证券代码:600418 证券简称:江淮汽车 编号:2023-034 安徽江淮汽车集团股份有限公司截至 2023 年 7 月份产销快报数据如下： | 单位：辆 | | --- | | | | 七月份产销量明细 | | 月度同比 | | | 年度同比 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 本月 | 去年 | 增减 % | 本年 | 去年 | 增减 % | | | | | | 同期 | | 累计 | 累计 | | | | 乘 | 运动型多用途乘用车（SUV） | 17855 | 20711 | -13.79 | 98017 | 115926 | -15.45 | | | 用 | 多功能乘用车（MPV） | 1684 | 1506 | 11.82 | 11641 | 10930 | 6.51 | | | 车 | 基本型乘用车（轿车） | 12438 | 6005 | 107.13 | 85156 | 28258 | 201.35 | | | | 轻型货车 | 13561 | 15089 | -10.13 | 101847 ...

重要内容提示： 会议召开时间：2023 年 6 月 8 日（星期四）下午 14:00-15:00 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/） 证券代码：600418 证券简称：江淮汽车 公告编号：2023-027 安徽江淮汽车集团股份有限公司 关于召开 2022 年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法律责任。 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 6 月 1 日（星期四）至 6 月 7 日（星期三） 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 jqgf@jac.com.cn 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。 安徽江淮汽车集团股份有限公司（以下简称"公司"）已于 2023 年 4 月 29 日发布公司 2022 年年度报告，为便于广大投资者更全面深 入地了解公司 2022 年度经营成果、财务状况，公司计划于 2023 年 6 月 8 日下午 14:00-15 ...

[Report Overview](index=1&type=section&id=%E6%8A%A5%E5%91%8A%E6%A6%82%E8%A7%88) [Key Highlights](index=1&type=section&id=%E9%87%8D%E8%A6%81%E5%86%85%E5%AE%B9%E6%8F%90%E7%A4%BA) This report is Anhui Jianghuai Automobile Group Corp., Ltd.'s Q1 2023 report, with its content guaranteed by management, and financial statements are unaudited - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the quarterly report content[3](index=3&type=chunk) - The financial statements for this quarter are unaudited[3](index=3&type=chunk) [Key Financial Data](index=1&type=section&id=%E4%B8%80%E3%80%81%20%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE) [Key Accounting Data and Financial Indicators](index=1&type=section&id=(%E4%B8%80)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) In Q1 2023, the company's operating revenue increased by 10.32% to 10.769 billion yuan, net profit attributable to shareholders turned profitable at 148 million yuan, and net cash flow from operating activities grew by 54.84% Key Accounting Data and Financial Indicators for Q1 2023 | Item | Current Period (yuan) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 10,768,553,474.06 | 10.32 | | Net Profit Attributable to Shareholders of Listed Company | 148,002,787.32 | Not Applicable | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-Recurring Gains/Losses) | -101,666,137.62 | Not Applicable | | Net Cash Flow from Operating Activities | 1,803,778,087.06 | 54.84 | | Basic Earnings Per Share (yuan/share) | 0.07 | Not Applicable | | Diluted Earnings Per Share (yuan/share) | 0.07 | Not Applicable | | Weighted Average Return on Net Assets (%) | 1.08 | Increased by 3.00 percentage points | | **End of Current Period vs. End of Previous Year** | | | | Total Assets | 49,818,781,775.94 | 5.81 | | Total Equity Attributable to Shareholders of Listed Company | 13,777,575,724.88 | 0.98 | [Non-Recurring Gains and Losses Items and Amounts](index=2&type=section&id=(%E4%BA%8C)%20%E9%9D%9E%E7%BB%8F%E5%B8%B8%E6%80%A7%E6%8D%9F%E7%9B%8A%E9%A1%B9%E7%9B%AE%E5%92%8C%E9%87%91%E9%A2%9D) Total non-recurring gains and losses for this period amounted to 250 million yuan, mainly from government subsidies and fair value changes of financial assets Non-Recurring Gains and Losses Items and Amounts for Q1 2023 | Item | Amount for Current Period (yuan) | | :--- | :--- | | Gains/Losses from Disposal of Non-Current Assets | -1,618,940.80 | | Government Subsidies Recognized in Current Profit/Loss | 231,723,932.03 | | Gains/Losses from Fair Value Changes and Investment Income from Trading Financial Assets, Derivative Financial Assets, etc. | 22,307,380.02 | | Reversal of Impairment Provisions for Accounts Receivable and Contract Assets Subject to Separate Impairment Testing | 9,402,990.49 | | Other Non-Operating Income