Financial Performance - In 2021, the company's operating revenue reached CNY 5,508,197,839.47, an increase of 23.61% compared to CNY 4,455,989,703.12 in 2020[20] - The net profit attributable to shareholders was CNY 152,104,404.48, representing a decrease of 11.78% from CNY 172,422,114.63 in the previous year[20] - The net cash flow from operating activities was CNY 259,700,896.43, down 40.16% from CNY 433,957,095.24 in 2020[20] - Basic earnings per share decreased to CNY 0.39, down 17.02% from CNY 0.47 in 2020[21] - The weighted average return on equity was 6.14%, a decrease of 2.04 percentage points from 8.18% in the previous year[21] - The operating cost increased to CNY 4,927,903,394.46, reflecting a growth of 26.25% year-on-year[37] - The company's revenue from internal combustion engines reached ¥5,311,735,315.26, a decrease of 10.33% compared to the previous year, with a gross margin of 10.33%, down by 1.40 percentage points[40] - Revenue from plastic pipes was ¥102,705,616.27, reflecting a decline of 11.66% year-over-year, with a gross margin of 11.66%, down by 5.88 percentage points[40] - The automotive segment generated revenue of ¥54,644,924.85, an increase of 3.82% year-over-year, with a gross margin of 3.82%, up by 1.01 percentage points[40] Assets and Liabilities - The total assets at the end of 2021 amounted to CNY 6,051,047,418.23, a 32.96% increase from CNY 4,550,907,806.74 in 2020[20] - The company's net assets attributable to shareholders increased by 39.36% to CNY 3,041,387,922.00 from CNY 2,182,460,463.01 in 2020[20] - The company's total liabilities reached ¥2,947,164,680.02, up from ¥2,296,583,512.66, marking a growth of around 28%[181] - Owner's equity increased to ¥3,103,882,738.21, compared to ¥2,254,324,294.08 in 2020, showing a significant rise of about 38%[181] - The total current assets reached ¥4,604,402,363.76, compared to ¥3,228,193,049.39 in 2020, representing an increase of approximately 43%[184] Cash Flow - The company reported a net cash flow from operating activities of -198.47 million RMB in Q1 2021, followed by positive cash flow in Q2 and Q4, indicating fluctuations in cash management[23] - Cash flow from operating activities decreased by 40.16% year-on-year, amounting to ¥259,700,896.43[51] - Cash flow from investing activities showed a slight decrease of 1.16%, totaling -¥399,542,379.69[52] - Cash flow from financing activities increased significantly, with a net amount of ¥699,233,448.61, compared to -¥12,845,400.00 in the previous year[52] Investments and Projects - The company completed a non-public offering of 66.84 million shares at a price of 11.22 RMB per share, raising a total of 750 million RMB, with a net amount of 740.34 million RMB[28] - The total investment for the Phase II project of the National VI engine intelligent manufacturing construction is 401 million RMB, with 300 million RMB funded from the raised capital, expected to achieve an annual production capacity of 150,000 National VI engines[29] - The green casting upgrade project has a total investment of 313.8 million RMB, with 250 million RMB from the raised capital, aiming for an annual production capacity of 600,000 engine blocks and covers[30] - The hydrogen fuel cell intelligent manufacturing project has a total investment of 136 million RMB, with 100 million RMB from the raised capital, expected to produce 20,000 square meters of proton exchange membranes and 2,000 fuel cell power systems annually[30] Market Position and Strategy - The company maintained a strong market position in the small and medium power diesel engine segment, covering power ranges from 10-280 kW[34] - The company’s market share improved through product innovation and cost advantages, with a focus on customer needs and market expansion[30] - The company is actively expanding its sales and service network across Southeast Asia and Europe[33] - The company is facing challenges due to rising raw material prices, which have impacted the growth rate of operating costs exceeding that of operating revenue[38] Research and Development - Research and development expenses rose to CNY 181,118,258.58, marking a 7.31% increase from the previous year[37] - The total R&D expenditure was ¥181,118,258.58, accounting for 3.29% of total revenue, indicating a focus on innovation[49] - The company plans to continue investing in R&D to drive future growth and innovation[188] Corporate Governance - The company has established a transparent performance evaluation and incentive mechanism for senior management, with annual salaries comprising basic, performance, and tenure-based incentives[104] - The company strictly adheres to the requirements of the Company Law and relevant regulations, ensuring a sound corporate governance structure and effective internal controls[68] - The board of directors is composed of qualified members, with established committees that support scientific decision-making and governance[69] - The company has implemented a transparent performance evaluation and incentive mechanism for its directors and senior management[71] Environmental Initiatives - The company has implemented a wastewater treatment system that meets national standards, saving approximately 1.1 million CNY in water costs annually[111] - The company has achieved a reduction of approximately 235.80 tons of CO2 emissions and 90 tons of standard coal through various energy-saving initiatives[111] - The company has received multiple awards for its environmental efforts, including "Anhui Province Circular Economy Demonstration Enterprise" and "Anhui Province Water-Saving Enterprise"[114] Shareholder Information - The company plans to distribute a cash dividend of CNY 1.05 per 10 shares, totaling CNY 45,737,991.50[5] - The proposed cash dividend for 2021 is ¥1.05 per 10 shares, amounting to a total distribution of ¥45,737,991.50, which represents 30.07% of the net profit attributable to shareholders[101] - The company has a cash dividend policy that emphasizes stable and sustainable returns to investors, with a minimum cash dividend ratio of 20% when cash flow allows[95][96]

2021 年第三季度报告 证券代码：600218 证券简称：全柴动力 安徽全柴动力股份有限公司 2021 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 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 1,349,184,711.70 | 16.15 | 4,046,992,838.58 | ...

