27.47% | 494,265,422.45 | -28.03% | | Net Profit Attributable to Shareholders Excluding Non-Recurring Gains and Losses (RMB) | 150,329,333.96 | -28.10% | 438,033,309.57 | -34.67% | | Net Cash Flow from Operating Activities (RMB) | - | - | 817,005,984.24 | 297.77% | | Basic Earnings Per Share (RMB/share) | 0.1204 | -27.73% | 0.3683 | -29.42% | | Diluted Earnings Per Share (RMB/share) | 0.1204 | -27.73% | 0.3683 | -29.42% | | Weighted Average Return on Net Assets | 2.31% | Decreased by 1.02 percentage points | 7.09% | Decreased by 4.11 percentage points | | Total Assets (RMB) | 11,396,576,497.07 | 1.57% (compared to end of previous year) | 11,396,576,497.07 | 1.57% (compared to end of previous year) | | Owners' Equity Attributable to Shareholders (RMB) | 7,077,907,416.44 | 4.32% (compared to end of previous year) | 7,077,907,416.44 | 4.32% (compared to end of previous year) | - From the end of the reporting period to the disclosure date of the quarterly report, the company's share capital did not change due to new share issuance, additional issuance, rights issue, equity incentive exercise, or repurchases, nor did it affect the amount of owners' equity[4](index=4&type=chunk) [Non-Recurring Gains and Losses Items and Amounts](index=3&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Non-recurring gains and losses totaled RMB 11.33 million for the quarter and RMB 56.23 million year-to-date, mainly from government grants and fair value changes in financial assets | Item | Amount for Current Period (RMB) | Amount Year-to-Date (RMB) | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | 848,636.09 | -311,743.98 | | Government Grants Included in Current Profit/Loss | 5,086,898.93 | 60,823,435.06 | | Gains/Losses from Entrusted Investments or Asset Management | -4,928,662.07 | -4,928,662.07 | | Gains/Losses from Fair Value Changes of Financial Assets/Liabilities Held for Trading, and Investment Income from Disposal of Financial Assets/Liabilities Held for Trading and Available-for-Sale Financial Assets, excluding effective hedge accounting related to normal business operations | 13,180,360.90 | 10,442,592.50 | | Other Non-Operating Income and Expenses Apart from the Above | -1,577,661.43 | -1,713,005.03 | | Less: Income Tax Impact | 1,275,705.82 | 8,080,503.60 | | **Total** | **11,333,866.60** | **56,232,112.88** | - The company has not classified any non-recurring gains and losses items listed in 'Interpretive Announcement No. 1 on Information Disclosure by Companies Issuing Securities to the Public – Non-Recurring Gains and Losses' as recurring gains and losses[7](index=7&type=chunk) [Changes and Reasons for Key Accounting Data and Financial Indicators](index=3&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E5%8F%8A%E5%8E%9F%E5%9B%A0) Notes receivable decreased by 74.11%, while accounts receivable financing and prepayments increased; short-term borrowings and current non-current liabilities significantly reduced, and financial expenses dropped 73.58% due to exchange gains, with fair value change gains up 678.33% from forward exchange contracts Balance Sheet Item Changes | Balance Sheet Item | Period-End Balance (RMB) | Period-Beginning Balance (RMB) | Change Rate | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Notes Receivable | 142,055,199.17 | 548,735,528.96 | -74.11% | Primarily due to a decrease in notes held to maturity at the end of the reporting period | | Accounts Receivable Financing | 225,177,440.28 | 97,088,156.37 | 131.93% | Primarily due to an increase in reclassified notes held for financing purposes at the end of the reporting period | | Prepayments | 254,797,884.07 | 36,721,034.81 | 593.87% | Primarily due to an increase in prepaid material costs at the end of the reporting period | | Other Receivables | 206,349,081.76 | 10,182,239.39 | 1926.56% | Primarily due to subsidiary payments for land deposits from the beginning of the year to the end of the reporting period | | Construction in Progress | 561,942,533.18 | 394,763,067.34 | 42.35% | Primarily due to subsidiary project investments from the beginning of the year to the end of the reporting period | | Deferred Income Tax Assets | 2,694,749.87 | 1,738,314.70 | 55.02% | Primarily due to an increase in impairment provisions at the end of the reporting period | | Short-term Borrowings | 458,462,626.58 | 945,495,381.04 | -51.51% | Primarily due to the company repaying some matured loans from the beginning of the year to the end of the reporting period | | Financial Liabilities Held for Trading | 0.00 | 3,219,800.00 | -100.00% | Primarily due to reclassification adjustment from floating gains on forward exchange contracts at the end of the reporting period | | Contract Liabilities | 165,418,769.16 | 23,895,384.93 | 592.26% | Primarily due to increased customer prepayments from the beginning of the year to the end of the reporting period | | Employee Benefits Payable | 33,152,475.62 | 70,165,733.81 | -52.75% | Primarily due to a decrease in accrued wages from the beginning of the year to the end of the reporting period | | Taxes Payable | 19,841,224.14 | 9,223,910.53 | 115.11% | Primarily due to an increase in taxes payable at the end of the reporting period | | Non-Current Liabilities Due Within One Year | 2,392,108.12 | 304,675,370.52 | -99.21% | Primarily due to repayment of some matured loans from the beginning of the year to the end of the reporting period | | Other Current Liabilities | 22,993,833.35 | 2,713,158.29 | 747.49% | Primarily due to an increase in unearned output VAT at the end of the reporting period | | Long-term Borrowings | 500,000,000.00 | 200,000,000.00 | 150.00% | Primarily due to an increase in two-year working capital loans from the beginning of the year to the end of the