河南黄河旋风股份有限公司 关于控股股东筹划重大事项的进展暨复牌公告 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。 证券代码：600172 证券简称：黄河旋风 公告编号：临 2023-026 相关手续。本次交易能否最终完成实施尚存在不确定性。 公司将严格按照有关法律法规的规定和要求履行信息披露义务，公司指定的 信息披露媒体为《上海证券报》及上海证券交易所网站 （www.sse.com.cn），公 司所有信息均以上述指定媒体刊登的公告为准。敬请广大投资者关注公司后续公 告，理性投资，注意投资风险。 特此公告。 河南黄河旋风股份有限公司董事会 2023 年 9 月 16 日 河南黄河旋风股份有限公司（以下简称"公司"）于 2023 年 9 月 10 日收到 公司控股股东河南黄河实业集团股份有限公司（以下简称"黄河集团"）的通知， 获悉其正在筹划可能导致公司控制权发生变更的重大事项。为保证公平信息披露， 维护投资者利益，避免造成公司股价异常波动，经公司向上海证券交易所申请， 公司股票于 2023 年 9 月 11 日(星期一)开 ...

证券代码：600172 证券简称：黄河旋风 公告编号：临 2023-027 河南黄河旋风股份有限公司 关于控股股东和实际控制人拟发生变更的提示性公告 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： 1、本次事项尚需取得国有资产监督管理部门同意批复和上海证券交易所的合 规性确认，并在中国证券登记结算有限责任公司办理协议转让股份过户相关手续。 本次交易能否最终完成实施尚存在不确定性，敬请广大投资者理性投资，注意投 资风险。 2、本次权益变动属于公司控股股东河南黄河实业集团股份有限公司（以下简 称"黄河集团"）与许昌市国有产业投资有限公司（以下简称"许昌产投"）签 署《股份转让协议》，将其持有的 135,000,000 股公司股份，占公司总股本的 9.36%，以 3.52 元/股的价格予以转让。 3、本次股份转让后，许昌产投将持有公司股份 135,000,000 股，占公司总股 本的 9.36%；另许昌市金投开发建设有限公司（以下简称"许昌金投"）持有公司 股份 98,280,298 股，占公司总股本 6.81% ...

特此公告。 河南黄河旋风股份有限公司（以下简称"公司"）于 2023 年 9 月 10 日收到公 司控股股东河南黄河实业集团股份有限公司（以下简称"黄河集团"）通知，黄 河集团及其一致行动人正在筹划重大事项，该事项可能导致公司控股股东及实际 控制人发生变更。 鉴于该事项正在洽谈中，尚存在不确定性，为保证公平信息披露，维护投资 者利益，避免造成公司股价异常波动，经公司向上海证券交易所申请，公司股票 于 2023 年 9 月 11 日、9 月 12 日停牌两个交易日，详见公司于 2023 年 9 月 11 日 披露的《关于控股股东筹划重大事项的停牌公告》（公告编号：临 2023-024）。 停牌期间，交易各方就相关事项进行进一步沟通，公司预计无法在 2023 年 9 月 13 日（星期三）上午开市起复牌。根据《上海证券交易所股票上市规则》《上 海证券交易所上市公司自律监管指引第 4 号——停复牌》等有关规定，经公司向 上海证券交易所申请，公司股票于 2023 年 9 月 13 日（星期三）开市起继续停牌， 预计停牌时间不超过三个交易日。 公司将根据上述事项进展情况，严格按照有关法律法规的规定和要求履行信 息披露义 ...