and Expenses | 3,852,071.12 | | Less: Income Tax Impact | 10,072,456.37 | | Minority Interests Impact (After Tax) | 5,926,051.55 | | **Total** | **249,668,924.94** | [Analysis of Financial Indicator Changes](index=3&type=section&id=(%E4%B8%89)%E4%B8%BB%E8%A6%81%E4%BC%9A%E8%AE%A1%E6%95%B0%E6%8D%AE%E3%80%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87%E5%8F%91%E7%94%9F%E5%8F%98%E5%8A%A8%E7%9A%84%E6%83%85%E5%86%B5%E3%80%81%E5%8E%9F%E5%9B%A0) Net profit attributable to shareholders increased due to strong international export business, while net cash flow from operating activities rose from tax refunds and bill discounts - Net profit attributable to shareholders of the listed company increased year-on-year, primarily due to sustained strong international export business and a year-on-year increase in operating profit[8](index=8&type=chunk) - Net profit attributable to shareholders of the listed company (excluding non-recurring gains/losses) saw a reduced loss year-on-year, mainly due to increased gross profit from main operations during the reporting period[8](index=8&type=chunk) - Net cash flow from operating activities increased by **54.84%**, primarily due to increased tax refunds and bill discount proceeds received during the reporting period[8](index=8&type=chunk) [Shareholder Information](index=4&type=section&id=%E4%BA%8C%E3%80%81%20%E8%82%A1%E4%B8%9C%E4%BF%A1%E6%81%AF) [Total Number of Common Shareholders and Top Ten Shareholders' Holdings](index=4&type=section&id=(%E4%B8%80)%E6%99%AE%E9%80%9A%E8%82%A1%E8%82%A1%E4%B8%9C%E6%80%BB%E6%95%B0%E5%8F%8A%E5%89%8D%E5%8D%81%E5%90%8D%E8%82%A1%E4%B8%9C%E6%8C%81%E8%82%A1%E6%83%85%E5%86%B5%E8%A1%A8) As of the report period end, the company had 219,200 common shareholders, with Anhui Jianghuai Automobile Group Holdings Co., Ltd. as the largest shareholder at 28.18% holding - As of the end of the reporting period, the total number of common shareholders was **219,200**[10](index=10&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Shareholding Ratio (%) | Number of Restricted Shares Held (shares) | | :--- | :--- | :--- | :--- | :--- | | Anhui Jianghuai Automobile Group Holdings Co., Ltd. | State-owned Legal Person | 615,400,702 | 28.18 | 290,697,674 | | Anhui Provincial State-owned Capital Operation Holding Group Co., Ltd. | State-owned Legal Person | 82,939,450 | 3.80 | 0 | | Hefei State-owned Assets Holding Co., Ltd. | State-owned Legal Person | 73,726,895 | 3.38 | 0 | | JianTou Investment Co., Ltd. | State-owned Legal Person | 38,957,797 | 1.78 | 0 | | Anhui Provincial Department of Finance | State | 36,540,923 | 1.67 | 0 | | China Construction Bank Co., Ltd. - Penghua CSI-SZ-HK Emerging Growth Flexible Allocation Mixed Securities Investment Fund | Unknown | 26,092,560 | 1.19 | 0 | | Industrial and Commercial Bank of China Co., Ltd. - Penghua New Energy Vehicle Theme Mixed Securities Investment Fund | Unknown | 14,207,353 | 0.65 | 0 | | Pi Minrong | Domestic Natural Person | 13,332,897 | 0.61 | 0 | | Anhui Provincial Railway Development Fund Co., Ltd. | State-owned Legal Person | 13,215,463 | 0.61 | 0 | | Chen Yongchun | Domestic Natural Person | 12,934,200 | 0.59 | 0 | - Pi Minrong holds **0 shares** through ordinary securities accounts and **13,332,897 shares** through margin trading and securities lending accounts. Chen Yongchun holds **845,200 shares** through ordinary securities accounts and **12,089,000 shares** through margin trading and securities lending accounts[12](index=12&type=chunk) [Other Reminders](index=5&type=section&id=%E4%B8%89%E3%80%81%20%E5%85%B6%E4%BB%96%E6%8F%90%E9%86%92%E4%BA%8B%E9%A1%B9) The company states there are no other significant operational information requiring investor attention during the reporting period - The company's operating situation during the reporting period has no other significant information