Financial Performance - The company's operating revenue for the first half of 2021 was approximately CNY 2.70 billion, representing a 24.39% increase compared to CNY 2.17 billion in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2021 was approximately CNY 113.35 million, a 14.94% increase from CNY 98.61 million in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses increased by 68.26%, reaching approximately CNY 97.44 million compared to CNY 57.91 million in the same period last year[19]. - The basic earnings per share for the first half of 2021 was CNY 0.31, up 14.81% from CNY 0.27 in the previous year[19]. - The weighted average return on net assets increased to 5.10%, up from 4.76% in the same period last year, reflecting a 0.34 percentage point increase[19]. - The company's revenue for the first half of 2021 reached CNY 2,697,808,126.88, representing a 24.39% increase compared to the same period last year[29]. - The total sales volume of multi-cylinder engines was 232,700 units, an increase of 24.91% year-on-year[26]. - The sales of vehicle-mounted National VI products reached 25,500 units, a significant increase of 628.57% year-on-year[26]. - The net profit attributable to shareholders was CNY 113,345,200, reflecting a year-on-year growth of 14.94%[26]. - The company reported a net profit margin improvement, with retained earnings increasing to ¥780,393,588.33 from ¥693,992,149.52, a rise of approximately 12.4%[85]. Cash Flow and Financial Position - The company's net cash flow from operating activities decreased significantly by 113.49%, resulting in a net outflow of approximately CNY 45.26 million compared to a net inflow of CNY 335.64 million in the previous year[19]. - The operating cash flow for the period was negative at CNY -45,261,648.10, a decline of 113.49% compared to the previous year[30]. - The total assets at the end of the reporting period were approximately CNY 4.88 billion, a 7.25% increase from CNY 4.55 billion at the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were approximately CNY 2.26 billion, reflecting a 3.60% increase from CNY 2.18 billion at the end of the previous year[19]. - The company's cash and cash equivalents decreased by 23.57% to ¥360,910,209.66 from ¥472,182,644.42 at the end of the previous year[34]. - The total liabilities increased to ¥2,552,137,451.96 from ¥2,296,583,512.66, marking a growth of about 11.1%[81]. - The company's total equity at the end of the first half of 2021 was CNY 2,162,274,859.31, an increase from CNY 2,259,524,521.50 at the end of the previous year[108]. Research and Development - The company invested CNY 86,361,907.49 in R&D, which is a 29.70% increase compared to the previous year[30]. - Research and development expenses increased by 29.70% to ¥86,361,907.49 from ¥66,587,054.87 in the previous period[32]. - The company plans to enhance its core competitiveness through continuous technological innovation and product quality improvement[27]. - The company plans to enhance its innovation capabilities by utilizing a newly established advanced product testing laboratory to accelerate R&D and product upgrades[43]. Market and Sales Strategy - The company has established a comprehensive sales and service network covering Southeast Asia and Europe, enhancing its market presence[24]. - The company aims to strengthen cost control and expand market resources in response to intense competition in the engine market[43]. - The company will focus on developing high-end, environmentally friendly products to meet the increasing market demand due to the implementation of the National VI emission standards[43]. Environmental and Social Responsibility - The company has established a photovoltaic parking lot generating approximately 300,000 kWh annually, saving costs of about 255,000 CNY[53]. - The company has built a water supply system that saves around 90,000 m³ of municipal water