证券代码：600172 证券简称：黄河旋风 公告编号：临 2023-024 河南黄河旋风股份有限公司 关于控股股东筹划重大事项的停牌公告 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。 河南黄河旋风股份有限公司（以下简称"公司"）于 2023 年 9 月 10 日收到公 司控股股东河南黄河实业集团股份有限公司（以下简称"黄河集团"）通知，黄 河集团及其一致行动人正在筹划重大事项，该事项可能导致公司控股股东及实际 控制人发生变更。 上述事项正在洽谈中，尚存在不确定性，为保证公平信息披露，维护投资者 利益，避免造成公司股价异常波动，依据《上海证券交易所股票上市规则》《上 海证券交易所上市公司自律监管指引第 4 号——停复牌》等有关规定，经公司向 上海证券交易所申请，公司股票（证券代码：600172，证券简称：黄河旋风）将 于 2023 年 9 月 11 日（星期一）上午开市起停牌，预计停牌时间不超过二个交易 日。 停牌期间，公司将根据上述事项进展情况，严格按照有关法律法规的规定和 要求履行信息披露义务。待上述事项确定后，公司将 ...

Financial Performance - The company's operating revenue for the first half of 2023 was CNY 1,006,452,866.96, a decrease of 21.09% compared to CNY 1,275,463,838.53 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2023 was a loss of CNY 219,404,072.93, a decline of 413.32% from a profit of CNY 70,024,937.26 in the previous year[19]. - The net cash flow from operating activities decreased by 65.11%, amounting to CNY 136,324,303.01 compared to CNY 390,733,523.15 in the same period last year[19]. - Basic earnings per share for the first half of 2023 were -CNY 0.1576, a decrease of 413.32% from CNY 0.0503 in the same period last year[20]. - The weighted average return on net assets was -6.89%, a decrease of 9.01 percentage points from 2.12% in the previous year[20]. - The company reported non-recurring losses of CNY 223,752,048.91, compared to a profit of CNY 57,384,069.80 in the same period last year, reflecting a decline of 489.92%[19]. - The company reported a net loss of ¥206,080,368.49 for the period, compared to a profit of ¥13,323,704.44 in the previous period[83]. - The total comprehensive income for the first half of 2023 was CNY -219,512,666.23, contrasting with CNY 69,881,592.51 in the first half of 2022[91]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 9,966,371,205.17, an increase of 3.44% from CNY 9,635,131,026.38 at the end of the previous year[19]. - The net assets attributable to shareholders decreased by 6.67%, totaling CNY 3,072,416,332.96 compared to CNY 3,291,928,999.19 at the end of the previous year[19]. - The company's total liabilities increased significantly, with current liabilities reaching ¥673,652,769.40, a 153.32% increase compared to the previous year[33]. - The company's total liabilities reached ¥6,893,954,872.21, up from ¥6,343,202,027.19, indicating an increase of about 8.69%[83]. - The company's equity attributable to shareholders decreased to ¥3,072,416,332.96 from ¥3,291,928,999.19, reflecting a decline of about 6.66%[83]. Research and Development - Research and development expenses rose by 5.70% to CNY 47.92 million, reflecting increased investment in new product and technology development[30][31]. - Research and development expenses for the first half of 2023 were CNY 47,924,527.45, slightly up from CNY 45,338,445.89 in the same period last year[89]. - The company holds a total of 392 patents, with 10 new patent applications and 48 patents granted in the first half of 2023[28]. Market and Strategic Focus - The company is focused on the superhard materials sector and aims to improve profitability by adjusting its product structure according to market demand[28]. - The cultivated diamond segment is expected to have broader applications in high-tech fields such as microelectronics and quantum technology[25]. - The company plans to focus on market expansion and new product development in the upcoming quarters to improve financial performance[88]. - The company is expanding its market presence in Southeast Asia, targeting a 30% market share by the end of 2024[130]. Governance and Compliance - The company received a warning letter from the China Securities Regulatory Commission for accounting irregularities, resulting in an understated depreciation expense of CNY 4.4734 million and an overstatement of fixed assets by CNY 22.0289 million in 2021[61]. - The company is committed to improving compliance and governance practices following the regulatory actions, including enhanced training for executives on securities laws[64]. - The company held its annual general meeting on May 12, 2023, where several key reports were approved, including the 2022 annual report and the annual profit distribution proposal[43]. Environmental Responsibility - The company is classified as a key pollutant discharge unit and has implemented various environmental protection measures, including wastewater treatment facilities and air pollution control systems[50][51]. - The company actively monitors its environmental impact and has adopted energy-saving measures to reduce carbon emissions, including the use of energy-efficient lighting and recycling initiatives[56]. Financial Management - The company has implemented measures to enhance cash flow management and improve asset utilization efficiency to mitigate financial risks[39]. - The company plans to continue its focus on capital reserves and retained earnings to support future growth initiatives and potential market expansions[105]. - The company is actively managing its foreign currency exposure, with a focus on minimizing exchange rate risks[135]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 96,878[70]. - The largest shareholder, Henan Yellow River Industrial Group, holds 262,218,761 shares, accounting for 18.18% of the total shares[72]. - The company has not reported any significant changes in its major shareholders or actual controllers during the reporting period[65]. Future Outlook - The company provided a revenue guidance of $500 million for the next quarter, reflecting a 10% increase compared to the previous quarter[128]. - The company plans to implement new marketing strategies aimed at increasing brand awareness, with a budget allocation of $50 million[133]. - The company is exploring strategies for market expansion, although specific details were not provided in the current report[105].

