| 第二章 | 人员组成 | | 2 | | --- | --- | --- | --- | | 第三章 | 职责权限 | | 3 | | 第四章 | 决策程序 | | 3 | | 第五章 | 议事细则 | | 4 | | 第六章 | 罚 则 | | 6 | | 第七章 | 附 则 | | 7 | 第一章 总 则 第一条 为提高内蒙古北方重型汽车股份有限公司 （以下简称"公司"）科技创新工作质量，规范重要科技 创新事项的议事程序，更好地支撑业务发展，根据《中华 人民共和国公司法》、《公司章程》及其他有关规定，公 司特设立董事会科技创新委员会，并制订本工作规则。 第二条 本规则适用于公司董事会科技创新委员会及 工作支持部门。 第二章 人员组成 第三条 科技创新委员会由 3 名董事组成。 第四条 科技创新委员会委员由董事长或全体董事的 三分之一提名，由董事会以全体董事的过半数选举产生。 第五条 科技创新委员会设主任委员（召集人）一名， 由董事会确定，负责主持委员会工作。 第六条 科技创新委员会任期与董事会任期一致，委 员任期届满，可连选连任。期间如有委员不再担任公司董 事职务，自动失去委员资格。 第七条 科技创新 ...

关联存贷款等金融业务的风险评估报告 内蒙古北方重型汽车股份有限公司与兵工财务有限责任公司 截至 2023 年 6 月 30 日，内蒙古北方重型汽车股份有限公司及公司控股子公 司与兵工财务有限责任公司关联交易的人民币存款平均余额为 62,869.82 万元， 外币存款平均余额为 1,291.77 万美元，贷款余额 0 万元，利息支出 0 万元。本 公司与财务公司发生关联存贷款金融业务的风险主要体现在相关存款的安全性 和流动性，这些涉及财务公司自主经营中的业务和财务风险。根据财务公司提供 的有关资料和财务报表，并经本公司调查、核实，现将有关风险评估情况报告如 下： 一、财务公司的基本情况 公司注册资本为634,000万元，目前股东构成及出资比例如下：中国兵器工 业集团公司出资294,600万元，占注册资本的46.466%；中国北方工业有限公司出 资60,000万元，占注册资本的9.464%；北京北方车辆集团有限公司出资35,600 万元，占注册资本的5.615%；北方信息控制研究院集团有限公司出资34,000万元， 占注册资本的5.363%；兵器工业机关服务中心出资22,000万元，占注册资本的 3.470%；内 ...

内蒙古北方重型汽车股份有限公司独立董事 关于八届九次董事会审议有关事项的独立意见 内蒙古北方重型汽车股份有限公司八届九次董事会于 2023 年 8 月 18 日在内蒙古包头市稀土开发区北方股份大厦 四楼会议室以现场和通讯表决相结合的方式召开。作为独立 董事，我们参加了此次会议，根据《上市公司治理准则》、《关 于在上市公司建立独立董事制度的指导意见》及《公司章程》 等相关法律、法规的规定和要求，基于独立判断，就本次会 议审议的议案发表如下独立意见： 一、关于《公司与兵工财务有限责任公司关联存贷款等 金融业务的风险评估报告》的独立意见 经查阅《公司与兵工财务有限责任公司关联存贷款等金 融业务的风险评估报告》，我们认为兵工财务有限责任公司 作为非银行金融机构，其业务范围、业务流程、内部的风险 控制制度都受到中国银保监会的严格监管，公司与兵工财务 有限责任公司之间的关联存贷款业务风险可控，公司存放于 其的资金安全且独立，不存在被关联人占用的风险。本风险 评估报告真实、有效，所得出的结论客观、公正，不存在损 害公司及中小股东权益的情形。 独立董事：张继德 向勇 吕莹 2023 年 8 月 18 日 ...