annually, resulting in cost savings of approximately 1,100,000 CNY[53]. - The company has not faced any penalties from environmental authorities for pollution issues in recent years, highlighting its compliance with environmental regulations[53]. - The company has received several honors, including "Anhui Province Circular Economy Demonstration Enterprise" and "Anhui Province Water-saving Enterprise," recognizing its efforts in environmental protection[53]. - The company is committed to introducing new environmental protection equipment and upgrading existing facilities to further reduce pollutant emissions[53]. - The company’s major shareholder is involved in poverty alleviation efforts, indicating a commitment to social responsibility[56]. Corporate Governance and Compliance - The company has not experienced any major litigation or arbitration matters during the reporting period[62]. - There were no significant non-operating fund occupations by controlling shareholders or related parties during the reporting period[61]. - The company has not received any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[63]. - The company has made commitments to ensure that its major shareholders do not interfere with its management or misuse company assets[59]. - The company has not disclosed any major related party transactions during the reporting period[64]. - The company has not faced any bankruptcy reorganization matters during the reporting period[62]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 41,460[71]. - Anhui Quanchai Group Co., Ltd. holds 126,542,500 shares, accounting for 34.32% of total shares[73]. - The company distributed CNY 29,500,400.00 to shareholders during the first half of 2021, indicating a significant cash outflow[106]. - The total capital stock remained stable at CNY 368,755,000.00 throughout the reporting period[108]. Accounting and Financial Reporting - The company’s financial statements are prepared in accordance with the relevant accounting standards and guidelines, ensuring compliance and accuracy[117]. - The company adheres to accounting standards, ensuring that financial statements accurately reflect its financial position and performance[120]. - The accounting period for the company runs from January 1 to December 31 each year[121]. - The company's functional currency is Renminbi, while overseas subsidiaries use the currency of their primary economic environment[123].

股票简称：全柴动力 股票代码：600218 公告编号：临 2021-025 安徽全柴动力股份有限公司 关于参加安徽辖区上市公司 2021 年投资者 集体接待日活动的公告 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沟通交流，便于广大投资者更深入全面地 了解公司经营状况、发展战略、非公开发行事项、可持续发展等投资者 所关心的问题，公司将参加由安徽证监局指导、安徽上市公司协会与深 圳市全景网络有限公司共同举办的"2021 年安徽上市公司投资者集体接 待日"活动，现将有关事项公告如下： 本次投资者集体接待日活动将通过深圳市全景网络有限公司提供 的 网 上 平 台 举 行 ， 投 资 者 可 登 陆 " 全 景 · 路 演 天 下 " 网 站 （https://rs.p5w.net）参与公司本次投资者集体接待日活动。活动时 间为 2021 年 5 月 18 日（星期二）14:00-17:30。 出席本次集体接待日活动的人员有：公司董事、董事会秘书徐明余 先生，公司董事、副总经理、财务负责人刘吉文先生，公司 ...

2021 年第一季度报告 公司代码：600218 公司简称：全柴动力 安徽全柴动力股份有限公司 2021 年第一季度报告 1 / 24 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 | | 单位：元 币种：人民币 | | | --- | --- | --- | | 项目 | 本期金额 | 说明 | | 非流动资产处置损益 | -114,022.01 | | | 计入当期损益的政府补助，但与公司正常经营业务密切相关，符合国家政 策规定、按照一定标准定额或定量持续享受的政府补助除外 | 5,722,321.00 | | | 计入当期损益的对非金融企业收取的资金占用费 | 1,435,998.70 | | | 除同公司正常经营业务相关的有效套期保值业务外，持有交易性金融资 | 3,234,233.37 | | | 产、衍生金融资产、交易性金融负债、衍生金融负债产生的公允价值变动 | ...

2020 年年度报告 公司代码：600218 公司简称：全柴动力 安徽全柴动力股份有限公司 2020 年年度报告 1 / 156 2020 年年度报告 重要提示 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 经容诚会计师事务所（特殊普通合伙）审计，公司2020年度归属于母公司所有者的净利润为 172,422,114.63元，加年初未分配利润478,938,491.74元，提取法定盈余公积18,090,152.85元， 扣 除 2019 年 度 已 分 配 的 利 润 29,500,400.00 元 ， 2020 年 度 末 可 供 投 资 者 分 配 的 利 润 为 603,770,053.52元。公司拟以2020年12月31日总股本368,755,000股为基数，向全体股东每10股派 现金红利1.00元(含税)。本次分配利润支出总额为36,875,500.00元，剩余未分配利润 566,894,553.52元结转至以后年度分配。本年度不进行资本公积金转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本年度报告内容涉及的未来计划等前瞻性陈述因存在不确定性，不构成公司对投资者的实质承诺 ， ...