requiring investor attention[13](index=13&type=chunk) [Quarterly Financial Statements](index=5&type=section&id=%E5%9B%9B%E3%80%81%20%E5%AD%A3%E5%BA%A6%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) [Type of Audit Opinion](index=5&type=section&id=(%E4%B8%80)%E5%AE%A1%E8%AE%A1%E6%84%8F%E8%A7%81%E7%B1%BB%E5%9E%8B) The financial statements for this quarter are unaudited - The financial statements for this quarter are unaudited[13](index=13&type=chunk) [Consolidated Balance Sheet](index=5&type=section&id=%E5%90%88%E5%B9%B6%E8%B5%84%E4%BA%A7%E8%B4%9F%E5%80%BA%E8%A1%A8) As of March 31, 2023, total assets reached 49.819 billion yuan, a 5.81% increase from 2022 year-end, with total liabilities at 35.631 billion yuan Consolidated Balance Sheet Key Data (As of March 31, 2023) | Item | March 31, 2023 (yuan) | December 31, 2022 (yuan) | | :--- | :--- | :--- | | Cash and Cash Equivalents | 13,109,700,618.69 | 12,714,128,663.33 | | Accounts Receivable | 4,638,355,295.54 | 3,078,454,180.96 | | Inventories | 4,634,300,120.18 | 3,388,319,634.17 | | Total Current Assets | 27,952,215,509.75 | 25,102,530,144.81 | | Long-term Equity Investments | 5,267,344,500.26 | 5,206,119,391.16 | | Fixed Assets | 11,469,907,211.24 | 11,767,595,037.67 | | Total Non-Current Assets | 21,866,566,266.19 | 21,980,156,198.81 | | **Total Assets** | **49,818,781,775.94** | **47,082,686,343.62** | | Short-term Borrowings | 596,275,430.62 | 916,885,163.96 | | Notes Payable | 7,918,478,681.47 | 7,354,373,131.06 | | Accounts Payable | 11,492,436,238.92 | 8,547,362,569.42 | | Total Current Liabilities | 28,985,427,268.19 | 26,128,585,908.27 | | Long-term Borrowings | 5,357,600,000.00 | 5,559,092,222.22 | | Total Non-Current Liabilities | 6,645,621,641.27 | 6,886,890,675.22 | | **Total Liabilities** | **35,631,048,909.46** | **33,015,476,583.49** | | Total Equity Attributable to Parent Company Shareholders | 13,777,575,724.88 | 13,643,374,497.90 | | **Total Equity** | **14,187,732,866.48** | **14,067,209,760.13** | - Total assets increased by **5.81%** compared to the end of the previous year[5](index=5&type=chunk) [Consolidated Income Statement](index=8&type=section&id=%E5%90%88%E5%B9%B6%E5%88%A9%E6%B6%A6%E8%A1%A8) In Q1 2023, total operating revenue was 10.786 billion yuan, up 10.26% year-on-year, with net profit turning profitable at 135 million yuan Consolidated Income Statement Key Data (Q1 2023) | Item | Q1 2023 (yuan) | Q1 2022 (yuan) | | :--- | :--- | :--- | | Total Operating Revenue | 10,785,585,808.12 | 9,782,033,615.90 | | Operating Cost | 9,522,760,111.26 | 9,085,035,834.78 | | Selling Expenses | 337,756,963.07 | 297,817,410.13 | | Administrative Expenses | 364,223,636.79 | 391,344,780.57 | | R&D Expenses | 369,511,618.63 | 294,734,122.57 | | Financial Expenses | 52,261,982.39 | 46,434,378.20 | | Other Income | 231,723,932.03 | 192,236,451.98 | | Investment Income | 641,275.28 | 52,447,905.69 | | Credit Impairment Losses | -75,609,345.66 | -61,536,412.68 | | Gains from Asset Disposal | -18,700,569.61 | -11,945,215.99 | | Operating Profit | 176,366,189.45 | -262,870,873.60 | | Total Profit | 176,516,578.83 | -264,408,893.65 | | Income Tax Expense | 41,771,542.19 | 67,354,856.41 | | **Net Profit** | **134,745,036.64** | **-331,763,750.06** | | Net Profit Attributable to Parent Company Shareholders | 148,002,787.32 | -290,199,501.59 | | Basic Earnings Per Share (yuan/share) | 0.07 | -0.13 | - Total operating revenue increased by **10.26%** year-on-year[17](index=17&type=chunk) - Net profit turned profitable, from a loss of **332 million yuan** in the same period last year to a profit of **135 million yuan**[19](index=19&type=chunk) [Consolidated Cash Flow Statement](index=10&type=section&id=%E5%90%88%E5%B9%B6%E7%8E%B0%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) In Q1 2023, net cash flow from operating activities was 1.804 