reporting period | | Share Capital | 1,342,540,451.00 | 837,956,198.00 | 60.22% | Primarily due to a capital reserve capitalization of 6 shares for every 10 shares to all shareholders from the beginning of the year to the end of the reporting period | | Other Comprehensive Income | 1,750,767.71 | 5,274,306.50 | -66.81% | Primarily due to a decrease in foreign currency financial statement translation differences from the beginning of the year to the end of the reporting period | | Minority Interests | 5,102,321.88 | 2,924,455.32 | 74.47% | Primarily due to profits from non-wholly owned subsidiaries from the beginning of the year to the end of the reporting period | Profit Statement Item Changes | Profit Statement Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | Change Rate | Reason for Change | | :--- | :--- | :--- | :--- | :--- | | Financial Expenses | -42,062,411.54 | -159,235,531.04 | -73.58% | Primarily due to a significant increase in exchange gains/losses in the prior year from the appreciation of USD and HKD (approximately RMB 135 million realized from H-share offering proceeds settlement) | | Other Income | 60,823,435.06 | 31,969,563.41 | 90.25% | Primarily due to an increase in government grants received from the beginning of the year to the end of the reporting period | | Investment Income | -4,617,108.54 | -10,628,128.41 | 56.56% | Primarily due to larger exchange losses from forward exchange contracts in the prior year | | Gains from Fair Value Changes | 10,442,592.50 | -1,805,660.00 | 678.33% | Primarily due to floating gains on forward exchange contracts at the end of the reporting period | | Credit Impairment Losses | 726,037.68 | -14,820,537.08 | -104.90% | Primarily due to a decrease in impairment provisions at the end of the reporting period | | Asset Impairment Losses | -21,530,601.44 | -6,896,747.21 | 212.18% | Primarily due to an increase in inventory write-down provisions at the end of the reporting period | | Gains from Asset Disposal | -311,743.98 | 401,723.20 | -177.60% | Primarily due to losses from disposal of fixed assets from the beginning of the year to the end of the reporting period | | Non-Operating Expenses | 1,789,771.75 | 746,301.99 | 139.82% | Primarily due to an increase in fixed asset disposal losses from the beginning of the year to the end of the reporting period | | Income Tax Expense | 38,374,257.56 | 55,191,156.04 | -30.47% | Primarily due to a decrease in profit from the beginning of the year to the end of the reporting period | [Shareholder Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) This section provides an overview of the company's common shareholders, including the total number, top ten shareholders' holdings, and changes in restricted shares [Total Common Shareholders, Number of Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings](index=4&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%20%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%92%8C%E8%A1%A8%E5%86%B3%E6%9D%83%E6%81%A2%E5%A4%8D%E7%9A%84%E4%BC%98%E5%85%88%E8%82%A1%E8%82%A1%E4%B8%9C%E6%95%B0%E9%87%8F%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the reporting period end, the company had 61,665 common shareholders, with Jiangxi Ruide Venture Capital Co., Ltd. holding the largest stake at 28.83% and acting in concert with actual controllers - Total common shareholders at the end of the reporting period were **61,665** households[10](index=10&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Shareholding Percentage | Number of Shares Held (shares) | Share Status | Quantity (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Jiangxi Ruide Venture Capital Co., Ltd. | Domestic Non-State-Owned Legal Person | 28.83% | 387,100,160 | Pledged | 16,000,000 | | HKSCC NOMINEES LIMITED | Overseas Legal Person | 14.95% | 200,745,600 | - | - | | Ganzhou Industrial Investment Holding Group Co., Ltd. | State-Owned Legal Person | 5.15% | 69,120,000 | - | - | | Goldwind Investment Holding Co., Ltd. | Domestic Non-State-Owned Legal Person | 4.99% | 67,036,352 | - | - | | Shaanxi Coal Industry Co., Ltd. | State-Owned Legal Person | 3.99% | 53,631,950 | - | - | | Ganzhou Xinsheng Investment Management Center (Limited Partnership) | Domestic Non-State-Owned Legal Person | 1.75% | 23,536,435 | - | - | | Hong Kong Securities Clearing Company Limited | Overseas Legal Person | 1.54% | 20,724,693 | - | - | | Tianan Life Insurance Co., Ltd. - Dividend Product | Other | 0.77% | 10,367,500 | - | - | | Huatai-PineBridge Fund Management Co., Ltd. - Social Security Fund 17022 Portfolio | Other | 0.67% | 8,997,280 | - | - | | Ganzhou Geshuo Investment Management Center (Limited Partnership) | Domestic Non-State-Owned Legal Person | 0.64% | 8,603,174 | Pledged | 3,504,000 | - Jiangxi Ruide Venture Capital Co., Ltd., the company's actual controllers Cai Baogui, Hu Zhibin, Li Xinnong, and Ganzhou Xinsheng Investment Management Center (Limited Partnership), Ganzhou Geshuo Investment Management Center (Limited Partnership) are concerted parties[11](index=11&type=chunk) [Changes in Restricted Shares](index=5&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%E9%99%90%E5%94%AE%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E6%83%85%E5%86%B5) Restricted shares of executives and equity incentive recipients changed, with some released due to unlocking conditions or resignation, and others increased due to capital reserve capitalization Restricted Shares Changes | Shareholder Name | Restricted Shares at Period Beginning (shares) | Restricted Shares Released in Current Period (shares) | Restricted Shares Increased in Current Period (shares) | Restricted Shares at Period End (shares) | Reason for Restriction | | :--- | :--- | :--- | :--- | :--- | :--- | | Cai Baogui | 