证券代码：600262 证券简称：北方股份 编号：2023-016 内蒙古北方重型汽车股份有限公司 关于董事、总经理辞职的公告 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。 内蒙古北方重型汽车股份有限公司（以下简称"公司"）董事会近 日收到公司董事、总经理邬青峰的书面辞职报告。因工作变动原因， 邬青峰辞去公司董事、总经理、董事会战略与投资委员会委员、董事 会提名委员会委员职务。邬青峰的辞职报告自送达董事会之日生效。 邬青峰担任公司董事、总经理期间恪尽职守、勤勉尽责，为公司 规范运作和健康发展发挥了积极作用。公司董事会对邬青峰任职期间 所做出的贡献表示衷心感谢。 特此公告。 内蒙古北方重型汽车股份有限公司董事会 2023 年 8 月 16 日 为保证公司相关工作顺利开展，总经理空缺期间，由董事长李军 代行总经理职责。公司将根据《公司章程》的规定，按照法定程序尽 快推举董事，聘任公司总经理。 ...

证券代码：600262 证券简称：北方股份 公告编号：2023-013 内蒙古北方重型汽车股份有限公司 关于参加内蒙古辖区上市公司 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。 为进一步加强与投资者的互动交流，内蒙古北方重型汽车股份有 限公司（以下简称"公司"）将参加由内蒙古证监局、内蒙古上市公 司协会与深圳市全景网络有限公司联合举办的"2023 年内蒙古辖区 上市公司投资者集体接待日活动"，现将相关事项公告如下： 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" 网站（http://rs.p5w.net），或关注微信公众号：全景财经，或下载 全景路演 APP,参与本次互动交流，活动时间为 2023 年 6 月 9 日（周 五） 15:30-17:00。届时公司高管将在线就公司 2022 年度业绩、公 司治理、发展战略、 经营状况、融资计划、股权激励和可持续发展 等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊 跃参与！ 特此公告！ 内蒙古北方重型汽车股份有 ...

关于召开 2022 年度暨 2023 年第一季度业绩说明会的 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： 会议召开时间：2023 年 05 月 31 日(星期三)上午 10:00-11:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 24 日(星期三)至 05 月 30 日(星期 二)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 tfl@chinanhl.com 进行提问。公司将在说明会上对投 资者普遍关注的问题进行回答。 证券代码：600262 证券简称：北方股份 公告编号：2023-010 内蒙古北方重型汽车股份有限公司 内蒙古北方重型汽车股份有限公司（以下简称"公司"）已于 2023 年 04 月 25 日发布公司 2022 年年度报告及 2023 年第一季度报告，为 便于广大投资者更全面深入地了解公司 2022年度及2 ...

Financial Performance - The company's operating revenue for 2022 was CNY 2,234,939,738.93, representing a 35.79% increase compared to CNY 1,645,903,602.38 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY 118,793,533.89, a 27.48% increase from CNY 93,189,248.02 in the previous year[20]. - The basic earnings per share for 2022 was CNY 0.70, up 27.27% from CNY 0.55 in 2021[21]. - The company's total assets at the end of 2022 were CNY 2,781,360,735.03, a 9.60% increase from CNY 2,537,758,622.34 in 2021[20]. - The net cash flow from operating activities for 2022 was CNY 154,012,591.21, reflecting a 59.42% increase from CNY 96,610,623.36 in 2021[20]. - The weighted average return on equity for 2022 was 8.87%, an increase of 1.46 percentage points from 7.41% in 2021[21]. - The company reported a net asset attributable to shareholders of CNY 1,382,824,999.34 at the end of 2022, a 6.85% increase from CNY 1,294,169,724.84 in 2021[20]. - The company achieved a consolidated revenue of 2.235 billion RMB, representing a year-on-year growth of 35.79%[35]. - The net profit attributable to shareholders was 118.79 million RMB, an increase of 27.48% compared to the previous year[36]. - The operating costs increased by 29.11% to 1.828 billion RMB, driven by higher sales revenue and rising supply chain costs[37]. - Research and development expenses rose by 21.39% to 70.43 million RMB, reflecting increased investment in new product development[37]. - The gross margin for the machinery manufacturing sector improved by 4.28 percentage points to 18.01%[40]. - The sales volume of mining vehicles increased by 88.42% year-on-year, with a total of 358 units sold[43]. Cash Flow and Investments - The net cash flow from investment activities was -¥24,104,126.21, a significant decrease of 170.53% from the previous year, primarily due to increased cash payments for fixed asset purchases[56]. - The net cash flow from financing activities improved by 66.31%, amounting to -¥43,189,958.55, attributed to a reduction in loan scale from the previous year[56]. - The total assets increased by 9.60% to ¥2,781,360,735.03, with cash and cash equivalents rising by 27.17% to ¥524,257,127.03[58]. - The company reported a significant increase in other receivables by 199.12% to ¥39,081,176.33, due to payments for bid guarantees[58]. - The company has a credit line of RMB 2 billion for bill financing with the financial company, with an actual occurrence of RMB 368.5 million[155]. Research and Development - The company has maintained its position as the largest mining vehicle R&D