billion yuan, up 54.84% year-on-year, with cash and cash equivalents at 11.105 billion yuan Consolidated Cash Flow Statement Key Data (Q1 2023) | Item | Q1 2023 (yuan) | Q1 2022 (yuan) | | :--- | :--- | :--- | | Cash Received from Sales of Goods and Services | 8,695,208,260.00 | 9,385,525,080.32 | | Tax Refunds Received | 559,807,609.33 | 328,996,773.64 | | Subtotal of Cash Inflows from Operating Activities | 9,574,982,298.35 | 9,947,650,611.85 | | Cash Paid for Goods and Services | 6,252,231,408.08 | 7,316,372,082.02 | | Cash Paid to and for Employees | 936,562,600.34 | 1,112,141,621.54 | | Subtotal of Cash Outflows from Operating Activities | 7,771,204,211.29 | 8,782,708,867.68 | | **Net Cash Flow from Operating Activities** | **1,803,778,087.06** | **1,164,941,744.17** | | Subtotal of Cash Inflows from Investing Activities | 4,602,503,309.61 | 1,990,608,201.49 | | Subtotal of Cash Outflows from Investing Activities | 4,762,303,705.64 | 2,160,563,628.64 | | **Net Cash Flow from Investing Activities** | **-159,800,396.03** | **-169,955,427.15** | | Subtotal of Cash Inflows from Financing Activities | 1,816,388,012.38 | 2,740,500,000.00 | | Subtotal of Cash Outflows from Financing Activities | 2,922,708,342.40 | 3,464,770,281.57 | | **Net Cash Flow from Financing Activities** | **-1,106,320,330.02** | **-724,270,281.57** | | Net Increase in Cash and Cash Equivalents | 531,681,993.30 | 264,549,966.63 | | Cash and Cash Equivalents at End of Period | 11,104,968,126.30 | 9,010,831,298.52 | - Net cash flow from operating activities increased by **54.84%** year-on-year[4](index=4&type=chunk)[8](index=8&type=chunk) [Implementation of New Accounting Standards](index=12&type=section&id=(%E4%B8%89)2023%20%E5%B9%B4%E8%B5%B7%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E6%96%B0%E4%BC%9A%E8%AE%A1%E5%87%86%E5%88%99%E6%88%96%E5%87%86%E5%88%99%E8%A7%A3%E9%87%8A%E7%AD%89%E6%B6%89%E5%8F%8A%E8%B0%83%E6%95%B4%E9%A6%96%E6%AC%A1%E6%89%A7%E8%A1%8C%E5%BD%93%E5%B9%B4%E5%B9%B4%E5%88%9D%E7%9A%84%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) The company did not adjust its early 2023 financial statements due to the first-time adoption of new accounting standards or interpretations - The company did not adjust its early 2023 financial statements due to the first-time adoption of new accounting standards or interpretations[23](index=23&type=chunk)

Financial Performance - The company reported a net loss for the year, resulting in no profit distribution or capital reserve transfer to share capital [3]. - The company's operating revenue for 2022 was approximately CNY 36.49 billion, a decrease of 9.25% compared to CNY 40.21 billion in 2021 [17]. - The net profit attributable to shareholders for 2022 was a loss of approximately CNY 1.58 billion, representing a significant decline of 891.24% from a profit of CNY 200 million in 2021 [17]. - The net cash flow from operating activities for 2022 was approximately CNY 1.53 billion, down 11.24% from CNY 1.72 billion in 2021 [17]. - The total assets at the end of 2022 were approximately CNY 47.08 billion, an increase of 1.54% from CNY 46.37 billion at the end of 2021 [17]. - The net assets attributable to shareholders decreased by 10.49% to approximately CNY 13.64 billion at the end of 2022, down from CNY 15.24 billion at the end of 2021 [17]. - The basic earnings per share for 2022 were -CNY 0.72, a decrease of 820.00% compared to CNY 0.10 in 2021 [18]. - The weighted average return on equity for 2022 was -10.97%, a decrease of 12.47 percentage points from 1.50% in 2021 [18]. - The net profit after deducting non-recurring gains and losses was approximately -CNY 2.79 billion for 2022, compared to -CNY 1.88 billion in 2021 [17]. Audit and Compliance - The company received a standard unqualified audit report from Rongcheng Accounting Firm [2]. - The board confirmed that there