公证天业会计师事务所(特殊普通合伙) 对深圳证券交易所《关于对十堰市泰祥实业股份有 限公司的重组问询函》的回复 公证天业会计师事务所(特殊普通合伙) 对深圳证券交易所《关于对十堰市泰祥实业股份有 限公司的重组问询函》的回复 深圳证券交易所: 由十堰市泰祥实业股份有限公司(以下简称"泰祥股份")转来的贵所《 关于对十堰市泰祥实业股份有限公司的重组间询函》（创业板非许可类重组问 询函(2023)第2号,以下简称问询函)奉悉。我们已对问询函中要求申报会计 师核查并发表明确意见的事项进行了专项核查,现对有关事项专项说明如下: 一、报告期内,宏马科技向前五大客户销售实现的营业收入合计占比分别为 87.74%、82.59%、78.13%,其中,第一大客户为一汽集团,其余四大客户分别 为上海大众动力总成有限公司、蒂森克虏伯、上汽大众和华域皮尔博格泵技术有 限公司等。宏马科技取得的供应商资质认证共计 18 项,其中一级、二级、三级 供应商资质分别为 5 项、11 项、2 项。 (1) 请补充说明宏马科技各级供应商资质的取得过程,需要满足的研发等 具体能力标准和要求。 | 序号 | 客户名称 | 所属集团 | 取得时间 | | ...

Financial Performance - Total operating revenue for Q3 2022 was RMB 211.42 billion, an increase of 13.29% year-on-year[4] - Net profit attributable to shareholders for Q3 2022 was RMB 5.74 billion, a decrease of 18.43% compared to the same period last year[4] - Net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 4.53 billion, down 26.45% year-on-year[4] - Basic earnings per share for the year-to-date period was RMB 1.10, a decrease of 37.49% compared to the previous year[5] - Total operating revenue for Q3 2022 was approximately ¥527.41 billion, a decrease of 4.4% compared to ¥552.71 billion in the same period last year[16] - Net profit for Q3 2022 was approximately ¥17.14 billion, down 40.0% from ¥28.52 billion in Q3 2021[17] - Earnings per share for Q3 2022 were ¥1.099, compared to ¥1.758 in Q3 2021, reflecting a decline of 37.5%[18] - The total comprehensive income for Q3 2022 was approximately ¥11.52 billion, down from ¥30.50 billion in Q3 2021, indicating a decline of 62.2%[18] Cash Flow and Liquidity - Cash flow from operating activities for the year-to-date period was RMB 5.10 billion, down 26.53% year-on-year[5] - The net cash flow from operating activities for the first three quarters of 2022 was CNY 5,100,229,133.04, a decrease of 26.5% compared to CNY 6,942,004,674.95 in the same period of 2021[20] - Total cash inflow from operating activities was CNY 528,648,528,062.90, down from CNY 547,011,966,578.83 in the previous year, reflecting a decline of approximately 3.3%[20] - The net increase in cash and cash equivalents was CNY 52,813,991,041.67, compared to CNY 12,046,028,669.67 in the same period of 2021, showing a significant improvement[22] - The total cash and cash equivalents at the end of the period reached CNY 179,723,616,095.34, up from CNY 135,893,311,110.23 at the end of the same period last year[22] Assets and Liabilities - Total assets at the end of the reporting period were RMB 967.79 billion, an increase of 5.55% compared to the end of the previous year[5] - The total liabilities of the company as of September 30, 2022, were RMB 613.31 billion, compared to RMB 545.01 billion at the end of 2021, indicating an increase of approximately 12.5%[14] - The company's total assets reached approximately ¥967.79 billion in Q3 2022, compared to ¥916.92 billion in Q3 2021, marking a growth of 5.6%[15] - Total liabilities increased to approximately ¥638.62 billion in Q3 2022, up from ¥588.15 billion in the same period last year, representing an increase of 8.6%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 240,347[8] - The company reported a total of 188.18 million shares repurchased, accounting for 1.61% of the total share capital[9] - The company has completed the transfer of 679.42 million A-shares, representing 5.82% of the total share capital, to China COSCO Shipping Group[10] Challenges and Market Conditions - The company faced challenges due to pandemic lockdowns, supply chain issues, and rising raw material costs, impacting profitability significantly[7] Investment and R&D - Research and development expenses for the first three quarters of 2022 were approximately ¥12.66 billion, slightly up from ¥12.60 billion in the same period last year[16] - The company reported investment income of approximately ¥10.76 billion for Q3 2022, a significant decrease from ¥18.58 billion in Q3 2021[16] Inventory and Equity - The company's inventory as of September 30, 2022, was RMB 92.21 billion, significantly higher than RMB 56.64 billion in the previous year, marking an increase of around 62.9%[14] - The total equity attributable to shareholders was approximately ¥272.84 billion in Q3 2022, a slight decrease from ¥273.77 billion in Q3 2021[15]