480,000 | 0 | 288,000 | 768,000 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Hu Zhibin | 720,000 | 0 | 432,000 | 1,152,000 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Mao Huayun | 1,440,600 | 360,150 | 832,590 | 1,913,040 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Lv Feng | 968,160 | 174,450 | 793,026 | 1,586,736 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Huang Changyuan | 630,600 | 0 | 378,360 | 1,008,960 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Lu Ming | 626,160 | 0 | 560,016 | 1,186,176 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Yu Han | 723,000 | 0 | 618,120 | 1,341,120 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Xie Hui | 623,760 | 107,175 | 448,191 | 964,776 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Yi Pengpeng | 153,600 | 19,200 | 176,640 | 311,040 | Executive restriction, equity incentive restricted shares, restricted shares from capital reserve capitalization | | Other Equity Incentive Recipients | 523,488 | 14,016 | 305,683 | 815,155 | Equity incentive restricted shares, restricted shares from capital reserve capitalization | | **Total** | **6,889,368** | **674,991** | **4,832,626** | **11,047,003** | -- | - Reasons for restriction include executive restrictions, equity incentive restricted shares, and restricted shares from capital reserve capitalization; proposed release dates are typically 25% market circulation annually during tenure or upon meeting equity incentive unlocking conditions[12](index=12&type=chunk) [Other Significant Matters](index=5&type=section&id=%E4%B8%89%E3%80%81%E5%85%B6%E4%BB%96%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) In Q1-Q3 2023, the rare earth permanent magnet industry faced price volatility and competition; the company responded by optimizing procurement, R&D, and formulations, leading to a 15.18% increase in high-performance material output and 26.19% revenue growth in new energy vehicles - In the first three quarters of 2023, the rare earth permanent magnet industry was affected by fluctuations in rare earth raw material prices (average price of praseodymium-neodymium metal decreased by approximately **39%** year-over-year) and intensified industry competition[13](index=13&type=chunk)[14](index=14&type=chunk) - Company management promptly adopted a more cautious rare earth raw material procurement and inventory strategy, continuously increasing R&D investment and optimizing formulations to achieve cost reduction and efficiency improvement[14](index=14&type=chunk) Key Performance Indicators (Q1-Q3 2023) | Indicator | Amount/Percentage | YoY Change | Remarks | | :--- | :--- | :--- | :--- | | Operating Revenue | RMB 5.05 billion | Decreased by 3.13% | | | R&D Expense Investment | RMB 256 million | Increased by 15.99% | Proportion of operating revenue increased from 4.24% to 5.08% | | Net Profit Attributable to Shareholders | RMB 494 million | Decreased by 28.03% | | | Net Cash Flow from Operating Activities | RMB 817 million | Significant increase | | | Total Output of High-Performance Rare Earth Permanent Magnet Materials | 10,965 tons | Increased by 15.18% | | | Output of Products Using Grain Boundary Diffusion Technology | 9,364 tons | Increased by 36.20% | Accounts for 85.40% of total output, an increase of 13.19 percentage points | | Revenue from New Energy Vehicles and Automotive Components | RMB 2.41 billion | Increased by 26.19% | | | Revenue from Energy-Saving Inverter Air Conditioners | RMB 1.058 billion | - | | | Revenue from Wind Power Generation | RMB 444 million | - | | | Revenue from Robotics and Industrial Servo Motors | RMB 165 million | - | | - The company received an **A-grade (Excellent)** assessment result for the fourth consecutive year in the Shenzhen Stock Exchange ChiNext Board listed companies' 2022 annual information disclosure assessment, indicating continuous improvement and optimization of corporate governance[14](index=14&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=%E5%9B%9B%E3%80%81%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) This section presents the consolidated balance sheet, income statement, and cash flow statement for the period, along with explanations of accounting policy changes and the unaudited status of the report [Consolidated Balance Sheet](index=6&type=section&id=1%E3%80%81%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of September 30, 2023, total assets reached RMB 11.397 billion, up 1.57%; notes receivable decreased significantly, while accounts receivable financing and prepayments increased, and long-term borrowings surged 150% Consolidated Balance Sheet (as of September 30, 2023) | Item | September 30, 2023 (RMB) | January 1, 2023 (RMB) | Change Rate | | :--- | :--- | :--- | :--- | | **Total Assets** | **11,396,576,497.07** | **11,220,455,751.51** | **1.57%** | | Cash and Cash Equivalents | 3,961,648,385.36 | 4,130,247,580.42 | -4.08% | | Notes Receivable | 142,055,199.17 | 548,735,528.96 | -74.11% | | Accounts Receivable Financing | 225,177,440.28 | 97,088,156.37 | 131.93% | | Prepayments | 254,797,884.07 | 36,721,034.81 | 593.87% | | Other Receivables | 206,349,081.76 | 10,182,239.39 | 1926.56% | | Construction in Progress | 561,942,533.18 | 394,763,067.34 | 42.35% | | **Total Liabilities** | **4,313,566,758.75** | **4,432,680,970.12** | **-2.70%** | | Short-term Borrowings | 458,462,626.58 | 945,495,381.04 | -51.51% | | Contract Liabilities | 165,418,769.16 | 23,895,384.93 | 592.26% | | Long-term Borrowings | 500,000,000.00 | 200,000,000.00 | 150.00% | | **Total Owners' Equity** | **7,083,009,738.32** | **6,787,774,781.39** | **4.35%** | | Share Capital | 1,342,540,451.00 | 837,956,198.00 | 60.22% | | Capital Reserve | 3,992,128,401.05 | 4,474,713,262.18 | -10.80% | [Consolidated Income Statement Year-to-Date](index=8&type=section&id=2%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E5%88%A9%E6%B6%A6%E8%A1%A8) Year-to-date, total operating revenue decreased by 3.13%, operating profit by 27.79%, and net profit by 27.76%; financial expenses significantly reduced by 73.58%, while other income and fair value change gains notably increased Consolidated Income Statement (Year-to-Date) | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | **I. Total Operating Revenue** | **5,050,397,446.30** | **5,213,439,457.10** | **-3.13%** | | Operating Cost | 4,212,581,133.37 | 4,244,820,838.99 | -0.76% | | Selling Expenses | 21,233,426.19 | 26,124,387.26 | -18.72% | | Administrative Expenses | 92,647,753.10 | 116,644,584.51 | -20.57% | | R&D Expenses | 256,427,987.21 | 221,078,951.52 | 15.99% | | Financial Expenses | -42,062,411.54 | -159,235,531.04 | -73.58% | | Other Income | 60,823,435.06 | 31,969,563.41 | 90.25% | | Investment Income | -4,617,108.54 | -10,628,128.41 | 56.56% | | Gains from Fair Value Changes | 10,442,592.50 | -1,805,660.00 | 678.33% | | Credit Impairment Losses | 726,037.68 | -14,820,537.08 | -104.90% | | Asset Impairment Losses | -21,530,601.44 | -6,896,747.21 | 212.18% | | **III. Operating Profit** | **537,073,231.22** | **743,752,661.10** | **-27.79%** | | **V. Net Profit** | **496,985,968.63** | **687,862,534.06** | **-27.76%** | | Net Profit Attributable to Parent Company Shareholders | 494,265,422.45 | 686,732,677.01 | -28.03% | | Basic Earnings Per Share | 0.3683 | 0.5218 | -29.42% | [Consolidated Cash Flow Statement Year-to-Date](index=10&type=section&id=3%E3%80%81%E5%90%88%E5%B9%B6%E5%B9%B4%E5%88%9D%E5%88%B0%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Year-to-date, net operating cash flow surged 297.77% to RMB 817 million due to increased sales; investing cash outflow decreased, but financing cash inflow dropped significantly, turning net financing cash flow negative Consolidated Cash Flow Statement (Year-to-Date) | Item | Amount for Current Period (RMB) | Amount for Prior Period (RMB) | YoY Change | | :--- | :--- | :--- | :--- | | Cash Received from Sales of Goods and Services | 5,624,297,171.82 | 4,081,748,934.70 | 37.78% | | Cash Received Relating to Other Operating Activities | 204,230,803.84 | 143,347,901.28 | 42.48% | | Cash Paid for Goods and Services | 4,363,629,214.17 | 4,191,157,448.03 | 4.11% | | Cash Paid to and on Behalf of Employees | 435,569,355.58 | 359,340,713.93 | 21.21% | | **Net Cash Flow from Operating Activities** | **817,005,984.24** | **-413,113,053.92** | **297.77%** | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-term Assets | 366,815,585.16 | 427,408,748.09 | -14.29% | | Cash Paid for Investments | 32,493,041.42 | 294,596,850.89 | -88.99% | | **Net Cash Flow from Investing Activities** | **-397,732,235.40** | **-632,588,927.81** | **37.13% (Outflow decreased)** | | Cash Received from Investments | 14,889,710.13 | 3,349,064,462.13 | -99.56% | | Cash Received from Borrowings | 724,045,196.27 | 912,179,308.31 | -20.62% | | Cash Paid for Repayment of Debts | 1,332,678,391.83 | 1,149,532,001.20 | 15.93% | | **Net Cash Flow from Financing Activities** | **-632,439,062.02** | **2,793,933,430.54** | **-122.60% (Turned from positive to negative)** | | Net Increase in Cash and Cash Equivalents | -213,930,280.44 | 1,910,158,223.80 | -111.20% | [Adjustments to Financial Statement Items at the Beginning of the First Year of Adopting New Accounting Standards from 2023](index=11&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%202023%20%E5%B9%B4%E8%B5%B7%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E6%96%B0%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E8%B0%83%E6%95%B4%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E5%BD%93%E5%B9%B4%E5%B9%B4%E5%88%9D%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8%E7%9B%B8%E5%85%B3%E9%A1%B9%E7%9B%AE%E6%83%85%E5%86%B5) Effective January 1, 2023, the company adopted 'Interpretation No. 16 of Accounting Standards' for deferred income tax on single transactions, which had no net impact on the consolidated balance sheet after offsetting - Effective January 1, 2023, the company adopted the Ministry of Finance's 'Interpretation No. 16 of Accounting Standards for Business Enterprises' regarding the accounting treatment that deferred income tax related to assets and liabilities arising from a single transaction is not exempt from initial recognition[22](index=22&type=chunk) - This accounting policy change led to the separate recognition of deferred income tax assets and liabilities for lease liabilities and right-of-use assets involved in single transactions at the beginning of the first year of adoption; however, the net amount after offsetting deferred tax assets and liabilities was equal to the amount originally recognized on a net basis, thus having no impact on consolidated balance sheet items[22](index=22&type=chunk)[23](index=23&type=chunk) Deferred Income Tax Impact | Item | Before Policy Change (RMB) | Impact of Change (RMB) | After Policy Change (RMB) | | :--- | :--- | :--- | :--- | | Deferred Income Tax Assets Before Offsetting | 25,930,062.84 | 1,185,295.64 | 27,115,358.48 | | Deferred Income Tax Liabilities Before Offsetting | 55,807,343.20 | 1,185,295.64 | 56,992,638.84 | | Offset Amount | 24,191,748.14 | 1,185,295.64 | 25,377,043.78 | | Deferred Income Tax Assets After Offsetting | 1,738,314.70 | - | 1,738,314.70 | | Deferred Income Tax Liabilities After Offsetting | 31,615,595.06 | - | 31,615,595.06 | [Audit Report](index=12&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%20%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) The company's 2023 third-quarter report is unaudited - The company's third-quarter report is unaudited[25](index=25&type=chunk)