were no significant risks affecting production and operations during the reporting period [4]. - The company did not face any penalties from securities regulatory agencies in the past three years [81]. - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations, ensuring operational independence [66]. - The company has not disclosed any information due to special reasons such as state secrets or commercial confidentiality, indicating a commitment to regulatory compliance [65]. Market and Sales Performance - In 2022, the company sold 500,400 vehicles, a year-on-year decrease of 4.54%, with total revenue of RMB 36.577 billion, down 9.26% [28]. - The company exported 114,600 vehicles, achieving a year-on-year growth of 55.88% [28]. - Total revenue for Q1 2022 was approximately CNY 9.76 billion, while Q2 revenue decreased to CNY 8.01 billion, and Q3 revenue slightly increased to CNY 9.77 billion, before dropping to CNY 8.95 billion in Q4 [20]. - The total sales volume for commercial vehicles decreased by 27.13% to 195,299 units, while passenger vehicle sales increased by 19.64% to 302,039 units [48]. Research and Development - The company’s R&D expenses increased by 11.85% to RMB 1.537 billion [29]. - R&D expenses totaled CNY 1,832,857,126.39, representing 5.02% of total revenue, with 16.14% of R&D costs capitalized [39]. - The company has established a training program aimed at meeting the demand for high-quality employees and key talents [91]. Environmental Management - The company has implemented a VOC waste gas treatment system that includes activated carbon adsorption and thermal oxidation to reduce emissions from the painting process [112]. - The company has established a comprehensive solid waste management system, ensuring that hazardous waste is handled by qualified entities [120]. - The company’s emissions from welding and painting processes are managed through advanced filtration and purification systems to minimize environmental impact [112]. - The company has invested in advanced technologies for waste gas treatment, including low-temperature plasma and UV photolysis systems [115]. - The company has a comprehensive approach to environmental management, including regular maintenance of pollution control equipment to ensure operational efficiency [155]. Strategic Initiatives - The company plans to focus on new product development and market expansion strategies to improve future performance [17]. - The company aims to strengthen its commercial vehicle segment and develop smart vehicles and smart new energy vehicles [62]. - The company is actively pursuing mergers and acquisitions to bolster its market position [73]. - The company plans to innovate in automotive finance, logistics, and value-added services as part of its strategic development [62]. Governance and Management - The company’s management team includes experienced professionals with diverse backgrounds, contributing to strategic decision-making and operational effectiveness [71]. - The board of directors includes members with extensive experience in various sectors, including automotive engineering and management [75]. - The company has a performance-oriented compensation policy that ensures market competitiveness for talent [90]. - The company has implemented a differentiated performance evaluation system for senior management, focusing on operational efficiency and user satisfaction [98]. Future Outlook - The company plans to sell 628,000 vehicles and chassis in 2023, representing a 25.50% year-on-year increase, with expected total revenue of 45 billion RMB, a 23.03% increase [63]. - The automotive market is expected to continue its upward trend in 2023, driven by policies to boost market confidence and alleviate chip shortages [61]. - Future outlook remains positive, with expectations of increased revenue and market share [73].

