证券代码:600104 证券简称:上汽集团 公告编号:临 2023-064 上海汽车集团股份有限公司2023年11月份产销快报 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、误导性陈运或者重大遗漏、并对其内容的真实性、准确性和完整性承担法律责任。 上海汽车集团股份有限公司2023年11月份产销快报数据如下: | | | | | 产量(辆) | | | | | | 销量(辆) | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 車位 | 本月数 | 去年 | 月度 | 本年 | 去年 | 累计 | 本月数 | 去年 | 月度 | 本年 | 去年 | 累计 | | | | 同期 | 同比 | 累计 | 累计 | 同比 | | 同期 | 同比 | 累计 | 累计 | 同比 | | 上汽大众 汽车有限公司 | 132,192 | 130,721 | 1.13% | 1,078,882 | 1,239,260 | -12.94% | 120,013 | 111,823 | 7.32% | ...

2023年第三季度报告 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 2023 年第三季度报告 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法律责任。 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 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 ...

Financial Performance - Revenue for the first half of 2023 reached RMB 326.55 billion, a year-on-year increase of 3.34%[15] - Net profit attributable to shareholders of the listed company was RMB 7.09 billion, up 2.54% year-on-year[15] - Operating income for the first half of 2023 was RMB 316.41 billion, a year-on-year increase of 3.73%[15] - Basic earnings per share (EPS) for the first half of 2023 was RMB 0.616, up 2.67% year-on-year[16] - Weighted average return on equity (ROE) remained stable at 2.51%, unchanged from the same period last year[16] - Total revenue for the first half of 2023 reached RMB 326.55 billion, a 3.34% increase compared to RMB 315.99 billion in the same period last year[97] - Operating costs for the first half of 2023 amounted to RMB 321.45 billion, a 3.45% increase from RMB 310.73 billion in the same period last year[97] - Net profit attributable to parent company shareholders reached 7,085,046,010.73 yuan, an increase of 2.54% compared to the same period last year[98] - Total comprehensive income for the period was 9,973,795,245.87 yuan, up 41.19% year-on-year[99] - Basic earnings per share increased to 0.616 yuan from 0.600 yuan in the previous year[99] - Operating income for the parent company grew to 40,745,414,181.33 yuan, a 24.89% increase compared to the same period last year[100] - Sales revenue from goods and services received in cash increased to 337.88 billion RMB in the first half of 2023, up from 295.90 billion RMB in the same period last year[102] - Sales revenue from goods and services reached RMB 30.85 billion, a 38.3% increase compared to RMB 22.31 billion in the same period last year[104] Cash Flow and Financial Position - Net cash flow from operating activities surged by 246.54% to RMB 6.89 billion, primarily due to adjustments in loan scale by SAIC Finance[16] - Net cash flow from operating activities improved significantly to 6.89 billion RMB in the first half of 2023, compared to a negative 4.70 billion RMB in the same period last year[103] - Net cash flow from financing activities decreased by 148.81% to RMB -10.68 billion, mainly due to reduced external financing and increased debt repayments[24] - Cash and cash equivalents decreased by 10.33% to RMB 139.13 billion, accounting for 14.77% of total assets[27] - Net cash flow from operating activities was RMB 568.12 million, a significant improvement from a negative RMB 3.55 billion in the previous year[104] - Cash received from tax refunds increased to 4.99 billion RMB in the first half of 2023, up from 2.45 billion RMB in the same period last year[102] - Cash paid for employee compensation increased to 22.96 billion RMB in the first half of 2023, up from 20.62 billion RMB in the same period last year[103] - Cash paid for taxes increased to 18.57 billion RMB in the first half of 2023, up from 12.94 billion RMB in the same period last year[103] - Net cash flow from investing activities was negative 8.38 billion RMB in the first half of 2023, compared to a positive 32.85 billion RMB in the same period last year[103] - Cash received from investments increased to 230.85 billion RMB in the first half of 2023, up from 210.63 billion RMB in the same period last year[103] - Cash paid for investments increased to 237.20 billion RMB in the first half of 2023, up from 173.21 billion RMB in the same period last year[103] - The company's cash and cash equivalents decreased by 11.34 billion RMB in the first half of 2023, compared to an increase of 50.45 billion RMB in the same period last year[103] - Cash received from tax refunds amounted to RMB 450.88 million[104] - Total cash inflow from operating activities increased to RMB 