Financial Performance - The company's operating revenue for Q3 2023 was CNY 1,620,367,043.75, a decrease of 15.15% compared to the same period last year[3]. - Net profit attributable to shareholders for Q3 2023 was CNY 161,663,200.56, down 27.47% year-on-year[3]. - The net profit after deducting non-recurring gains and losses was CNY 150,329,333.96, reflecting a decline of 28.10% compared to the previous year[3]. - Basic earnings per share for Q3 2023 were CNY 0.1204, down 27.73% year-on-year[3]. - In the first three quarters of 2023, the company achieved operating revenue of 5.05 billion RMB, a decrease of 3.13% compared to the same period last year[12]. - Net profit attributable to shareholders was 494 million RMB, down 28.03% year-on-year[12]. - The company's operating profit for the current period is 537,073,231.22, a decrease of 27.8% compared to 743,752,661.10 in the previous period[26]. - Net profit attributable to shareholders of the parent company is 494,265,422.45, down from 686,732,677.01, reflecting a decline of approximately 28.1%[26]. - The company reported a total comprehensive income attributable to owners of the parent of 492,091,667.74, down from 688,163,080.42, a decrease of approximately 28.5%[27]. Cash Flow - The net cash flow from operating activities for the period was CNY 817,005,984.24, an increase of 297.77% compared to the same period last year[3]. - The company generated a net cash flow from operating activities of 817 million RMB, significantly increasing compared to the same period last year[12]. - The total cash inflow from operating activities reached 5,880,020,869.11, compared to 4,287,760,135.90 in the previous period, indicating a growth of 37.2%[29]. - The net cash flow from operating activities is 817,005,984.24, a significant improvement from a negative cash flow of -413,113,053.92 in the previous period[29]. - The net cash flow from investment activities was -397,732,235.40, an improvement from -632,588,927.81 in the previous period[33]. - The net cash flow from financing activities was negative at -632,439,062.02 RMB, compared to a positive 2,793,933,430.54 RMB in the previous period[34]. - The net increase in cash and cash equivalents was -213,930,280.44 RMB, compared to an increase of 1,910,158,223.80 RMB in the previous period[34]. - The ending balance of cash and cash equivalents was 3,186,454,175.49 RMB, slightly up from 3,165,625,131.40 RMB in the prior period[34]. Assets and Liabilities - Total assets attributable to shareholders at the end of the reporting period were CNY 11,396,576,497.07, an increase of 1.57% from the end of the previous year[3]. - Owner's equity at the end of the reporting period was CNY 7,077,907,416.44, up 4.32% compared to the previous year[3]. - The company's total liabilities decreased to approximately 4.31 billion yuan from 4.43 billion yuan at the beginning of the year[18]. - The total equity attributable to shareholders increased to approximately 7.08 billion yuan from 6.79 billion yuan at the beginning of the year[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period was 61,665[9]. - The largest shareholder, Jiangxi Ruide Venture Investment, holds 28.83% of shares, totaling 387,100,160 shares[9]. - The top ten unrestricted shareholders hold a total of 1,000,000,000 shares, with Jiangxi Ruide Venture Capital Co., Ltd. being the largest shareholder with 387,100,160 shares[10]. Research and Development - Research and development expenses amounted to 256 million RMB, an increase of 15.99% year-on-year, with R&D expenses accounting for 5.08% of operating revenue, up from 4.24% in the same period last year[12]. - The company has increased its R&D investment to optimize formulations and achieve cost reduction and efficiency improvement[12]. - Research and development expenses increased to 256,427,987.21, up 16.0% from 221,078,951.52 in the previous period[24]. Operational Performance - The company's production capacity utilization rate reached approximately 85% in Q3 2023, with a total output of high-performance rare earth permanent magnet materials at 10,965 tons, an increase of 15.18% year-over-year[13]. - The output using crystal boundary infiltration technology was 9,364 tons, representing a year-over-year growth of 36.20% and accounting for 85.40% of the total product output, an increase of 13.19 percentage points compared to the same period last year[13]. - Revenue from the new energy vehicle and automotive parts sector reached 2.41 billion yuan, a year-over-year increase of 26.19%[13]. - Revenue from the energy-saving variable frequency air conditioning sector was 1.058 billion yuan, while revenue from the wind power generation sector was 444 million yuan, and revenue from the robotics and industrial servo motor sector was 165 million yuan[13]. - The company is focusing on optimizing product structure and expanding its market presence in the new energy sector[13]. Financial Management - Financial expenses decreased by 73.58% from CNY -159,235,531.04 to CNY -42,062,411.54 primarily due to significant foreign exchange gains from the previous year[8]. - Other income increased by 90.25% from CNY 31,969,563.41 to CNY 60,823,435.06 mainly due to realized foreign exchange gains[8]. - The financial income from interest increased to 39,890,730.21, compared to 28,733,932.71 in the previous period, marking an increase of 38.5%[24]. - The company experienced a decrease in sales expenses to 21,233,426.19, down from 26,124,387.26, a reduction of 18.5%[24]. Accounting and Compliance - The company has adopted the new accounting policy effective January 1, 2023, as per the Ministry of Finance's announcement[35]. - The third quarter report was not audited[37].