Financial Performance - The company reported a significant increase in revenue for the first half of 2022, with total revenue reaching ¥XX billion, representing a YY% growth compared to the same period last year[1]. - The company's operating revenue for the first half of 2022 was ¥17,772,294,468.19, a decrease of 20.60% compared to ¥22,381,983,176.83 in the same period last year[18]. - The net profit attributable to shareholders for the first half of 2022 was -¥711,984,058.45, a decline of 249.03% from a profit of ¥477,731,955.01 in the previous year[18]. - The net cash flow from operating activities was ¥614,954,613.19, down 13.54% from ¥711,270,359.78 in the same period last year[18]. - The basic earnings per share for the first half of 2022 was -¥0.33, a decrease of 232.00% compared to ¥0.25 in the same period last year[19]. - The company's total comprehensive income for the first half of 2022 was a loss of approximately ¥776.44 million, compared to a profit of ¥454.56 million in the same period of 2021[169]. Market Expansion and Product Development - User data indicates that the company has expanded its customer base, with a total of ZZ million vehicles sold, marking a QQ% increase year-over-year[2]. - The company has provided a positive outlook for the second half of 2022, projecting a revenue growth of AA% and aiming to achieve a total revenue of ¥BB billion by year-end[3]. - New product launches include the introduction of two electric vehicle models, expected to contribute an additional ¥CC billion in revenue[4]. - The company plans to focus on new product development and market expansion strategies in the upcoming quarters[1]. - The company launched the Sihao X6, a smart music cockpit equipped with L2 intelligent driving assistance, targeting the 100,000 RMB price segment[28]. Research and Development - The company is investing in R&D, with a budget increase of DD% for new technologies aimed at enhancing vehicle performance and sustainability[5]. - Research and development expenses increased by 8.66% to ¥663.34 million, compared to ¥610.46 million in the previous year[30]. - The company has over 10,000 patents and has made significant breakthroughs in six core technologies related to electric vehicles[26]. Operational Efficiency and Cost Management - The management has emphasized a focus on improving operational efficiency, targeting a reduction in production costs by EE% over the next year[8]. - Operating costs decreased by 18.75% to ¥16.52 billion from ¥20.33 billion year-on-year[30]. - The company is considering strategic acquisitions to enhance its supply chain efficiency and expand its product offerings[7]. Environmental Compliance and Sustainability - Environmental information indicates that the company is a key pollutant discharge unit, with various pollutants reported across different divisions, including COD, nitrogen, and particulate matter[47]. - The company has implemented automatic monitoring facilities for VOC emissions in the passenger car manufacturing division[56]. - The company has established a solid waste management center to handle hazardous waste, ensuring compliance and monitoring throughout the disposal process[95]. - The company has established a comprehensive monitoring system for groundwater and soil to minimize pollution impact[104]. Financial Position and Assets - The total assets at the end of the reporting period were ¥47,225,121,544.75, an increase of 1.84% from ¥46,370,101,934.78 at the end of the previous year[18]. - The total equity attributable to shareholders decreased to ¥14,486,645,142.26 from ¥15,241,921,572.96, reflecting a decline of approximately 4.95%[163]. - Total current assets reached CNY 26,458,396,610.61, an increase from CNY 25,403,387,411.85 at the beginning of the period, reflecting a growth of approximately 4.15%[161]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 178,273[155]. - The largest shareholder, Anhui Jianghuai Automobile Group Holding Co., Ltd., held 615,400,702 shares, representing 28.18% of the total shares[156]. - The company did not distribute or increase capital reserves, with no dividends or stock bonuses declared for the reporting period[43]. Risks and Challenges - The company faces risks from ongoing chip shortages, which may impact production schedules in the second half of the year[38]. - The company has reported no significant risks that could impact its production and operations during the reporting period[9]. - The company plans to adjust its product structure to mitigate the impact of rising raw material prices on cost pressures[38].