32.46 billion, up 37.9% from RMB 23.54 billion in the prior year[104] - Cash outflow for purchasing goods and services rose to RMB 27.17 billion, a 26.3% increase from RMB 21.52 billion[104] - Net cash flow from investing activities was negative RMB 9.87 billion, compared to negative RMB 6.58 billion in the previous year[104] - Cash received from investments and returns on investments totaled RMB 7.37 billion, a 78.6% increase from RMB 4.13 billion[104] - Cash outflow for investments surged to RMB 15.47 billion, up 61.5% from RMB 9.58 billion[104] - Net cash flow from financing activities was RMB 4.70 billion, a significant decrease from RMB 16.00 billion in the prior year[104] - The company's cash and cash equivalents at the end of the period stood at RMB 21.01 billion, down from RMB 25.61 billion at the beginning of the period[104] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 941.67 billion, a decrease of 4.89% compared to the end of the previous year[15] - Accounts receivable increased by 4.10% to RMB 65.49 billion, representing 6.95% of total assets[27] - Inventory rose by 4.67% to RMB 92.67 billion, making up 9.84% of total assets[27] - Long-term equity investments decreased by 8.92% to RMB 58.88 billion, accounting for 6.25% of total assets[27] - Overseas assets totaled RMB 92.56 billion, representing 9.83% of total assets[28] - Long-term loans increased by 48.18% to RMB 51.20 billion, accounting for 5.44% of total assets[27] - Bonds payable decreased by 34.40% to RMB 9.92 billion, representing 1.05% of total assets[27] - The company's total financial assets measured at fair value amounted to RMB 121.60 billion at the end of the reporting period[31] - The company's investment in China Merchants Bank (600036) had a book value of RMB 10.16 billion at the end of the period[32] - Total securities investments had a book value of RMB 10.54 billion at the end of the reporting period[33] - Total current assets decreased to RMB 556.37 billion from RMB 582.17 billion compared to the end of 2022[91] - Monetary funds decreased to RMB 139.13 billion from RMB 155.16 billion compared to the end of 2022[91] - Accounts receivable increased to RMB 65.49 billion from RMB 62.91 billion compared to the end of 2022[91] - Inventory increased to RMB 92.67 billion from RMB 88.54 billion compared to the end of 2022[91] - Total non-current assets include long-term equity investments of RMB 58.88 billion, down from RMB 64.65 billion at the end of 2022[91] - Fixed assets increased to RMB 80.99 billion from RMB 79.24 billion compared to the end of 2022[91] - Construction in progress decreased slightly to RMB 15.69 billion from RMB 15.74 billion compared to the end of 2022[91] - Other current assets decreased to RMB 93.46 billion from RMB 107.94 billion compared to the end of 2022[91] - Trading financial assets increased to RMB 52.98 billion from RMB 45.23 billion compared to the end of 2022[91] - Other receivables increased to RMB 17.85 billion from RMB 15.90 billion compared to the end of 2022[91] - Total assets decreased from 990.11 billion yuan to 941.67 billion yuan, a decline of 4.89%[92] - Total liabilities increased from 653.81 billion yuan to 604.03 billion yuan, a decrease of 7.61%[92] - Intangible assets increased from 18.92 billion yuan to 19.40 billion yuan, a growth of 2.52%[92] - Development expenditure rose from 3.28 billion yuan to 3.66 billion yuan, an increase of 11.75%[92] - Short-term borrowings decreased from 38.34 billion yuan to 35.75 billion yuan, a decline of 6.76%[92] - Accounts payable increased from 166.64 billion yuan to 171.03 billion yuan, a growth of 2.63%[92] - Contract liabilities decreased from 25.34 billion yuan to 22.72 billion yuan, a decline of 10.34%[92] - Long-term borrowings increased from 34.56 billion yuan to 51.20 billion yuan, a growth of 48.14%[92] - Retained earnings decreased from 156.91 billion yuan to 160.34 billion yuan, a growth of 2.19%[93] - Monetary funds decreased from 25.72 billion yuan to 21.12 billion yuan, a decline of 17.88%[94] - Total assets as of June 2023 stood at RMB 319.68 billion, a 1.89% increase from RMB 313.74 billion at the end of 2022[95] - Long-term equity investments as of June 2023 were RMB 143.16 billion, a slight decrease from RMB 143.66 billion at the end of 2022[95] - Fixed assets as of June 2023 increased to RMB 18.81 billion, up 13.58% from RMB 16.56 billion at the end of 2022[95] - Total liabilities