证券代码：600172 证券简称：黄河旋风 公告编号：临 2023-022 河南黄河旋风股份有限公司 关于控股股东一致行动人部分股份解除质押及再质押 的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示: 公司于近日接到控股股东一致行动人乔秋生先生的通知，乔秋生先生将其所 持有的公司部分股份办理了解除质押及再质押手续。具体情况如下： 一、上市公司股份解除质押情况 控股股东一致行动人乔秋生先生已将质押给许昌市投资集团有限公司的 10,000,000 股无限售条件流通股办理了解除质押手续。情况如下： | 股东名称 | 乔秋生 | | --- | --- | | 本次解质股份 | 10,000,000 | | 占其所持股份比例 | 31.81% | 河南黄河旋风股份有限公司（以下简称"公司"）控股股东河南黄河实业集 团股份有限公司（以下简称"黄河集团"）持有公司股份 262,218,761 股， 占公司总股本的 18.18%；累计质押股份 212,178,000 股，占所持有公司股份 总数的 80.92%，占公 ...

证券代码：600172 证券简称：黄河旋风 公告编号：临 2023-021 河南黄河旋风股份有限公司 关于控股股东部分股份质押的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示: 一、上市公司股份质押情况 2023 年 8 月 8 日，公司接到黄河集团关于其持有公司部分股份质押的通知， 具体情况如下： | | | | 是否为限售 | | | | | 占其所 | 占公司 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 股东 | 是否为 | 本次质押股 | 股（如是， | 是否 | 质押 | 质押 | | 持股份 | 总股本 | 质押融 | | | 控股股 | | | 补充 | 起始 | 到期 | 质权人 | | | 资资金 | | 名称 | | 数 | 注明限售类 | | | | | 比例 | 比例 | | | | 东 | | | 质押 | 日 | 日 | | | | 用途 | | | | | 型） | | | ...

证券代码：600172 证券简称：黄河旋风 公告编号：临 2023-015 河南黄河旋风股份有限公司 关于参加河南辖区上市公司 2023 年投资者网上集体 接待日活动的公告 本公司监事会及全体监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。 为进一步加强与投资者的互动交流，河南黄河旋风股份有限公司（以下简称 "公司"）定于 2023 年 5 月 18 日（周四）16:00-17:20 参加在全景网举办的"真 诚沟通 传递价值"河南辖区上市公司 2023 年投资者网上集体接待日活动，本 次活动将采用网络远程的方式举行，投资者可登录"全景·路演天下"（http： //rs.p5w.net）参与本次互动交流。 出席本次网上集体接待日活动的人员有：公司董事长庞文龙、总经理陈治强、 财务总监董安文、董事会秘书袁超峰（如有特殊情况，参会人员将可能进行调整）， 欢迎广大投资者积极参与。 特此公告。 河南黄河旋风股份有限公司董事会 2023 年 5 月 13 日 ...