1 / 25 | 目录 | | --- | 2020 年第三季度报告 公司代码：600218 公司简称：全柴动力 安徽全柴动力股份有限公司 2020 年第三季度报告 | 一、 | 重要提示 | 3 | | --- | --- | --- | | 二、 | 公司基本情况 | 3 | | 三、 | 重要事项 | 5 | | 四、 | 附录 | 8 | 2020 年第三季度报告 一、 重要提示 1.1 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、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人谢力、主管会计工作负责人刘吉文及会计机构负责人（会计主管人员）王芳保证 季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 3 / 25 单位：元 币种：人民币 本报告期末 上年度末 本报告期末比上年度 末增减(%) 总资产 4,622,345,387.96 4,151,631,842.39 11.34 归属于上市公司股东的净资产 2,1 ...

Financial Performance - The company's operating revenue for the first half of 2020 was ¥2,168,840,159.83, representing a 10.82% increase compared to ¥1,957,046,496.73 in the same period last year[17]. - Net profit attributable to shareholders was ¥98,610,137.64, a significant increase of 117.94% from ¥45,246,952.50 in the previous year[17]. - The net cash flow from operating activities increased by 473.74% to ¥335,642,018.01, compared to ¥58,500,405.44 in the same period last year[17]. - Basic earnings per share rose to ¥0.27, reflecting a 125.00% increase from ¥0.12 in the previous year[18]. - The weighted average return on net assets increased by 2.45 percentage points to 4.76% compared to 2.31% in the same period last year[18]. - The increase in net profit was attributed to government land acquisition compensation, increased product sales, and cost reduction measures[19]. - Total assets at the end of the reporting period were ¥4,519,694,556.87, an 8.87% increase from ¥4,151,631,842.39 at the end of the previous year[17]. - The net assets attributable to shareholders increased by 3.51% to ¥2,106,153,489.87 from ¥2,034,793,676.59 at the end of the previous year[17]. - Non-recurring gains and losses totaled ¥40,702,520.56, including government subsidies and asset disposal gains[22]. Sales and Market Performance - The company sold 186,300 engines, representing a year-on-year increase of 6.76%[30]. - The company’s diesel engine sales benefited from strong performance in the commercial vehicle market, particularly trucks[29]. - The company achieved a cumulative sales volume of 2,494,300 units in the first half of the year, with a year-on-year growth of 7.99%[29]. - The company faced challenges during the initial COVID-19 outbreak but managed to recover production levels by March[30]. Research and Development - The company’s R&D expenses increased by 9.19% to CNY 66,587,054.87, indicating a focus on innovation[33]. - The company plans to enhance its R&D capabilities by utilizing funds to establish a new product testing laboratory[44]. - The company plans to continue investing in research and development, with R&D expenses reported at ¥66,587,054.87 for the first half of 2020[80]. Investment Activities - The company’s investment activities generated a net cash outflow of CNY 425,831,444.28, reflecting increased investment in structured deposits[33]. - Investment income increased by 61.93% to RMB 4,455,264.34 from RMB 2,751,292.89 in the previous period[35]. - The fair value change income rose by 68.51% to RMB 2,225,399.96 from RMB 1,320,628.38[35]. - The company reported a significant increase in asset disposal income, which surged by 9130.32% to RMB 25,545,895.60 from RMB 276,760.80[35]. Cash Flow and Liquidity - The company’s operating cash flow increased by 473.74% to CNY 335,642,018.01, driven by higher cash receipts from sales[33]. - Operating cash inflow for the first half of 2020 was CNY 1,591,016,219.42, an increase of 37.5% compared to CNY 1,157,394,842.18 in the same period of 2019[87]. - Cash inflow from sales of goods and services was CNY 1,570,734,177.52, an increase of 39.6% from CNY 1,125,478,763.81 in the first half of 2019[87]. - The company reported a net cash increase of CNY -90,644,974.73 for the first half of 2020, compared to CNY -18,926,475.43 in the same period of 2019[88]. Assets and Liabilities - The total liabilities reached RMB 4,019,978,245.00, compared to RMB 3,200,800,000.00 at the end of 2019, indicating an increase of about 25.6%[74]. - The company’s expected liabilities increased by 42.02% to RMB 25,044,054.72 from RMB 17,634,029.62 due to rising product quality costs[39]. - The total assets include trading financial assets of RMB 547,712,123.00, which accounts for 12.12% of total assets, up 110.73% from RMB 259,910,628.38[38]. Shareholder Information - The company has a total of 48,195 common stock shareholders as of the end of the reporting period[64]. - Anhui Quanchai Group Co., Ltd. holds 126,542,500 shares, accounting for 34.32% of the total shares[65]. - The company reported a profit distribution of