Financial Performance - Total operating revenue for the first half of 2022 was ¥315.99 billion, a decrease of 13.69% compared to ¥366.10 billion in the same period last year[14]. - Net profit attributable to shareholders was ¥6.91 billion, down 48.10% from ¥13.31 billion year-on-year[14]. - Basic earnings per share for the first half of 2022 were ¥0.600, a decline of 47.83% from ¥1.150 in the previous year[15]. - The weighted average return on equity decreased by 2.46 percentage points to 2.51%[15]. - The company reported a total operating cost of CNY 310.73 billion, down 13.0% from CNY 357.02 billion in the previous year[81]. - The total profit for the first half of 2022 was CNY 12.18 billion, down 49.1% from CNY 23.95 billion in the first half of 2021[82]. - The company's total comprehensive income for the first half of 2022 was RMB 5,801,539,533.62, compared to RMB 7,896,439,533.98 in the same period of 2021, indicating a decrease[92]. Cash Flow - Net cash flow from operating activities decreased by 396.80%, resulting in a negative cash flow of ¥4.70 billion[14]. - Cash inflow from operating activities was CNY 319.79 billion, down from CNY 365.95 billion in the first half of 2021, reflecting a decrease of 12.6%[85]. - Cash outflow from operating activities totaled CNY 324.49 billion, compared to CNY 364.37 billion in the first half of 2021, indicating a decrease of 10.9%[85]. - The net cash flow from investment activities was -6,582,067,000.70 RMB, contrasting with a positive cash flow of 351,177,072.73 RMB in the previous year[88]. - The net cash flow from financing activities increased significantly to 16,001,928,234.09 RMB, compared to -818,453,934.37 RMB in the same period last year[88]. Market and Sales Performance - The automotive industry in China faced challenges with a total vehicle sales decline of 6.6% year-on-year, totaling 12.057 million units sold, while the company's own sales of self-owned brand passenger vehicles and new energy vehicles grew by 16.5% and 115% respectively[20]. - In the first half of the year, the company achieved vehicle sales of 2.234 million units, nearing last year's level and outperforming the market, with a 32.9% year-on-year increase in new energy vehicle sales to 393,000 units[23]. - The company maintained a market share of over 50% for its self-owned brands, with self-owned brand sales reaching 1.139 million units[23]. - Exports and overseas sales increased by 47.7% year-on-year, totaling 381,000 units, indicating strong international demand[23]. Strategic Initiatives and Innovations - The company is focusing on innovation in electric and intelligent connected vehicles, with significant investments in core technologies such as new energy, software, and artificial intelligence[22]. - The company aims to enhance user experience by transforming its operational model to be more user-centric, leveraging its extensive user base and service network[21]. - The company is actively pursuing cross-industry collaborations in areas such as artificial intelligence, chip design, and big data operations to strengthen its competitive edge[22]. - The company has developed several advanced technology platforms, including the "Star Cloud" electric vehicle system and the "Blue Core" powertrain system, to support its electric and intelligent vehicle offerings[22]. Environmental and Social Responsibility - The company emphasizes environmental protection, with a focus on wastewater and emissions management, adhering to national and local standards[44]. - The total amount of COD emissions was 1,821 tons, with actual emissions at 148 tons, indicating compliance with environmental regulations[44]. - The company has established a dedicated environmental protection leadership group to oversee compliance and improvement in environmental practices[44]. - The company has actively engaged in poverty alleviation and rural revitalization efforts, assisting 760 disadvantaged families in the first half of 2022[54]. Financial Position and Assets - Total assets at the end of the reporting period were ¥950.01 billion, an increase of 3.61% from ¥916.92 billion at the end of the previous year[14]. - Net assets attributable to shareholders increased by 1.50% to ¥277.89 billion[14]. - The total liabilities amounted to approximately ¥618.27 billion, reflecting an increase from the previous year[76]. - The company’s total assets reached approximately ¥553.22 billion at the end of the reporting period[89]. Related Party Transactions - The company reported a total of 3,450 million CNY in