and production base in China, leveraging its specialized advantages and resource integration[33]. - The company has made notable progress in autonomous control, achieving significant results in the localization of key components for mining vehicles[26]. - The company is recognized as a national high-tech enterprise and has established a research center for non-road mining vehicles[34]. - The company has implemented a quality management system (QMS) to meet customized user demands and improve overall management efficiency[28]. - The company has established a performance management system for its management team to align incentives with company performance[100]. Market and Industry Position - The company has been recognized as one of the "Top 50 Global Engineering Machinery" for the tenth consecutive year, highlighting its industry leadership[29]. - The company is focused on high-end, intelligent, green, and international development, with ongoing efforts in smart manufacturing and flexible production[54]. - The company anticipates that the domestic mining vehicle market will not see significant growth due to increasing safety and environmental regulations[63]. - The mining vehicle industry is closely tied to the cyclical nature of commodity prices and infrastructure investment, which may impact product sales[75]. Corporate Governance and Compliance - The company held one annual general meeting during the reporting period, ensuring compliance with legal and regulatory requirements[81]. - The board of directors convened eight meetings, with independent directors constituting over one-third of the board, enhancing decision-making quality[81]. - The company has established a performance evaluation and incentive mechanism to clarify responsibilities and rights for various positions[82]. - The company is committed to improving corporate governance and protecting the rights of minority shareholders[80]. - The company has not reported any shareholding changes among the directors and senior management during the reporting period[90]. Environmental and Social Responsibility - The company invested 2.6399 million RMB in environmental protection during the reporting period[124]. - The company completed the upgrade of its paint spray circulation water treatment facilities, increasing the reuse rate by over 80%, thereby reducing hazardous waste generation[126]. - The company has implemented carbon reduction measures, achieving a reduction of approximately 170 tons of CO2 equivalent emissions during the reporting period[130]. - The company published its 2022 ESG (Environmental, Social, and Governance) report on April 25, 2023, detailing its sustainability efforts[131]. - The company has complied with all environmental protection laws and regulations, with no reported environmental pollution incidents[128]. Related Party Transactions - The company is involved in various related party transactions, including financial services with affiliated companies, which were approved during board meetings[99]. - The company has engaged in related party transactions with a total amount of 110,196,892.96 RMB for raw materials from China Ordnance Materials Group[148]. - The company has also reported a related party transaction amounting to 9,516,238.40 RMB for raw materials and transportation services from Inner Mongolia North Heavy Industries Group[148]. - The company has submitted proposals for expected related party transactions for the year 2022, which were approved by the shareholders' meeting[147]. Future Outlook - The company aims to achieve a consolidated revenue of over 2.4 billion yuan in 2023[70]. - The company plans to invest AUD 2 million in a joint venture in Australia, holding 45% of the equity[65]. - The company plans to expand its electric wheel mining truck assembly capacity as part of its growth strategy[100]. - The company will optimize production organization and enhance green development capabilities while controlling costs and increasing efficiency[74].