as of June 2023 were RMB 101.85 billion, a 7.76% increase from RMB 94.51 billion at the end of 2022[96] - Shareholders' equity as of June 2023 was RMB 217.83 billion, a slight decrease from RMB 219.23 billion at the end of 2022[96] R&D and Innovation - The company's R&D and innovation efforts are led by the Innovation Research and Development Institute, focusing on new technologies and products[9] - The company implemented four major technical projects: next-generation full-stack 3.0 intelligent vehicle solution, electric vehicle energy closed-loop technology, advanced manufacturing integration technology, and central coordinated motion controller (VMC) technology[19] - The company established a new energy vehicle development three-year action plan command center and formed two key teams for IM and passenger vehicle companies[19] - The company is focusing on developing next-generation intelligent electric vehicle architecture, including central centralized control, cloud-edge-device integration, and intelligent driving technologies[20] - SAIC Motor's Robotaxi project achieved over 2.3 million kilometers of autonomous driving and ranked first in an international detection benchmark[22] - SAIC Motor's self-developed BEV fusion detection solution ranked first in an international detection benchmark[22] - SAIC Motor's investment in R&D reached RMB 7.95 billion, a 3.72% year-on-year increase[25] - R&D expenses for the first half of 2023 were RMB 7.95 billion, a 3.72% increase compared to RMB 7.67 billion in the same period last year[97] - R&D expenses decreased by 46.13% to 638,188,041.45 yuan[100] Market and Sales Performance - The company achieved wholesale sales of 2.072 million vehicles and retail sales of 2.238 million vehicles in the first half of 2023, maintaining a leading position in the domestic industry[19] - Overseas sales reached 533,000 vehicles, leading the domestic industry in vehicle exports[19] - The company plans to launch 3 new pure electric models under the IM brand and 10 new models under the SAIC Motor Passenger Vehicle Company by 2025[19] - China's auto industry sold 13.239 million vehicles in the first half of 2023, a year-on-year increase of 9.8%, with new energy vehicle sales reaching 3.747 million units, up 44% year-on-year[19] - Vehicle exports from China reached 2.14 million units in the first half of 2023, a year-on-year increase of over 75%, ranking first globally[19] - The company's Q2 sales increased by 32.5% compared to Q1, outperforming the market growth rate[19] - Vehicle sales reached 2.072 million units, a decrease of 7.28% year-on-year, while consolidated operating income increased by 3.34% to RMB 326.55 billion, and net profit attributable to shareholders rose by 2.54% to RMB 7.09 billion[22] - IM Motors' first pure electric SUV, the LS7, ranked first in monthly sales among Chinese brands in the 30,000 RMB+ pure electric SUV segment, and SAIC Motor's passenger vehicle division saw a 100% year-on-year increase in new energy vehicle sales[22] - MG brand sold 115,000 units in Europe in the first half of the year, a 143% year-on-year increase, with new energy vehicles accounting for over 50% of sales[22] - SAIC-GM-Wuling's new model, the Wuling Bingo, sold over 60,000 units since its launch in late March[22] - SAIC-GM's new energy vehicle sales increased by 46% year-on-year, driven by the launch of the Buick Electra E5 and E4 models[22] Environmental and Social Responsibility - The company implemented energy-saving measures, reducing carbon emissions by 5,347 tons annually through various projects[58] - The company's energy service business helped clients reduce energy consumption by 2.625 million kWh, saving 735 tons of standard coal and reducing operating costs by 2.236 million yuan[58] - The company added 6 new photovoltaic power generation projects with a total capacity of 18MW, bringing the cumulative number of operational photovoltaic projects to 34 with a total capacity of 208MW, generating 105.91 million kWh of electricity in the first half of the year[58] - The company's subsidiaries continued poverty alleviation efforts in Yunnan Province, focusing on industrial development, infrastructure, education, and consumption support[59] - The company's 9 subsidiaries are preparing to launch a new round of rural revitalization projects in Chongming District and Jinshan District, focusing on party building, industrial