expected annual related party transaction amounts for 2022, with 828.796 million CNY actually occurring in the first half of the year[59]. - The total expected amount for related party transactions in 2022 is CNY 310 million, with CNY 87.1 million realized in the first half of 2022[60]. - The total amount of guarantees provided by the company, excluding subsidiaries, is CNY 369.6 million, which accounts for 1.55% of the company's net assets[67]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period was 235,917[68]. - The largest shareholder, Shanghai Automotive Industry (Group) Co., Ltd., held 7,988,004,016 shares, representing 68.37% of the total shares[71]. - The company repurchased a total of 69,458,741 shares, accounting for 0.59% of the total share capital, with a total repurchase amount of approximately RMB 1.36 billion[71]. Risks and Challenges - The company attributed the decline in revenue and profit to the impact of COVID-19 on the automotive supply chain and rising raw material costs[17]. - The company faces risks from economic pressures including demand contraction and supply chain instability due to geopolitical conflicts and monetary policy tightening in developed economies[39]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[50].

2022 年第一季度报告 单位：元 币种：人民币 证券代码：600104 证券简称：上汽集团 上海汽车集团股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | |-----------------------------------------------|--------------------|-------------------------------------| | 项目 本报告期 | | 本报告期比上年同期增减 变动幅度 (%) | | 营业总收入 | 182,471,908 ...

Financial Performance - The total operating revenue for 2021 was CNY 779.85 billion, an increase of 5.08% compared to CNY 742.13 billion in 2020[16]. - The net profit attributable to shareholders of the listed company reached CNY 24.53 billion, reflecting a growth of 20.08% from CNY 20.43 billion in the previous year[16]. - The net profit after deducting non-recurring gains and losses was CNY 18.58 billion, which is a 4.68% increase from CNY 17.74 billion in 2020[16]. - The company reported an operating income of CNY 759.91 billion, up 5.10% from CNY 723.04 billion in the previous year[16]. - Total revenue reached 779.85 billion yuan, representing a year-on-year growth of 5.1%, while net profit attributable to shareholders was 24.53 billion yuan, up 20.1%[24]. - The company achieved total vehicle sales of 5.464 million units, with retail sales reaching 5.811 million units, a year-on-year increase of 5.5%[24]. - The sales of new energy vehicles increased by 128.9% to 733,000 units, ranking first in China and among the top three globally[24]. - The company reported a net profit of ¥33.94 billion, representing a 16.5% increase compared to ¥29.19 billion in 2020[172]. - The comprehensive income for the year amounted to RMB 35.36 billion, reflecting a significant increase compared to the previous year[179]. Cash Flow and Investments - The net cash flow from operating activities was CNY 21.62 billion, a decrease of 42.39% compared to CNY 37.52 billion in 2020[16]. - The company reported a significant fluctuation in net cash flow from operating activities across quarters, with Q2 showing a negative cash flow of ¥423.37 million[19]. - The net cash flow from operating activities for 2021 was ¥21,615,739,153.91, a decrease of 42.5% compared to ¥37,517,935,804.19 in 2020[176]. - The net cash flow from investing activities was -¥1,497,529,157.01, an improvement from -¥7,110,266,592.95 in 2020[177]. - The company received ¥6,135,340,377.11 from investments, which included cash from minority shareholders, compared to ¥985,602,190.22 in 2020[177]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 6.82 per 10 shares, totaling CNY 7.85 billion, based on a total share capital of 11,505,840,704 shares[4]. - Cash dividends amounted to 9.22 billion yuan, accounting for 45.1% of the net profit attributable to shareholders for the year[25]. - The company implemented a cash dividend policy, distributing 6.82 CNY per 10 shares, totaling approximately 7.85 billion CNY for the 2020 profit distribution[94]. Research and Development - Research and development expenses rose to RMB 19.67 billion, an increase of 46.83% compared to the previous year[32]. - The company is focusing on the development of new energy vehicles and has made significant advancements in core technologies such as software, artificial intelligence, and big