2023 年第一季度报告 证券代码：600262 证券简称：北方股份 内蒙古北方重型汽车股份有限公司 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 (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 | 本报告期比上年同期增减 | | --- | --- | --- | | | | 变动幅度(%) | | 营业收入 | 384,648,548.86 | -27.18 | | 归属于上市公司股东的净利润 | 20,679,814.19 | -28.24 | | 归属于上市公司股东的扣除非经常性 | 16,739,153.14 | -39.37 | | ...

[I. Major Financial Data](index=1&type=section&id=I.%20Major%20Financial%20Data) [Key Accounting Data and Financial Indicators](index=1&type=section&id=(I)%20Key%20Accounting%20Data%20and%20Financial%20Indicators) The company achieved significant financial growth in Q3 2022 and YTD, with double-digit increases in operating revenue and net profit attributable to shareholders, and a 75.51% surge in Q3 net profit. Operating cash flow significantly increased in Q3 but slightly decreased YTD | Item | Current Period (Q3 2022) (CNY) | YoY Change (%) | Year-to-Date (YTD 2022) (CNY) | YTD YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 412,334,478.40 | 13.89 | 1,546,818,300.49 | 38.81 | | Net Profit Attributable to Parent Company Shareholders | 26,932,444.48 | 75.51 | 74,898,934.80 | 25.77 | | Net Profit Attributable to Parent Company Shareholders Excluding Non-recurring Gains and Losses | 25,030,642.79 | 150.87 | 65,339,018.68 | 25.53 | | Net Cash Flow from Operating Activities | 256,461,576.82 | 4,681.30 | 24,498,568.38 | -11.57 | | Basic Earnings Per Share (CNY/share) | 0.1584 | 75.51 | 0.4406 | 25.77 | | Diluted Earnings Per Share (CNY/share) | 0.1584 | 75.51 | 0.4406 | 25.77 | | Weighted Average Return on Net Assets (%) | 2.03 | Increased by 0.81 percentage points | 5.67 | Increased by 0.91 percentage points | | Total Assets | 3,285,006,658.45 (Period-end) | 29.45 (vs. prior year-end) | - | - | | Total Equity Attributable to Parent Company Shareholders | 1,339,443,936.83 (Period-end) | 3.50 (vs. prior year-end) | - | - | [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=(II)%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, the company's non-recurring gains and losses primarily stemmed from government subsidies and other non-operating income/expenses, positively impacting net profit | Item | Amount for Current Period (Q3 2022) (CNY) | Amount Year-to-Date (YTD 2022) (CNY) | | :--- | :--- | :--- | | Government subsidies included in current profit or loss | 1,235,300.00 | 10,593,494.17 | | Other non-operating income and expenses apart from the above | 905,376.93 | 556,729.15 | | Less: Income tax impact | 307,374.28 | 1,658,806.24 | | Impact on minority interests (after tax) | -68,499.04 | -68,499.04 | | Total | 1,901,801.69 | 9,559,916.12 | [Changes and Reasons for Major Accounting Data and Financial Indicators](index=2&type=section&id=(III)%20Changes%20and%20Reasons%20for%20Major%20Accounting%20Data%20and%20Financial%20Indicators) Several balance sheet and income statement items experienced significant changes, primarily influenced by sales growth, operational demands, exchange rate fluctuations, and increased R&D investment | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Accounts Receivable | 32.70 | Due to increased sales revenue | | Receivables Financing | 335.95 | Due to receiving bank acceptance bills for sales settlements | | Prepaid Accounts | -50.97 | Due to arrival of prepaid items | | Other Receivables | 230.22 | Due to payment of bid deposits | | Inventories | 86.87 | Due to increased spare parts reserves to meet sales demand | | Contract Assets | 137.83 | Due to increased product quality assurance receivables with rising sales revenue | | Other Current Assets | 281.31 | Due to reclassification of input VAT credit at period-end | | Construction in Progress | -82.94 | Due to transfer of construction in progress to fixed assets | | Other Non-current Assets | -81.23 | Due to arrival of prepaid equipment and transfer to fixed assets | | Short-term Borrowings | 100.00 | Due to new working capital loans for production and operation needs | | Notes Payable | 41.33 | Due to payment of some procurement costs with bills, which were not due at period-end | | Accounts Payable | 119.03 | Due to increased payables within supplier credit terms with rising production reserves | | Contract