development, ecological livability, and education support[59] - Wastewater discharge outlets: 31, located at various roads including Minfeng Road, Hejing Road, etc[50] - Waste gas discharge outlets: 824, distributed in paint shops, body shops, assembly shops, etc[50] - Chemical Oxygen Demand (COD) total emission: 153 tons, against a total allowance of 1747 tons[50] - Ammonia Nitrogen (NH3-N) total emission: 6 tons, against a total allowance of 108 tons[50] - Nitrogen Oxides (NOx) total emission: 44 tons, against a total allowance of 450 tons[50] - Sulfur Dioxide (SO2) total emission: 5 tons, against a total allowance of 63 tons[50] - COD emission concentration averages: SAIC Motor 94mg/L, SAIC Volkswagen 58mg/L, SAIC General Motors 109mg/L, SAIC-GM-Wuling 38mg/L[50] - NH3-N emission concentration averages: SAIC Motor 2mg/L, SAIC Volkswagen 4mg/L, SAIC General Motors 3mg/L, SAIC-GM-Wuling 1mg/L[50] Related Party Transactions - The total expected amount for the "Commodity Supply Framework Agreement" between SAIC Group and related parties in 2023 is 1,380,000 million yuan, with actual transactions in the first half of the year amounting to 307,204.76 million yuan[70] - The total expected amount for the "Comprehensive Service Framework Agreement" between SAIC Group and related parties in 2023 is 600,000 million yuan, with actual transactions in the first half of the year amounting to 112,453.93 million yuan[70] - The total expected amount for the "Housing, Land, and Vehicle Lease Framework Agreement" between SAIC Group and related parties in 2023 is 50,000 million yuan, with actual transactions in the first half of the year amounting to 9,069.23 million yuan[70] - The total expected amount for the "Financial Services Framework Agreement" (excluding SAIC Finance Company) between SAIC Group and related parties in 2023 is 320,000 million yuan, with actual transactions in the first half of the year amounting to 189,939.19 million yuan[70] - The expected deposit interest amount for SAIC General Corporation and related enterprises in SAIC Finance Company for 2023 is 43,000 million yuan, with actual transactions in the first half of the year amounting to 2,904.29 million yuan[71] - The expected loan amount (including interest) for SAIC General Corporation and related enterprises in SAIC Finance Company for 2023 is 160,000 million yuan[71] - The expected amount for other financial services (e.g., bills) for SAIC General Corporation and related enterprises in SAIC Finance Company for 2023 is 110,000 million yuan[71] - The total expected amount for the "Commodity Supply Framework Agreement" between SAIC Group and Banma Network Technology Co., Ltd. in 2023 is 65,000 million yuan[72] - The total expected amount for the "Comprehensive Service Framework Agreement" between SAIC Group and Banma Network Technology Co., Ltd. in 2023 is 60,000 million yuan[72] - The total expected amount for the "Commodity Supply Framework Agreement" between SAIC Group and Contemporary Amperex Technology Co., Ltd. in 2023 is 4,293,000 million yuan, with actual transactions in the first half of the year amounting to 962,299.60 million yuan[74] - SAIC Motor and its subsidiaries supplied goods to related parties with an expected annual amount of 490 million yuan in 2023, and the actual amount in the first half of 2023 was 45.2451 million yuan

2023年第一季度报告 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 2023 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法律责任。 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 ...

2022年年度报告 公司代码：600104 公司简称：上汽集团 上海汽车集团股份有限公司 2022 年年度报告 ...

2022 年第三季度报告 单位：元 币种：人民币 1 / 12 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 年第三季度报告 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法律责任。 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 信息的真实、准确、完整。 第三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 本报告期比 年初至报告 | --- | --- | --- | --- | --- | |------------------------------------------------|--------------------|---------------------------|--------------------|-------------------- ...

公司代码：600104 公司简称：上汽集团 2022 年半年度报告 上海汽车集团股份有限公司 2022 年半年度报告 1 / 133 2022 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人陈虹、主管会计工作负责人卫勇及会计机构负责人（会计主管人员）顾晓琼声明： 保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述，不构成公司对投资者的实质承诺，敬请投 资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 报告期内，不存在对公司生产经营产生实质性影响的特 ...

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].