data[29]. - The number of R&D personnel was 31,748, making up 14.4% of the total workforce[39]. Market Expansion and Sales - The company expanded its overseas market presence, with overseas sales reaching 697,000 units, a year-on-year increase of 78.9%[24]. - The proportion of self-owned brand vehicle sales reached 52.3%, with a year-on-year increase of 10%[24]. - The company aims for total vehicle sales to exceed 6 million units in 2022, representing a year-on-year growth of over 10%[64]. Corporate Governance and Compliance - The company received an A rating for its information disclosure practices from the Shanghai Stock Exchange, reflecting its commitment to transparency[69]. - The board of directors consists of 7 members, including 3 independent directors, and held 11 meetings during the reporting period[68]. - The company has not reported any significant differences in governance practices compared to regulatory requirements[69]. Environmental Responsibility - The company has established an environmental protection leadership group to enhance its environmental protection system and strictly implement various environmental policies[100]. - The company has implemented measures to enhance energy management and promote green manufacturing practices[110]. - In 2021, SAIC Group achieved energy savings of 24,000 tons of standard coal, reducing carbon emissions by approximately 1%[112]. Risk Management - The company is focused on risk management, particularly in supply chain and quality control, to ensure steady improvement in operational quality[64]. - The company faced risks including uncertainty in automotive production and sales due to recurring pandemics, supply chain disruptions from chip shortages, and geopolitical instability affecting raw material prices[65]. Employee Development and Training - In 2021, the company trained 1.91 million personnel, accumulating around 830,000 person-days of training[93]. - The company has built 9 national-level and 11 Shanghai-level skill master studios, supporting over 4000 skilled personnel in achieving vocational skill level upgrades in 2021[93]. Financial Position - The company's total assets reached RMB 328.77 billion, indicating a solid asset base for operations[179]. - The debt-to-asset ratio decreased to 64.14% in 2021 from 66.28% in 2020, showing a reduction of 3.23%[153]. - The company's retained earnings grew to ¥148.76 billion in 2021, up from ¥134.96 billion in 2020, indicating an increase of about 10.2%[169].

Financial Performance - Total revenue for Q3 2021 was RMB 186.62 billion, a decrease of 13.17% compared to the same period last year[4] - Net profit attributable to shareholders was RMB 7.04 billion, down 14.75% year-on-year[4] - Operating income for the period was RMB 181.76 billion, reflecting a 13.50% decline compared to the previous year[4] - The basic earnings per share for the period was RMB 0.608, a decrease of 14.12% year-on-year[4] - Total operating revenue for the first three quarters of 2021 reached ¥552.71 billion, an increase of 10.83% compared to ¥498.66 billion in the same period of 2020[17] - Operating income was ¥538.37 billion, up from ¥484.65 billion year-over-year, reflecting a growth of 11.09%[17] - The total revenue for Q3 2021 reached ¥35.27 billion, an increase of 45.1% compared to ¥24.32 billion in Q3 2020[18] - Net profit for Q3 2021 was ¥28.52 billion, up 33.4% from ¥21.37 billion in the same period last year[18] - Earnings per share (EPS) for Q3 2021 was ¥1.758, compared to ¥1.426 in Q3 2020, reflecting a growth of 23.3%[19] - The company reported a total comprehensive income of ¥30.50 billion for Q3 2021, compared to ¥20.68 billion in Q3 2020, marking a growth of 47.5%[19] - Operating profit for Q3 2021 was ¥34.98 billion, a significant increase of 45.7% from ¥24.00 billion in Q3 2020[18] Cash Flow and Assets - The net cash flow from operating activities decreased by 80.30%, amounting to RMB 6.94 billion year-to-date[4][8] - Cash flow from operating activities for the first three quarters of 2021 was ¥547.01 billion, an increase of 15.0% from ¥475.87 billion in the same period of 2020[20] - Cash flow from investing activities showed a net inflow of ¥10.99 billion in Q3 2021, contrasting with a net outflow of ¥4.12 billion in Q3 2020[22] - The ending balance of cash and cash equivalents as of Q3 2021 was approximately ¥135.89 billion, up