Liabilities | 61.26 | Due to receipt of advance payments for goods | | Taxes Payable | 63.07 | Due to property tax, land use tax, and subsidiary corporate income tax payable at period-end | | Other Payables | 42.70 | Due to new equipment payments and temporary intercompany receivables/payables | | Non-current Liabilities Due Within One Year | -99.74 | Due to loan repayment | | Long-term Borrowings | 150.00 | Due to new medium-to-long-term loans for production and operation needs | | Provisions | 49.87 | Due to accrual of after-sales service fees for mining truck sales | | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Total Operating Revenue | 38.81 | Due to effective market expansion and increased sales revenue; also due to revenue from newly consolidated subsidiaries | | Operating Costs | 35.67 | Due to increased sales revenue and corresponding cost of goods sold; also due to rising supply-side costs and increased fulfillment costs | | Selling Expenses | 38.71 | Due to increased sales revenue and corresponding increase in accrued product after-sales service fees | | R&D Expenses | 245.04 | Due to increased R&D projects and investment | | Financial Expenses | -391.22 | Due to exchange gains from exchange rate fluctuations | | Other Income | 9,781.76 | Due to receipt of government subsidies; also due to transfer of some deferred income items to profit or loss | | Investment Income | -69.76 | Due to recognition of long-term equity investment income from joint ventures accounted for by equity method in the prior year; the joint venture was acquired in Q4 of the prior year | | Credit Impairment Losses | -111.65 | Due to provision for bad debts in the current period; reversal of bad debt provision in the prior year | | Asset Impairment Losses | 94.42 | Due to improved inventory structure, leading to reduced provision for inventory depreciation compared to the prior year | | Gains on Disposal of Assets | 100.00 | Due to disposal of fixed assets in the prior year | | Non-operating Income | 345.05 | Due to increased claims income in the current period compared to the prior year | | Non-operating Expenses | 307.57 | Due to increased fixed asset disposal expenses; also due to non-operating expenses from newly consolidated subsidiaries | | Income Tax Expense | 117.82 | Due to increased total profit; also due to income tax expenses from newly consolidated subsidiaries | | Net Cash Flow from Investing Activities | -217.46 | Primarily due to cash dividends received from joint ventures in the prior year | [II. Shareholder Information](index=4&type=section&id=II.%20Shareholder%20Information) [Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings](index=4&type=section&id=(I)%20Total%20Number%20of%20Common%20Shareholders,%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights,%20and%20Top%20Ten%20Shareholders'%20Holdings) As of the reporting period end, the company had 10,707 common shareholders. The top ten shareholders exhibit high concentration, with Inner Mongolia North Heavy Industries Group Co., Ltd. and Tervo (Shanghai) Enterprise Management Consulting Co., Ltd. being the top two, holding over 52% combined - As of the reporting period end, the total number of common shareholders was **10,707**, with no preferred shareholders with restored voting rights[12](index=12&type=chunk) | Shareholder Name | Shareholder Nature | Number of Shares Held | Holding Percentage (%) | Number of Restricted Shares Held | Pledge, Mark, or Freeze Status | | :--- | :--- | :--- | :--- | :--- | :--- | | Inner Mongolia North Heavy Industries Group Co., Ltd. | State-owned Legal Person | 46,341,499 | 27.26 | 0 | None | | Tervo (Shanghai) Enterprise Management Consulting Co., Ltd. | Domestic Non-state-owned Legal Person | 42,780,000 | 25.16 | 0 | None | | China Ordnance Investment Management Co., Ltd. | State-owned Legal Person | 5,100,000 | 3.00 | 0 | None | | Qu Junwei | Domestic Natural Person | 3,000,065 | 1.76 | 0 | None | | Yang Yongxin | Domestic Natural Person | 1,500,000 | 0.88 | 0 | None | | Wang Shuyue | Domestic Natural Person | 1,251,800 | 0.74 | 0 | None | | Yu Xueli | Domestic Natural Person | 1,244,600 | 0.73 | 0 | None | | Yang Dongfei | Domestic Natural Person | 1,085,700 | 0.64 | 0 | None | | Ni Xiu'an | Domestic Natural Person | 1,042,000 | 0.61 | 0 | None | | Bi Ketao | Domestic Natural Person | 1,005,000 | 0.59 | 0 | None | - Inner Mongolia North Heavy Industries Group Co., Ltd. and China Ordnance Investment Management Co., Ltd. are under the same ultimate control of China North Industries Group Corporation Limited, acting as parties in concert[13](index=13&type=chunk) [III. Other Reminders](index=5&type=section&id=III.