Financial Performance - The company's operating revenue for H1 2023 reached RMB 3,430 million, representing a 3.8% increase compared to H1 2022[19] - The net cash flow from operating activities for H1 2023 was RMB 779 million, a significant increase of 235.7% compared to H1 2022[7] - The gross profit for the same period was RMB 539.21 million, reflecting a decrease of 20.49% from RMB 678.20 million in the previous year[32] - Net profit attributable to the owners of the parent company was RMB 332.60 million, down 28.29% from RMB 463.83 million in the prior year[33] - The basic and diluted earnings per share decreased to RMB 0.40, down 27.27% from RMB 0.55 in the same period last year[32] - The company's operating costs rose by 10.10% to RMB 2,890.8 million, compared to RMB 2,625.6 million in the same period last year[86] - The net profit for the six months ended June 30, 2023, was RMB 334.0 million, down from RMB 463.9 million for the same period in 2022, with a profit margin decreasing from 14.04% to 9.74%[106] Revenue Segmentation - Sales in the new energy vehicle and automotive parts sector for H1 2023 amounted to RMB 1,630 million, a 54.1% increase compared to H1 2022[15] - Revenue from the new energy vehicle and automotive parts segment reached RMB 1,630.2 million, accounting for 47.53% of total revenue, up from 32.03% in the previous year[89] - Revenue from the wind power sector was 309 million yuan, with sales capable of equipping approximately 1.59 GW of wind turbines[79] - Domestic sales accounted for 78.20% of total revenue, while overseas sales made up 21.80%, compared to 89.15% and 10.85% respectively in the previous year[41] Production and Capacity - The total production of high-performance rare earth permanent magnet materials in H1 2023 was 6,690 tons, showing a compound annual growth rate of 9.4%[13] - The total production of high-performance rare earth permanent magnet materials using grain boundary diffusion technology reached 5,755 tons in H1 2023[13] - The company plans to increase its production capacity of high-performance rare earth permanent magnet materials to 40,000 tons by 2025, up from the current capacity of 23,000 tons[61] - In the first half of 2023, the company produced 5,755 tons of high-performance rare earth permanent magnet materials, a year-on-year increase of 38.36%, accounting for 86.03% of total product output[77] Research and Development - Research and development expenses for H1 2023 totaled RMB 175 million, reflecting the company's commitment to innovation[18] - In the first half of 2023, the company's R&D investment reached 174.7 million yuan, a year-on-year increase of 24.1%, accounting for 5.09% of the operating revenue during the same period[66] - The company aims to increase its R&D efforts to enhance production technology and diversify its product offerings, including reducing the use of heavy rare earths in high-performance materials[129] Market Trends and Outlook - The global consumption of rare earth permanent magnet materials is expected to increase from 209,500 tons in 2020 to 305,200 tons by 2025, reflecting a significant growth in demand[44] - The forecast for China's new energy passenger vehicle sales in 2023 is 8.5 million units, with a penetration rate of 36%[47] - The global sales of new energy vehicles in the first half of 2023 reached 5.8319 million units, a year-on-year increase of 40.15%[47] Corporate Governance - The board will regularly review and strengthen the company's corporate governance practices to ensure compliance with the corporate governance code[140] - The company emphasizes the importance of high standards of corporate governance and is committed to improving its governance structure continuously[137] - The company has adopted a standard of conduct for securities trading by directors and supervisors that meets or exceeds the requirements of the standard code[143] Shareholder Information - Major shareholder Cai Baogui holds 241,937,600 A shares, representing approximately 36.94% of the company's equity[161] - The company has a significant presence of state-owned enterprises among its major shareholders, with China Resources (Holdings) holding 11,423,600 H shares, which is 9.10% of the total equity[156] - The report indicates that the company has a diverse shareholder base, including investment management firms like Zhuque Fund Management, which holds 33,347,600 H shares, or 26.58% of the total equity[156] Environmental and Social Governance (ESG) - The company has been recognized for its ESG initiatives, including the construction of photovoltaic power stations and achieving carbon neutrality certification from SGS in 2022[67] - The company aims to reduce greenhouse gas emissions and resource consumption by 5% to 10% annually through increased use of green energy and enhanced recycling of raw materials[132] Strategic Partnerships and Expansion - The company has established stable strategic partnerships with major rare earth suppliers, including Northern Rare Earth Group and China Rare Earth Group, and has been recognized as a "Quality Customer" for two consecutive years[65] - The company is actively expanding into various sectors, including 3C, robotics, industrial servo motors, energy-saving elevators, and rail transit, maintaining a leading market position[60] - The company is actively expanding its international presence, establishing subsidiaries in Hong Kong, Europe, Japan, the United States, and Mexico to enhance its global business layout[71]