2023 年第一季度报告 证券代码：600172 证券简称：黄河旋风 河南黄河旋风股份有限公司 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 | 项目 | 本报告期 | 本报告期比上年同期增减 | | --- | --- | --- | | | | 变动幅度(%) | | 营业收入 | 564,881,965.88 | -6.69 | | 归属于上市公司股东的净利润 | -15,833,518.31 | -155.14 | | 归属于上市公司股东的扣除非经常 | -16,612,030.30 | -193.77 | | 性损益的净利润 | | | | 经营活动产生的现金流量净额 | 70,432,925.25 | -48.12 | 1 / 11 2023 年第一季度报告 | 基本每股收益（元/股） | | -0.0114 | -155.34 | | --- | --- | --- | --- | | 稀释每股收益（元/股） | | -0.0114 | -155.34 | | 加权平均净 ...

Financial Performance - Revenue in 2022 decreased by 9.13% to RMB 2,410,193,840.71 compared to 2021[16] - Net profit attributable to shareholders decreased by 28.37% to RMB 30,818,940.90 in 2022[16] - Net cash flow from operating activities decreased by 27.89% to RMB 705,659,436.85 in 2022[16] - Total assets decreased by 9.96% to RMB 9,635,131,026.38 at the end of 2022[16] - Revenue for 2022 decreased to 2,050,933,110.13 RMB from 2,380,506,965.57 RMB in 2021, a decline of approximately 13.8%[68] - Operating profit for 2022 was 44,835,850.10 RMB, down from 73,005,695.42 RMB in 2021, a decrease of 38.6%[68] - Net cash flow from operating activities in 2022 was 705,659,436.85 RMB, compared to 978,648,583.39 RMB in 2021, a decrease of 27.9%[70] - Cash paid for the purchase of goods and services in 2022 was 1,270,358,939.56 RMB, down from 1,636,776,925.18 RMB in 2021, a decrease of 22.4%[70] - Cash paid to employees and for employee benefits in 2022 was 205,294,301.54 RMB, down from 222,440,855.15 RMB in 2021, a decrease of 7.7%[70] - Cash paid for taxes in 2022 was 154,620,090.85 RMB, up from 115,405,704.31 RMB in 2021, an increase of 34%[70] - Cash flow from financing activities in 2022 was -632,263,256.79 RMB, compared to -508,586,110.72 RMB in 2021, a further decrease of 24.3%[72] - Cash and cash equivalents at the end of 2022 were 350,059,271.71 RMB, down from 362,803,143.07 RMB at the end of 2021, a decrease of 3.5%[72] - Interest expenses in 2022 were 338,938,218.15 RMB, up from 328,884,351.62 RMB in 2021, an increase of 3.1%[68] - R&D expenses in 2022 were 76,022,805.72 RMB, down from 77,301,373.58 RMB in 2021, a decrease of 1.7%[68] - Comprehensive income for the period increased by 34,284,938.68 RMB[79] - Total comprehensive income for the period was 63,483,341.10 RMB[80] - Profit distribution included an extraction of surplus reserve amounting to 6,348,334.11 RMB[80] - The company's profit for the year was RMB 36.81 million, with an income tax expense of RMB 5.99 million[187] - The company received RMB 26.99 million in government subsidies during the period, a significant increase from RMB 2.78 million in the previous period[187] - The company's interest income increased to RMB 29.81 million, compared to RMB 11.99 million in the previous period[187] Fixed Assets and Depreciation - The company's fixed assets increased from RMB 5,221,069,238.74 at the beginning of the period to RMB 5,362,301,672.84 at the end of the period[3] - The total original value of fixed assets increased by RMB 583,368,420.58 during the period, with the largest increase in machinery and equipment at RMB 470,123,310.99[4] - The accumulated depreciation of fixed assets increased by RMB 419,272,523.70 during the period, with the largest increase in machinery and equipment at RMB 281,132,247.09[5] - The company's impairment provision for fixed assets increased by RMB 7,123,398.93 during the period, all of which was for machinery and equipment[5] - The net book value of fixed assets at the end of the period was RMB 5,362,301,672.84, with machinery and equipment accounting for RMB 2,942,647,966.40[5] Receivables and Bad Debt - The actual write-off amount of other receivables is RMB 600,000[1] - The top five other receivables at the end of the period account for 40.82% of the total other receivables, with the largest single receivable amounting to RMB 92,863,876.72, representing 36.51% of the total[1] - Other receivables aged 1-2 years increased to RMB 54,224,044.65, while those aged 3-4 years increased significantly to RMB 139,069,952.30[174] - Bad debt provision for other receivables amounted to RMB -103,431,115.06, reflecting a significant increase in credit risk[174] - The total other receivables decreased from RMB 268.19 million at the beginning of the period to RMB 254.36 million at the end of the period, a decrease of 5.16%[175] - The bad debt provision increased from RMB 107.92 million at the beginning of the period to RMB 103.43 million at the end of the period, with a net increase of RMB 3.83 million[176][177] Inventory and Cost Management - The company's inventory balance at the end of the period was 869,844,327.12 