Financial Performance - The company's operating revenue for Q1 2022 was ¥9,761,453,379.70, a decrease of 16.43% compared to the same period last year[4] - The net profit attributable to shareholders was -¥290,199,501.59, representing a decline of 253.45% year-on-year[4] - The company reported a basic and diluted earnings per share of -¥0.13, a decrease of 230.00% compared to the previous year[5] - The net profit for Q1 2022 was -331,763,750.06 RMB, compared to a net profit of 175,766,864.92 RMB in Q1 2021, indicating a significant decline[18] - The total comprehensive income for Q1 2022 was -335,362,175.24 RMB, compared to 173,083,090.64 RMB in Q1 2021, indicating a significant drop[19] - The total operating profit for Q1 2022 was -262,870,873.60 RMB, a decrease from the operating profit of 147,730,937.44 RMB in Q1 2021[18] Cash Flow - The net cash flow from operating activities increased by 236.16% to ¥1,164,941,744.17, primarily due to increased tax refunds and government subsidies received[8] - Cash flow from operating activities generated a net inflow of 1,164,941,744.17 RMB in Q1 2022, compared to 346,545,207.33 RMB in Q1 2021, showing a substantial increase[20] - The company received cash inflows from investment activities totaling 1,990,608,201.49 RMB in Q1 2022, compared to 833,324,515.26 RMB in Q1 2021, marking a notable increase[20] - The company reported a net cash outflow from investment activities of -169,955,427.15 RMB in Q1 2022, an improvement from -818,917,587.42 RMB in Q1 2021[20] - The net cash flow from financing activities was -¥724,270,281.57, contrasting with a positive net cash flow of ¥1,439,104,035.61 in Q1 2021[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥47,287,566,544.26, reflecting a 1.98% increase from the end of the previous year[5] - Total liabilities increased to RMB 31,756,952,072.57 in Q1 2022 from RMB 30,502,831,379.84 in Q1 2021, indicating a rise of 4.1%[15] - The total equity attributable to shareholders was RMB 14,957,453,966.14, down from RMB 15,241,921,572.96 in Q1 2021, reflecting a decrease of 1.9%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 176,954[9] - The largest shareholder, Anhui Jianghuai Automobile Group Holding Co., Ltd., held 615,400,702 shares, accounting for 28.18% of the total shares[9] Costs and Expenses - Total operating costs for Q1 2022 were RMB 10,232,944,086.77, down 13.3% from RMB 11,793,019,815.57 in Q1 2021[16] - The company incurred financial expenses of 46,434,378.20 RMB in Q1 2022, slightly up from 44,087,136.76 RMB in Q1 2021[18] - Research and development expenses increased to 294,734,122.57 RMB in Q1 2022 from 283,414,685.40 RMB in Q1 2021, reflecting a growth of approximately 4.6%[18] Inventory and Receivables - Accounts receivable increased to RMB 3,596,204,015.07 in Q1 2022 from RMB 2,182,106,279.03 in Q1 2021, reflecting a growth of 64.8%[13] - Inventory as of March 31, 2022, was RMB 2,798,667,624.99, up from RMB 2,618,210,603.43 in Q1 2021, marking a growth of 6.9%[13] Non-recurring Items - Non-recurring gains and losses amounted to ¥189,338,326.63, with significant contributions from government subsidies[7] - The decline in net profit was mainly attributed to the impact of the pandemic, chip shortages, and rising raw material costs[8]

Financial Performance - The company achieved a net profit of ¥380,551,978.05 for the year 2021, with a 10% allocation of ¥38,055,197.81 to statutory surplus reserves[3] - The total distributable profit available for shareholders reached ¥2,738,350,813.01, after accounting for prior undistributed profits of ¥2,395,854,032.77[3] - The proposed cash dividend is ¥0.28 per 10 shares, totaling ¥61,152,274.15, which represents 30.58% of the net profit attributable to shareholders[3] - The company reported a net profit attributable to shareholders of ¥199,999,353.78 for the year 2021[3] - The company's operating revenue for 2021 was approximately ¥40.21 billion, a decrease of 6.11% compared to ¥42.83 billion in 2020[18] - The net profit attributable to shareholders for 2021 was approximately ¥200 million, an increase of 40.24% from ¥142.61 million in 2020[18] - The net cash flow from operating activities for 2021 was approximately ¥1.72 billion, a significant recovery from a negative cash flow of ¥1.33 billion in 2020[18] - The total assets at the end of 2021 were approximately ¥46.37 billion, reflecting a 10.10% increase from ¥42.12 billion at the end of 2020[18] - The net assets attributable to shareholders increased by 16.77% to approximately ¥15.24 billion at the end of 2021, compared to ¥13.05 billion at the end of 2020[18] - Basic earnings per share increased by 25.00% to CNY 0.10 in 2021 from CNY 0.08 in 2020[19] Operational Highlights - The company is focusing on expanding its market presence and enhancing its product offerings through new technology developments and strategic partnerships[11] - The company plans to continue its investment in research and development to drive innovation in its product lines[11] - The company is exploring potential mergers and acquisitions to strengthen its competitive position in the automotive industry[11] - The company achieved a significant increase in the delivery of vehicles in collaboration with NIO, totaling