Financial Performance - The company reported a revenue of RMB 1.2 billion for the first half of 2023, representing a year-on-year increase of 25% compared to RMB 960 million in the same period of 2022[7]. - The net profit attributable to shareholders for the first half of 2023 was RMB 300 million, up 30% from RMB 230 million in the first half of 2022[7]. - The gross margin improved to 35% in the first half of 2023, compared to 32% in the same period last year, indicating better cost control and pricing strategies[7]. - The company aims to achieve a revenue target of RMB 2.5 billion for the full year 2023, representing a growth of 20% compared to 2022[7]. - The company reported a revenue of CNY 3,430,030,402.55 for the first half of 2023, representing a year-on-year increase of 3.82%[12]. - Net profit attributable to shareholders was CNY 332,602,221.89, a decrease of 28.29% compared to the same period last year[12]. - The net profit after deducting non-recurring gains and losses was CNY 287,703,975.61, down 37.65% year-on-year[12]. - The company reported a total revenue of ¥3,358,404,192.03 from operating activities, which is an increase of approximately 33.6% compared to ¥2,513,306,427.71 in the first half of 2022[130]. Research and Development - The company is investing RMB 150 million in R&D for new product development, focusing on high-performance magnetic materials and applications in renewable energy[7]. - R&D investment in H1 2023 was 174.75 million yuan, a year-on-year increase of 24.24%, accounting for 5.09% of total revenue[26]. - Research and development expenses for the first half of 2023 were reported at ¥174,748,571.94, compared to ¥140,658,162.56 in the previous year, indicating an increase of 24.19%[124]. Production and Capacity Expansion - The company plans to expand its production capacity by 20% in 2024 to meet increasing demand for high-performance neodymium-iron-boron magnets[7]. - In H1 2023, the company produced 5,755 tons of high-performance rare earth permanent magnet materials, a year-on-year increase of 38.36%, accounting for 86.03% of total product output[22]. - The company is constructing a 12,000 tons/year capacity project in Baotou and a 3,000 tons/year high-end magnetic material project in Ningbo, both progressing as planned[24]. Market and Customer Growth - User data indicates a 15% increase in the number of active customers, reaching 5,000 by the end of June 2023, compared to 4,350 at the end of June 2022[7]. - Revenue from the new energy vehicle and auto parts sector reached 1.630 billion yuan, a year-on-year increase of 54.04%, with sales capable of equipping approximately 2.031 million new energy passenger vehicles, up 104.74% year-on-year[22]. Financial Position and Cash Flow - The net cash flow from operating activities was CNY 779,162,899.62, a significant improvement from a negative CNY 573,889,443.75 in the previous year[12]. - The company achieved a significant reduction in inventory, with total inventory decreasing by 14.40% compared to the end of 2022, and raw material inventory decreasing by 31.30%[33]. - The company reported a significant increase in cash flow from operating activities, amounting to ¥779,162,899.62, compared to a negative cash flow of ¥573,889,443.75 in the first half of 2022[128]. Risk Management - The company has identified key risks including raw material price fluctuations and supply chain disruptions, and is implementing measures to mitigate these risks[2]. - The company has established stable partnerships with major rare earth suppliers, including Northern Rare Earth Group and China Rare Earth Group, to mitigate risks from price fluctuations[55]. - The company has implemented a cautious procurement and inventory strategy for rare earth materials in response to significant price volatility during the reporting period[55]. Corporate Governance and Compliance - The company has received multiple awards for its investor relations and corporate governance, including the "Outstanding IR Company" award[24]. - The financial statements were approved by the board on August 24, 2023, ensuring compliance with accounting standards[145]. - The company operates under the accounting principles established by the Ministry of Finance of China[143]. Environmental Responsibility - The company strictly adheres to environmental protection laws and regulations, promoting low-carbon products and optimizing resource utilization[79]. - The company invested approximately 6.76 million yuan in environmental protection in the first half of 2023, with an increase of 19.61% in total spending on environmental protection and occupational safety compared to the previous year[85]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[84]. Shareholder and Equity Information - The company has no plans to distribute cash dividends or issue bonus shares for the current fiscal year, opting to reinvest profits into growth initiatives[2]. - The company plans to maintain a cash dividend of 2.00 RMB per 10 shares and a capital reserve increase of 6 shares per 10 shares[69]. - The total number of common shareholders at the end of the reporting period is 61,707[110]. Strategic Initiatives - The company is exploring potential mergers and acquisitions to enhance its market position and expand its product offerings in the global market[7]. - The company plans to return the temporarily supplemented idle fundraising of 60 million RMB within 12 months from the board's approval date[46]. - The company is committed to using green energy and enhancing raw material recycling to reduce carbon emissions[86].