yuan, with a provision for inventory impairment of 45,311,518.54 yuan[159] - The company's provision for inventory impairment decreased by 27,879,732.33 yuan during the period, from 73,191,250.87 yuan at the beginning of the period to 45,311,518.54 yuan at the end of the period[161] - Inventory is classified into raw materials, semi-finished products, finished goods, and low-value consumables, and is initially measured at cost[102] - Inventory is measured at the lower of cost or net realizable value, with provisions for inventory write-downs made when cost exceeds net realizable value[103] - Low-value consumables and packaging materials are amortized using the one-time write-off method[104] Corporate Governance and Internal Control - The company's board of directors and supervisory board members actively participate in training and play a crucial role in corporate governance[34] - The company emphasizes the importance of internal control system construction and execution in its annual work plan[34] - Total actual remuneration for directors, supervisors, and senior management at the end of the reporting period was 4.6912 million yuan[38] - The company approved the 2022 Q1, Q2, and Q3 reports during the 8th Board of Directors meetings[39] - The company proposed a non-public issuance of A shares in 2022, including a feasibility analysis report on the use of raised funds[39] - The company plans to conduct financing lease (sale-leaseback) business with Zhejiang Bank Leasing[39] - The company approved a three-year (2022-2024) shareholder return plan[39] - The company corrected prior accounting errors during the 2022 4th interim meeting of the 8th Board of Directors[39] Environmental and Social Responsibility - The company is listed as a key pollutant discharge unit by the environmental protection department due to producing over 100 tons of hazardous waste annually[41] - The company has formulated an emergency plan for sudden environmental incidents and submitted it to the local environmental protection department for record[42] - The company has implemented various energy-saving measures to reduce carbon emissions, focusing on electricity and water resource consumption[43] - The company actively fulfills its social responsibilities, including tax payment, employment provision, and participation in social welfare activities[44] Shareholding and Equity - The total number of shares remained unchanged at 1,442,184,476 shares[50] - The number of restricted shares decreased by 52,033,464 shares, resulting in a total of 165,928,726 restricted shares, accounting for 11.51% of the total shares[50] - The number of unrestricted shares increased by 52,033,464 shares, reaching 1,276,255,750 shares, representing 88.49% of the total shares[50] - Foreign shareholding decreased by 52,033,464 shares, resulting in no foreign shares remaining[50] - The total number of ordinary shareholders at the end of the reporting period was 95,638[51] - The number of ordinary shareholders decreased to 102,823 by the end of the month preceding the annual report disclosure[51] - Xuchang Jintou Development and Construction Co., Ltd. holds 78,516,001 restricted shares with no clear release date[52] - Henan Yellow River Industrial Group Co., Ltd. holds 26,035,713 restricted shares, which became tradable on November 13, 2018[52] - Guoyuan Securities Co., Ltd. holds 6,942,858 restricted shares with no clear release date[52] - The company's largest shareholder, Henan Yellow River Industrial Group Co., Ltd., holds 18.18% of the shares, with 209.578 million shares pledged[55] - The second-largest shareholder, Xuchang Jintou Development and Construction Co., Ltd., holds 6.81% of the shares, with 78.516 million shares[55] - The company's actual controller has pledged over 80% of their shares, indicating significant financial leverage[58] - The company's top ten shareholders include institutional investors such as UBS AG and China Construction Bank, holding 0.95% and 1.51% of shares respectively[55] Loans and Financing - The total guarantee amount for subsidiaries during the reporting period was 9,500,000.00, accounting for 0.29% of the company's net assets[53] - The company secured a mortgage loan of 50 million RMB using multiple properties as collateral, with a loan period from January 21, 2022, to February 13, 2023[190] - The company obtained a 70 million RMB loan using 121 sets of 650-type, 60 sets of 800-type, and 40 sets of 850-type synthetic diamond hydraulic presses as collateral, with a repayment of 600,000 RMB, leaving a balance of 69.4 million RMB[191] - The company's subsidiary secured a 40 million RMB mortgage