from ¥121.92 billion in the same period last year, indicating a year-over-year increase of about 11.4%[23] - Total assets at the end of the reporting period were RMB 865.70 billion, a decrease of 5.84% from the end of the previous year[5] - Total current assets as of September 30, 2021, amounted to ¥517,124,982,387.85, a decrease from ¥566,174,697,350.23 at the end of 2020[12] - Total assets as of Q3 2021 amounted to approximately ¥926.34 billion, an increase of approximately ¥6.93 billion from the previous year[26] - The total liabilities increased to approximately ¥616.73 billion, reflecting an increase of about ¥7.36 billion compared to the previous year[26] - The company's total equity as of Q3 2021 was approximately ¥310.04 billion, showing a decrease of about ¥427.37 million from the previous year[26] Shareholder Information - Total number of common shareholders at the end of the reporting period was 241,885[9] - The largest shareholder, Shanghai Automotive Industry (Group) Co., Ltd., holds 7,904,760,961 shares, representing 67.66% of total shares[9] - Shareholders' equity attributable to the parent company increased by 4.14% to RMB 270.86 billion compared to the end of the previous year[5] Expenses and Liabilities - Total operating costs increased to ¥539.99 billion from ¥491.44 billion, representing a rise of 9.84%[17] - Research and development expenses surged to ¥12.60 billion, a significant increase of 41.06% from ¥8.90 billion in the previous year[17] - Total liabilities decreased to ¥544.07 billion from ¥609.37 billion, a reduction of 10.69%[15] - Long-term borrowings rose to ¥24.93 billion, up from ¥23.61 billion, indicating an increase of 5.59%[15] - The company's short-term borrowings were approximately ¥23.63 billion, unchanged from the previous year[26] - The company's total current liabilities amounted to approximately ¥511.98 billion, reflecting an increase of about ¥1.09 billion from the previous year[26] Other Information - The company has not disclosed any significant new product developments or market expansion strategies in this report[10] - There were no significant mergers or acquisitions reported during the quarter[10] - The company did not provide specific future outlook or performance guidance in this report[10] - The company executed the new leasing standards starting from 2021, impacting the financial statements accordingly[23] - Non-operating income and expenses totaled RMB 872.49 million for the period[6] - The company recorded a cash inflow of ¥64.55 billion from financing activities in Q3 2021, down 18.8% from ¥79.49 billion in Q3 2020[22] - The total assets disposal gain for Q3 2021 was ¥523.38 million, compared to a loss of ¥35.13 million in Q3 2020[18] - The company’s other comprehensive income after tax for Q3 2021 was ¥1.98 billion, a recovery from a loss of ¥697.64 million in Q3 2020[19] - The company reported a decrease in undistributed profits by approximately ¥426.34 million, bringing the total to approximately ¥134.96 billion[26]

Financial Performance - Total revenue for 2020 was CNY 742.13 billion, a decrease of 12.00% compared to 2019[16]. - Net profit attributable to shareholders was CNY 20.43 billion, down 20.20% from the previous year[16]. - The net cash flow from operating activities was CNY 37.52 billion, a decline of 18.92% year-on-year[16]. - The company reported a decrease in operating revenue of 12.52% to CNY 723.04 billion in 2020[16]. - The net profit after deducting non-recurring gains and losses was CNY 17.74 billion, down 17.78% from 2019[16]. - Basic earnings per share decreased by 20.04% to CNY 1.752 in 2020 from CNY 2.191 in 2019[18]. - The weighted average return on equity fell to 8.02% in 2020, down 2.51 percentage points from 10.53% in 2019[18]. - The company achieved a gross margin of 10.76% in the automotive manufacturing sector, a decrease of 1.39 percentage points from the previous year[31]. - The company's EBITDA for 2020 was RMB 52,417.47 million, representing a decrease of 7.16% compared to 2019[149]. - The company reported a total profit of CNY 35,891,624,675.43, a decline of 12.7% compared to CNY 40,957,792,203.69 in 2019[173]. Assets and Liabilities - The total assets at the end of 2020 reached CNY 919.41 billion, an increase of 8.25% compared to the end of 2019[16]. - Total liabilities reached ¥609.37 billion in 2020, an increase from ¥548.49 billion