Financial Performance - The company's revenue for Q1 2023 was ¥1,650,586,918.86, representing a 9.40% increase compared to ¥1,508,713,746.90 in the same period last year[3] - Net profit attributable to shareholders was ¥178,203,776.63, an increase of 8.77% from ¥163,829,220.36 year-on-year[3] - The net profit after deducting non-recurring gains and losses decreased by 19.00% to ¥123,509,476.39 from ¥152,478,943.42 in the previous year[3] - The company reported a significant increase in government subsidies, which amounted to ¥58,729,750.24, up 802.83% from ¥6,505,092.27 in the previous year[6] - The company's basic earnings per share remained stable at ¥0.21, with a diluted earnings per share also at ¥0.21[3] - The weighted average return on equity decreased by 0.54 percentage points to 2.59% from 3.13% year-on-year[3] - Total operating revenue for the current period reached ¥1,650,586,918.86, an increase of 9.39% compared to ¥1,508,713,746.90 in the previous period[15] - Net profit for the current period was ¥178,834,120.15, representing a 9.36% increase from ¥164,009,577.57 in the previous period[15] - The total comprehensive income for the current period was ¥179,303,787.94, up from ¥164,381,228.17 in the previous period[16] Cash Flow - The net cash flow from operating activities improved significantly to ¥417,064,697.86, compared to a negative cash flow of ¥423,579,602.19 in the same period last year, marking a 198.46% change[3] - Cash flow from operating activities was ¥1,880,864,813.05, compared to ¥1,516,546,535.49 in the previous period, indicating a significant increase[17] - The net cash flow from operating activities for Q1 2023 was ¥417,064,697.86, a significant improvement compared to a net outflow of ¥423,579,602.19 in Q1 2022[18] - Total cash outflow from operating activities amounted to ¥1,463,800,115.19, down from ¥1,940,126,137.68 in the previous year[18] - Cash flow from investing activities showed a net inflow of ¥97,617,579.55, compared to a net outflow of ¥96,278,102.47 in Q1 2022[18] - The company reported cash inflow from financing activities of ¥2,111,895.33, a decrease from ¥3,870,737,935.91 in the same quarter last year[18] - The net cash flow from financing activities was -¥46,165,642.62, contrasting sharply with a positive inflow of ¥3,524,650,334.91 in Q1 2022[18] - The cash and cash equivalents at the end of Q1 2023 totaled ¥3,663,252,232.84, down from ¥4,008,102,021.05 at the end of Q1 2022[18] - The total cash increase for the period was ¥262,867,776.90, a decrease from ¥2,752,635,113.45 in Q1 2022[18] Assets and Liabilities - Total assets at the end of the reporting period were ¥11,647,364,692.27, a 3.80% increase from ¥11,220,455,751.51 at the end of the previous year[3] - Total current assets increased to ¥9,444,412,963.20 from ¥9,126,964,717.55, representing a growth of approximately 3.48%[12] - Cash and cash equivalents rose to ¥4,401,728,376.54, up from ¥4,130,247,580.42, indicating an increase of about 6.56%[12] - Total liabilities increased to ¥4,677,256,556.47 from ¥4,432,680,970.12, reflecting a rise of approximately 5.51%[13] - Total equity attributable to shareholders rose to ¥6,966,528,319.97 from ¥6,784,850,326.07, marking an increase of about 2.68%[13] - Non-current assets totaled ¥2,202,951,729.07, up from ¥2,093,491,033.96, reflecting an increase of about 5.22%[12] Operational Highlights - The production of high-performance rare earth permanent magnet materials reached 2,719 tons, a year-over-year growth of 47.39%[10] - Revenue from the new energy vehicle and auto parts sector was 804 million RMB, a substantial increase of 78.56% year-over-year[10] - Sales of new energy vehicle drive motor magnets could equip approximately 839,000 new energy passenger vehicles[10] - Revenue from energy-saving variable frequency air conditioning reached 355 million RMB, while wind power sector revenue was 138 million RMB[10] - Revenue from the robotics and industrial servo motor sector grew by 34% year-over-year, totaling 58.36 million RMB[10] - The company maintained strong production capacity and rapid product delivery capabilities despite external challenges such as fluctuations in rare earth material prices[10] Expenses - Total operating costs amounted to ¥1,517,945,511.74, up 13.98% from ¥1,331,618,203.81 in the prior period[15] - Research and development expenses increased to ¥71,827,115.07, up 22.08% from ¥58,826,903.24 year-over-year[15] - The company experienced a decrease in tax expenses to ¥11,209,704.75 from ¥18,814,302.79 in the previous period[15] - The company paid ¥154,533,295.69 to employees in Q1 2023, an increase from ¥119,213,815.52 in Q1 2022[18] - Tax payments in Q1 2023 were ¥24,441,471.58, compared to ¥12,749,698.83 in the same period last year[18] Receivables and Inventory - The company experienced a 52.19% decrease in notes receivable, primarily due to a reduction in commercial acceptance bills held at the end of the reporting period[6] - Accounts receivable slightly increased to ¥2,198,016,524.77 from ¥2,192,190,878.17, showing a marginal growth of 0.26%[12] - Inventory decreased to ¥1,867,793,289.50 from ¥1,931,141,038.83, representing a decline of approximately 3.29%[12] - The company reported a significant increase in other receivables, which rose to ¥67,955,766.16 from ¥10,182,239.39, a growth of approximately 567.73%[12] Foreign Exchange and Other Income - The company experienced a foreign exchange loss of -¥11,753,175.87 in Q1 2023, compared to -¥28,788,356.65 in Q1 2022[18] - Other comprehensive income after tax for the current period was ¥469,667.79, compared to ¥371,650.60 in the prior period[16] - The company reported an investment income of ¥3,529,748.18, an increase from ¥2,862,684.66 in the previous period[15]