loan using multiple properties as collateral, with a loan period from February 18, 2022, to January 10, 2023[194] - The company obtained an 80 million RMB mortgage loan using multiple properties as collateral, with a loan period from August 19, 2022, to August 18, 2023[196] - The company secured a mortgage loan of 40 million RMB from China Everbright Bank Xuchang Changge Branch, using multiple properties as collateral, with a loan term from September 15, 2022, to September 14, 2023[198] - The company obtained another mortgage loan of 100 million RMB from China Everbright Bank Xuchang Changge Branch, using additional properties as collateral, with a loan term from September 27, 2022, to September 26, 2023[199] - The company secured a mortgage loan of 70 million RMB from Industrial Bank Co., Ltd. Xuchang Branch, using properties and equipment valued at 159.0192 million RMB as collateral, with a loan term from September 16, 2022, to March 16, 2023[200] - The mortgage loans are backed by guarantees from Henan Huanghe Industrial Group Co., Ltd., with guarantee periods extending three years beyond the loan terms[198][199][200] Accounting and Financial Reporting - The company has no significant changes in accounting policies or estimates, with no impact on the financial statements from the implementation of "Accounting Standards Interpretation No. 15"[46][47] - The company's internal control audit was conducted by Lixin Certified Public Accountants, with a fee of 100,000[48] - The company has no major litigation, arbitration, or illegal activities involving its directors, supervisors, senior management, controlling shareholders, or actual controllers[48] - The company has no significant related-party transactions or changes in its leasing and contracting situations[49] - The audit report confirmed that the financial statements for 2022 were prepared in accordance with accounting standards and fairly represent the company's financial position[60] - The company's revenue recognition policies were scrutinized, with a focus on ensuring compliance with revenue standards and identifying any potential manipulation[61] - The company's key audit focus was on revenue recognition, with detailed procedures to ensure the accuracy of revenue reporting, including sample checks of sales contracts and customer interviews[61] - The company's revenue from superhard materials and related products showed a significant decline, impacting overall financial performance[61] - The audit process included detailed checks on sales contracts, invoices, and customer acceptance documents to verify the authenticity of recorded revenues[61] - The company's financial statements were approved by the 8th Board of Directors on April 21, 2023[81] - The company's accounting period is from January 1 to December 31[83] - The company uses RMB as its functional currency[84] - The company's consolidated financial statements include all subsidiaries[85] - Foreign currency transactions are recorded at the spot exchange rate on the transaction date, and monetary items are translated at the spot exchange rate on the balance sheet date, with exchange differences recognized in profit or loss[89] - Non-trading equity investments can be irrevocably designated as financial assets measured at fair value through other comprehensive income (FVTOCI) at initial recognition[90] - Financial assets classified as fair value through profit or loss (FVTPL) include trading financial assets, derivative financial assets, and other non-current financial assets, measured at fair value with changes recognized in profit or loss[91] - Financial liabilities classified as FVTPL include trading financial liabilities and derivative financial liabilities, measured at fair value with changes recognized in profit or loss[91] - Financial assets are derecognized when the contractual rights to receive cash flows expire or when the risks and rewards of ownership are transferred[92] - Financial liabilities are derecognized when the obligation is discharged or when the terms are substantially modified[94] - The fair value of financial instruments is determined using quoted prices in active markets or valuation techniques when no active market exists[95] - Expected credit losses for financial assets are estimated based on past events, current conditions, and forecasts of future economic conditions[96] - Credit risk is considered to have increased significantly if a financial instrument is more than 30 days past due, unless there is evidence to the contrary[97] - For trade receivables and contract assets, the company always measures loss allowances at an amount