in 2019, which is a 11.1% growth[167]. - Shareholders' equity totaled ¥310.04 billion in 2020, up from ¥300.84 billion in 2019, indicating a 3.8% increase[168]. - The company's asset-liability ratio increased to 66.28% in 2020 from 64.58% in 2019, reflecting a rise of 2.63%[149]. - The total amount of capital contributions from shareholders was CNY 2.04 billion, indicating continued investor confidence[180]. Cash Flow - The total cash inflow from operating activities for 2020 was CNY 690.17 billion, a decrease of 8.4% from CNY 753.30 billion in 2019[176]. - The net cash flow from operating activities was CNY 37.52 billion, down 19% from CNY 46.27 billion in the previous year[176]. - The ending cash and cash equivalents balance increased to CNY 123.85 billion, up from CNY 109.82 billion at the end of 2019[177]. - The net cash flow from investment activities was negative CNY 7.11 billion, an improvement from negative CNY 39.26 billion in 2019[177]. - Cash inflow from financing activities was CNY 70.45 billion, compared to CNY 70.47 billion in the previous year[177]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 6.20 per 10 shares, totaling CNY 7.18 billion[4]. - The company has cumulatively distributed cash dividends amounting to CNY 34.22 billion over the last three years[4]. - In 2020, the company distributed cash dividends totaling approximately 7.18 billion RMB, which accounted for 35.13% of the net profit attributable to shareholders[67]. - The cash dividend for 2020 was 6.20 RMB per 10 shares, while the cash dividend for 2019 was 8.80 RMB per 10 shares[67]. Sales and Market Performance - The company achieved total vehicle sales of 5.6 million units in 2020, a year-on-year decrease of 10.2%, but saw a 7.6% increase in sales in the second half of the year[26]. - The company sold 320,000 new energy vehicles in 2020, representing a year-on-year growth of 73.4%, ranking first in China and third globally[26]. - The company’s overseas sales reached 267,000 units, with nearly 70% being self-owned brands, and sales in the European market exceeded 40,000 units, with 60% being new energy vehicles[27]. - The sales of passenger cars amounted to 2,340,036 units, reflecting a year-on-year decline of 17.34%, with production at 2,300,192 units, down 16.60%[46]. Research and Development - Research and development expenses amounted to ¥13,395,044,388.06, representing 2.07% of total revenue[38]. - The company has made significant investments in R&D for new technologies, including a new generation of electronic architecture and service-oriented software platforms[27]. - The company is focusing on technological advancements in electric vehicles, including self-developed battery systems and AI-driven smart driving technologies[27]. Corporate Governance and Compliance - The company has established a comprehensive corporate governance system to adapt to external changes and promote sustainable development[128]. - The board of directors consists of 7 members, including 3 independent directors, ensuring a balanced governance structure[128]. - The company emphasizes the importance of talent retention and has implemented various incentive mechanisms for key personnel[125]. - The company has not faced any penalties from securities regulatory agencies in the past three years[123]. Environmental and Social Responsibility - Shanghai Automotive Group's social responsibility efforts included cash and vehicle donations exceeding RMB 60 million (approximately USD 9 million) for pandemic relief, along with nearly 100 million pieces of protective supplies donated[93]. - The company has established a comprehensive environmental protection system, adhering to various pollution discharge standards, including a chemical oxygen demand (COD) limit of ≤500 mg/L for wastewater[96]. - The company has committed to supporting poverty alleviation, successfully helping four impoverished villages achieve poverty alleviation status[93]. Future Outlook - The company aims to achieve vehicle sales of 6.17 million units in 2021, representing a year-on-year growth of 10.2%[63]. - The projected total operating revenue for 2021 is 830 billion RMB, with operating costs estimated at 720 billion RMB[63]. - The company plans to enhance its digital transformation, aiming for a significant increase in user connections and digital revenue, while controlling costs effectively[62].