%20Other%20Reminders) [1. Proposal on the Company's Mining Truck Procurement Contract with Walkworth Mining Co., Ltd.](index=5&type=section&id=1.%20Proposal%20on%20the%20Company's%20Mining%20Truck%20Procurement%20Contract%20with%20Walkworth%20Mining%20Co.,%20Ltd.) The first batch of the mining truck procurement contract signed with Walkworth Mining Co., Ltd. has received advance payment and is currently being executed - The company's board of directors approved the mining truck procurement contract with Walkworth Mining Co., Ltd. on March 13, 2020[14](index=14&type=chunk) - On April 8, 2020, **20% advance payment** for the first batch of the contract (approximately **USD 64.5 million**) was received, initiating contract effectiveness[14](index=14&type=chunk) - The first batch of the contract remains under execution during the reporting period[14](index=14&type=chunk) [2. Proposal on the Major Contract for Mining Truck Procurement with Huibang Group Co., Ltd. and Related Party Transaction Changing Contract Party to Beishan Company](index=5&type=section&id=2.%20Proposal%20on%20the%20Major%20Contract%20for%20Mining%20Truck%20Procurement%20with%20Huibang%20Group%20Co.,%20Ltd.%20and%20Related%20Party%20Transaction%20Changing%20Contract%20Party%20to%20Beishan%20Company) The mining truck procurement contract with Huibang Group/Beishan Company experienced project delays due to the pandemic, resulting in slow and uncertain procurement progress, with no purchases by Beishan Company during the reporting period - The mining truck procurement contract signed with Huibang Group Co., Ltd. was amended to change the contract party to Beishan Company after review[14](index=14&type=chunk) - Due to the project location at Tavan Tolgoi coal mine in Mongolia and pandemic impacts, the Northern International Mongolia mining project experienced delays, leading to slow and uncertain procurement of the company's mining trucks[14](index=14&type=chunk) - As of December 31, 2020, only **one-third** of the contracted mining trucks were procured, and Beishan Company made no purchases from the company during the reporting period[14](index=14&type=chunk)[15](index=15&type=chunk) [IV. Quarterly Financial Statements](index=5&type=section&id=IV.%20Quarterly%20Financial%20Statements) [Type of Audit Opinion](index=5&type=section&id=(I)%20Type%20of%20Audit%20Opinion) The financial statements for this quarter are unaudited - The third-quarter financial statements are **unaudited**[4](index=4&type=chunk)[16](index=16&type=chunk) [Consolidated Balance Sheet](index=6&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2022, total assets increased by 29.45% from year-end 2021, driven by significant growth in current assets, particularly cash, accounts receivable, and inventory. Total liabilities also rose substantially due to increased short-term and long-term borrowings | Item | September 30, 2022 (CNY) | December 31, 2021 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 528,299,159.62 | 412,248,569.49 | 28.14 | | Accounts Receivable | 705,953,022.49 | 531,981,210.35 | 32.70 | | Inventories | 931,051,866.13 | 498,247,295.35 | 86.87 | | Total Current Assets | 2,794,234,132.85 | 2,040,469,116.20 | 36.94 | | Total Assets | 3,285,006,658.45 | 2,537,758,622.34 | 29.45 | | Short-term Borrowings | 85,499,000.00 | 0.00 | 100.00 | | Accounts Payable | 627,256,931.19 | 286,374,478.65 | 119.03 | | Total Current Liabilities | 1,409,782,423.88 | 890,005,381.83 | 58.40 | | Long-term Borrowings | 250,000,000.00 | 100,000,000.00 | 150.00 | | Total Liabilities | 1,855,238,730.87 | 1,161,044,640.20 | 59.79 | | Total Equity Attributable to Parent Company Shareholders | 1,339,443,936.83 | 1,294,169,724.84 | 3.50 | [Consolidated Income Statement](index=8&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2022, total operating revenue grew by 38.81% year-over-year, and net profit attributable to parent company shareholders increased by 25.77%. R&D expenses surged, while financial expenses significantly decreased due to exchange gains | Item | Q1-Q3 2022 (Jan-Sep) (CNY) | Q1-Q3 2021 (Jan-Sep) (CNY) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,546,818,300.49 | 1,114,331,399.08 | 38.81 | | Operating Costs | 1,282,119,153.33 | 945,009,290.24 | 35.67 | | Selling Expenses | 62,049,025.47 | 44,731,550.73 | 38.71 | | Administrative Expenses | 55,166,574.91 | 46,102,847.20 | 19.66 | | R&D Expenses | 50,915,660.87 | 14,756,400.07 | 245.04 | | Financial Expenses | -28,601,766.12 | -5,822,565.21 | -391.22 | | Operating Profit | 114,029,626.64 | 69,935,512.76 | 63.05 | | Total Profit | 114,619,355.79 | 70,058,964.28 | 63.62 | | Income Tax Expense | 22,890,317.73 | 10,508,844.64 | 117.82 | | Net Profit | 91,729,038.06 | 59,550,119.64 | 54.04 | | Net Profit Attributable to Parent Company Shareholders | 74,898,934.80 | 59,550,119.64 | 25.77 | | Basic Earnings Per Share (CNY/share) | 0.44 | 0.35 | 25.71 | | Diluted Earnings Per Share (CNY/share) | 0.44 | 0.35 | 25.71 | [Consolidated Cash Flow Statement](index=11&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2022, net cash flow from operating activities slightly decreased, while net cash flow from financing activities turned positive, primarily due to new borrowings. Net cash flow from investing activities shifted from positive to negative | Item | Q1-Q3 2022 (Jan-Sep) (CNY) | Q1-Q3 2021 (Jan-Sep) (CNY) | Change Amount (CNY) | | :--- | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 24,498,568.38 | 27,703,245.05 | -3,204,676.67 | | Net Cash Flow from Investing Activities | -10,618,257.59 | 9,039,783.90 | -19,658,041.49 | | Net Cash Flow from Financing Activities | 67,807,791.99 | -31,331,917.86 | 99,139,709.85 | | Effect of Exchange Rate Changes on Cash and Cash Equivalents | 9,332,676.66 | -320,316.33 | 9,652,992.99 | | Net Increase in Cash and Cash Equivalents | 91,020,779.44 | 5,090,794.76 | 85,929,984.68 | | Cash and Cash Equivalents at Period End | 486,365,337.10 | 400,210,974.62 | 86,154,362.48 | - Total cash inflow from financing activities significantly increased from **CNY 23,536,222.29** in Q1-Q3 2021 to **CNY 252,403,011.83** in Q1-Q3 2022, primarily due to increased cash received from borrowings[25](index=25&type=chunk)

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,134,483,822.09, representing a 50.81% increase compared to CNY 752,274,650.60 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was CNY 47,966,490.32, an increase of 8.51% from CNY 44,204,439.40 in the previous year[19]. - The basic earnings per share for the first half of 2022 was CNY 0.2822, an increase of 8.54% compared to CNY 0.2600 in the same period last year[20]. - The company achieved a consolidated revenue of CNY 1.134 billion, representing a 50.81% increase compared to the same period last year[28]. - The net profit attributable to shareholders was CNY 47.97 million, an increase of 8.51% year-on-year[27]. - The total profit for the first half of 2022 was CNY 73,954,686.67, compared to CNY 52,005,222.82 in the same period of 2021, marking an increase of 42.3%[99]. - The company reported a net profit margin improvement, with net profit for the first half of 2022 expected to be higher than the previous year, although specific figures were not disclosed[94]. Cash Flow and Liquidity - The net cash flow from operating activities was negative CNY 231,963,008.44, a significant decrease compared to a positive CNY 22,339,404.18 in the same period last year, reflecting a decline of 1,138.36%[19]. - The company incurred a tax expense of CNY 15,011,344.32 in the first half of 2022, compared to CNY 7,800,783.42 in the same period of 2021[99]. - Operating cash flow for the first half of 2022 was negative at -201,179,776.93 RMB, compared to a positive 22,339,404.18 RMB in the same period of 2021[104]. - The net increase in cash and cash equivalents for the first half of 2022 was -150,101,551.49 RMB, compared to -7,568,791.12 RMB in the same period of 2021[105]. - The ending balance of cash and cash equivalents as of June 30, 2022, was 177,409,276.84 RMB, down from 387,551,388.74 RMB at the end of the first half of 2021[105]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,187,410,305.39, which is a 25.60% increase from CNY 2,537,758,622.34 at the end of the previous year[19]. - The total liabilities increased to CNY 1,791,110,971.49, up from CNY 1,161,044,640.20, representing an increase of about 54.2%[88]. - The company’s total liabilities increased to RMB 1,751,047,274.23, up from RMB 1,152,626,953.51, marking a rise of 52%[92]. - Total current liabilities increased to RMB 1,352,016,735.77 from RMB 890,005,381.83, which is an increase of approximately 51.9%[88]. - The company’s equity position is under pressure due to rising liabilities, with total equity not explicitly stated but implied to be affected by the changes in total assets and liabilities[88]. Research and Development - Research and development expenses surged by 215.91% to CNY 28.24 million, reflecting increased investment in R&D projects[28]. - The company is focusing on the development of electric drive systems and autonomous mining vehicles as part of its innovation strategy[27]. - The company is increasing investment in technology research and development for mining vehicles to maintain a technological lead in the domestic market, with new products launched annually[37]. Market Position and Industry Characteristics - The mining vehicle industry, where the company operates, is characterized by high reliability and durability, with a significant correlation to the performance of the real economy, indicating cyclical industry characteristics[23]. - The company is positioned as a leading player in the domestic mining vehicle industry, benefiting from economies of scale and competitive advantages amid increasing industry concentration[23]. - Market competition is intense, with global engineering machinery giants posing significant challenges to the company’s market position[36]. - The company acknowledges risks related to insufficient technological leadership in the competitive landscape of the mining vehicle industry[36]. Environmental and Social Responsibility - The company has achieved all environmental protection targets and tasks for the first half of the year, with no environmental pollution incidents reported[48]. - All types of pollutants have been discharged in compliance with national standards, with solid waste disposed of legally[48]. - The company has implemented measures to reduce carbon emissions, focusing on energy management and promoting green manufacturing[49]. - The company has actively promoted ecological protection and pollution prevention measures in its operations[49]. Financial Management and Strategy - The company plans to continue expanding its market presence and enhancing product delivery in the second half of the year[27]. - The company plans to enhance its capital structure through additional equity financing in the upcoming quarters[115]. - The company is focusing on expanding its market presence and exploring potential mergers and acquisitions[115]. - The company is implementing long-term strategic agreements with major suppliers to stabilize raw material costs and mitigate risks from price volatility[38]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 10,937[77]. - Inner Mongolia North Heavy Industries Group Co., Ltd. holds 46,341,499 shares, representing 27.26% of the total shares[79]. - The company has not proposed any profit distribution or capital reserve increase plans for the half-year period[44]. Risk Management - The company faces industry risks related to the cyclical nature of the mining vehicle sector and macroeconomic policy changes that could impact customer demand[36]. - The company faces foreign exchange risks due to significant import and export volumes, primarily settled in USD, GBP, and EUR, and is utilizing financial tools to hedge against currency fluctuations[37]. - The company is focusing on cash management to control accounts receivable and inventory levels, aiming to reduce credit impairment and asset impairment risks[39].