equal to lifetime expected credit losses[97] - Accounts receivable expected credit loss determination and accounting treatment methods are applicable[99] - Contract assets are recognized based on the relationship between fulfilling performance obligations and customer payments[105] - Non-current assets or disposal groups held for sale are classified when they meet specific criteria, including being immediately available for sale and having a high likelihood of sale within one year[108] - Long-term equity investments in subsidiaries are measured using the cost method unless they meet the criteria for held-for-sale[109] - Investment properties are measured using the cost model, with depreciation and amortization policies consistent with those for fixed assets and intangible assets[111] - Borrowing costs are capitalized when they are directly attributable to the acquisition, construction, or production of qualifying assets[113] - Capitalization of borrowing costs begins when specific conditions are met, including the occurrence of asset expenditures and the commencement of necessary activities to prepare the asset for use or sale[114] - The company capitalizes borrowing costs for specific loans by subtracting interest income or investment returns from unused loan funds[115] - General borrowing costs are capitalized based on the weighted average of cumulative asset expenditures exceeding specific loans, multiplied by the capitalization rate of general borrowings[115] - Foreign currency exchange differences on specific loans are capitalized during the capitalization period[115] - Intangible assets are initially measured at cost, with subsequent amortization based on their useful life[117] - Land use rights are amortized over 40-50 years using the straight-line method[117] - Software and patent technologies are amortized over 5-8 years and 10 years, respectively, using the straight-line method[117] - Development phase expenditures are capitalized if they meet specific criteria, including technical feasibility and intent to complete the asset[118] - Long-term assets are tested for impairment if there are indications of reduced recoverable amounts[120] - Goodwill and intangible assets with indefinite useful lives are tested for impairment annually[120] - Contract liabilities are recognized based on the relationship between performance obligations and customer payments[123] - The company's estimated liabilities are recognized when the obligation is a present obligation, fulfillment is likely to result in an outflow of economic benefits, and the amount can be reliably measured[128] - The company's equity-settled share-based payments are measured at the fair value of the equity instruments granted, with costs recognized over the vesting period[129] - For cash-settled share-based payments, the company measures the fair value of the liability and recognizes costs over the vesting period, with changes in fair value recognized in profit or loss[130] - The company classifies perpetual bonds/preferred shares as financial liabilities if they meet specific conditions, otherwise as equity instruments[131] - Revenue is recognized when the customer obtains control of the goods or services, indicated by factors such as the transfer of legal title or physical possession[132] - Government grants are classified as either asset-related or income-related, with recognition occurring when the conditions are met and the grant is receivable[134] - The company classifies financial instruments based on their economic substance rather than legal form, determining whether they are financial assets, liabilities, or equity instruments[135] - Revenue from performance obligations satisfied over time is recognized based on the progress of completion, using either the output or input method[136] - Contract costs, including fulfillment and acquisition costs, are capitalized if they are expected to be recoverable and are amortized based on revenue recognition[137] - Government grants related to assets are either deducted from the carrying value of the relevant assets or recognized as deferred income, which is then systematically amortized over the useful life of the asset[138] - Deferred tax assets and liabilities are recognized based on temporary differences between the tax base and the carrying value of assets and liabilities[140] - The company reviews the carrying value of deferred tax assets at each balance sheet date and writes down the value if it is unlikely that sufficient taxable profit will be available to utilize the deferred tax asset[141] - The company assesses contracts at inception to determine if they