CNY -29,500,400.00 to shareholders during the current period[93]. Environmental and Social Responsibility - The company has established a comprehensive environmental management system and has invested in various energy-saving projects, resulting in annual cost savings of approximately 258,450 RMB from renewable energy initiatives[58]. - The company has implemented measures to ensure wastewater meets Class I discharge standards and has upgraded its natural gas boilers to significantly reduce air pollutants[58]. - The company has not faced any penalties from environmental authorities for pollution issues in recent years, receiving multiple honors for its environmental efforts[59]. Corporate Governance - The company appointed new management, including the election of Xu Yuliang as General Manager[69]. - The company has not faced any significant litigation or arbitration matters during the reporting period[50]. - The company has maintained a good integrity status, with no significant debts or court judgments unmet during the reporting period[51]. Accounting Policies and Standards - The company adjusted its accounting policies to comply with new revenue recognition standards effective from January 1, 2020, impacting the classification of contract liabilities[60]. - The financial statements are prepared based on the going concern principle, with no identified issues affecting the company's ability to continue operations[108]. - The company adheres to the accounting standards and ensures that its financial reports accurately reflect its financial position and operating results[110].

2020 年第一季度报告 公司代码：600218 公司简称：全柴动力 安徽全柴动力股份有限公司 2020 年第一季度报告 1 / 24 | 一、 | 重要提示 3 | | --- | --- | | 二、 | 公司基本情况 3 | | 三、 | 重要事项 5 | | 四、 | 附录 8 | 2020 年第一季度报告 一、 重要提示 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 非经常性损益项目和金额 √适用 □不适用 | | 单位：元 币种：人民币 | | | --- | --- | --- | | 项目 | 本期金额 | 说明 | | 非流动资产处置损益 | 3,695,854.56 | | | 越权审批，或无正式批准文件，或偶发性的税收返还、减免 | | | | 计入当期损益的政府补助，但与公司正常经营业务密切相关，符合国 | 3,414,128.01 | | | 家政策规定、按照一定标准定额或定量持续享受的政府补助除外 | | | | 计入当期损益的对非金融企业收取的资金占用费 | 1,805,377.00 | | | 除同公司正常经营业务相关的有效套期保值业务外，持有 ...

Financial Performance - The company's operating revenue for 2019 was CNY 4,044,447,405.35, representing a year-on-year increase of 16.32% compared to CNY 3,477,083,409.01 in 2018[20]. - The net profit attributable to shareholders of the listed company reached CNY 96,779,498.68, a significant increase of 143.88% from CNY 39,683,114.72 in the previous year[20]. - Basic earnings per share for 2019 were CNY 0.26, up 136.36% from CNY 0.11 in 2018[21]. - The total assets of the company at the end of 2019 were CNY 4,151,631,842.39, reflecting a 15.25% increase from CNY 3,602,324,018.30 in 2018[20]. - The company's net assets attributable to shareholders increased to CNY 2,034,793,676.59, a growth of 5.02% from CNY 1,937,540,171.84 in the previous year[20]. - The company reported a significant increase in net profit after deducting non-recurring gains and losses, which rose by CNY 68,510,279.71 compared to the previous year[22]. - The weighted average return on net assets increased to 4.87%, up by 2.81 percentage points from 2.06% in 2018[21]. - The company achieved a net cash flow from operating activities of CNY 1.01 billion in the fourth quarter, recovering from a negative cash flow in the third quarter[9]. - The company reported a significant increase in sales of vehicle diesel engines, which became a key growth driver due to the robust performance of commercial vehicle production and sales[35]. Cash Flow and Investments - The net cash flow from operating activities decreased to CNY -18,740,548.65, compared to CNY -2,981,883.38 in 2018, indicating a decline of 528.48%[20]. - The company’s cash flow from investing activities decreased by 65.59%, mainly due to reduced net redemption of investment products[50]. - The net cash flow from investing activities was 66,809,571.36 yuan, down 65.59% from 194,135,540.17 yuan in the previous year[11]. - The net cash flow from financing activities was 12,576,883.83 yuan, compared to -19,113,497.49 yuan in the previous year, indicating a significant improvement[11]. - The company plans to use up to CNY 1.68 billion of temporarily idle raised funds for cash management, investing in short-term financial products with a maximum term of 12 months[91]. - The company intends to utilize up to CNY 500 million of idle self-owned funds for cash management, also focusing on high-security and liquid financial products[91]. Shareholder Returns and Dividends - The company plans to distribute a cash dividend of CNY 0.80 per 10 shares, totaling CNY 29,500,400.00, with remaining undistributed profits carried forward to future years[5]. - The company’s net profit attributable to shareholders for 2019 was CNY 96,779,498.68, with a total distributable profit of CNY 478,938,491.74 after accounting for the statutory surplus reserve[73]. - A cash dividend of CNY 0.80 per 10 shares is proposed, amounting to a total distribution of CNY 29,500,400.00, leaving a retained profit of CNY 449,438,091.74 for future distribution[74]. - The cash dividend proposal requires approval from more than half of the board and two-thirds of independent directors, as well as a majority of voting rights at the shareholders' meeting[72]. - The company has not adjusted its profit distribution policy during the reporting period, maintaining a consistent approach to shareholder returns[73]. Market and Competitive Position - The company has established a strong market presence in the small and medium power diesel engine segment, with products covering a power range of 8-280KW and certifications including EU E-mark[32]. - The company anticipates intensified competition in the engine market due to the extension of product lines by large engine manufacturers[66]. - The company aims to enhance its core competitiveness through technology upgrades and innovation in its main engine business[63]. - The company plans to continue its market expansion and product development strategies in the upcoming fiscal year[111]. Research and Development - Research and development expenses totaled CNY 146,294,409.16, up 9.91% from the previous year, accounting for 3.62% of total revenue[49]. - The company holds over 200 patents and has participated in several national key R&D projects, ensuring its technology remains competitive[32]. - The company is focused on continuous innovation and product technology upgrades to meet evolving customer demands and market conditions[35]. - The company plans to establish a new product testing laboratory to accelerate technology research and development[66]. Environmental and Social Responsibility - The company invested over 15 million RMB in environmental protection initiatives, achieving 100% wastewater recycling in production processes, saving approximately 912,300 m³ of water and 1.122 million RMB in costs in 2019[95]. - The company has recovered about 100 tons of waste oil annually and recycled approximately 5,000 tons of iron shavings from the machining process[95]. - The company has modernized its pollution control facilities, including the addition of two natural gas boilers to reduce air pollutants[95]. - The company is actively involved in poverty alleviation efforts in collaboration with the local government[93]. Governance and Compliance - The company has engaged Rongcheng Accounting Firm (Special General Partnership) for auditing services, with a fee of CNY 53,000 for the year[84]. - The audit committee reviewed the financial statements and confirmed they reflect the company's financial status and operating results accurately[127]. - The company maintained a governance structure compliant with the Company Law and relevant regulations, ensuring no significant discrepancies[123]. - The company has not faced any major litigation or arbitration matters during the reporting period[85]. - The company has not received any administrative penalties or public reprimands from the China Securities Regulatory Commission during the reporting period[86]. Employee and Management Structure - The total number of employees in the parent company was 2,457, while the total number of employees including major subsidiaries was 2,980[115]. - The company implemented a performance-based salary system, with frontline workers receiving piece-rate wages[116]. - The total remuneration for all directors, supervisors, and senior management in 2019 was 4.5382 million yuan (pre-tax)[113]. - The management team has extensive experience in the industry, with key members holding significant positions in related companies[111]. Financial Position and Assets - Total assets increased to CNY 4,151,631,842.39 as of December 31, 2019, up from CNY 3,602,324,018.30 in 2018, representing a growth of approximately 15.2%[149]. - Current assets totaled CNY 2,967,901,752.65, an increase from CNY 2,407,825,607.07 in the previous year, reflecting a growth of about 23.3%[150]. - Cash and cash equivalents rose to CNY 454,113,069.03, compared to CNY 394,918,426.32 in 2018, marking an increase of approximately 15%[149]. - Total liabilities increased to CNY 2,967,901,752.65, reflecting a significant rise from the previous year[150].