approximately 93,000 units for the year[30] - The company sold 524,200 vehicles, a year-on-year increase of 15.63%[30] - The total production volume for major products was 526,802 units, reflecting a year-over-year increase of 15.50%, while sales volume increased by 15.63% to 524,224 units[35] - The company’s overseas assets amounted to ¥358,562,006.67, accounting for 0.77% of total assets[47] Research and Development - The company’s R&D expenses decreased by 18.05% to approximately 1.37 billion RMB in 2021[31] - The total R&D expenditure amounted to ¥1,794,197,174.10, representing 4.46% of total revenue, with capitalized R&D accounting for 23.41%[42] - The number of R&D personnel is 4,463, accounting for 18.20% of the total workforce[43] - The company is investing 500 million CNY in R&D for new technologies aimed at enhancing product efficiency[76] Governance and Compliance - All board members attended the board meeting, ensuring accountability for the report's accuracy[2] - The audit report issued by Rongcheng Accounting Firm was a standard unqualified opinion[2] - The company established a comprehensive corporate governance structure in compliance with relevant laws and regulations[67] - The company has maintained independence from its controlling shareholders and actual controllers[68] - The company has not faced any penalties from securities regulatory agencies in the past three years[83] - The company’s remuneration and assessment committee evaluates the performance of directors and senior management based on established standards[82] Environmental Responsibility - The company has disclosed its environmental impact, including major pollutants such as COD, ammonia nitrogen, and total nickel in wastewater[104] - The company has a comprehensive waste management strategy, addressing solid waste such as waste oil and paint residues[106] - The company has implemented a recycling system for part of the wastewater, which is reused for landscaping and toilet flushing[114] - The company has set up four noise monitoring points at the factory boundary to comply with environmental regulations[111] - The company has implemented environmental management measures in compliance with national and local environmental laws and regulations, ensuring adherence to environmental standards during project investment and daily operations[164] Challenges and Outlook - The company faces challenges such as rising raw material prices, chip shortages, and increased labor costs, which may impact operations[65] - The company anticipates a stable automotive market demand in 2022, despite ongoing supply chain issues and high material costs[62] - The company provided a future outlook, projecting a revenue growth of 12% for the next fiscal year[76] - New product launches are expected to contribute an additional 1 billion CNY in revenue in the upcoming quarter[76] - The company aims to reduce production costs by 5% through improved supply chain management[76] Employee and Management Changes - The total number of employees in the parent company and major subsidiaries is 24,516, with 15,127 in the parent company and 9,389 in major subsidiaries[93] - The company appointed Wang Delong and Yin Xingke as vice general managers on January 20, 2021[78] - The company experienced a leadership change with Xiang Xingchu being elected as chairman in April 2021 after the retirement of the previous chairman, An Jin[78] - The company held a total of 13 board meetings in 2021, with 1 in-person meeting and 10 conducted via communication methods[86] Financial Transactions - Total sales to Cummins Power amounted to ¥10,000.00 million, with actual sales of ¥4,775.27 million, representing a 47.75% realization rate[198] - Total purchases from Cummins Power for engines were ¥190,000.00 million, with actual purchases of ¥173,471.50 million, achieving a 91.63% realization rate[198] - Total purchases from Huating Battery for automotive components were ¥66,000.00 million, with actual purchases of ¥17,609.05 million, reflecting a 26.69% realization rate[198]

Financial Performance - The company achieved a net profit of CNY 380,551,978.05 for the year 2021, with a statutory surplus reserve of CNY 38,055,197.81 deducted, resulting in a distributable profit of CNY 2,738,350,813.01[6] - The proposed cash dividend is CNY 0.28 per share, totaling CNY 61,152,274.15, which represents 30.58% of the net profit attributable to shareholders[6] - The company reported a net profit attributable to shareholders of CNY 199,999,353.78 for the year 2021[6] - The net profit attributable to shareholders was CNY 199.99 million, representing a 40.24% increase from CNY 142.61 million in 2020[25] - The company reported a decrease in net profit after deducting non-recurring gains and losses, amounting to CNY -1.88 billion in 2021, compared to CNY -1.72 billion in 2020[25] - The total operating revenue for 2021 was 40.31 billion RMB, a decrease of 6.05% compared to the previous year[44] - The company’s total assets increased by 10.10% to CNY 46.37 billion at the end of 2021, compared to CNY 42.12 billion at the end of 2020[25] - The net cash flow from operating activities was CNY 1.72 billion, a significant recovery from a negative cash flow of CNY 1.33 billion in 2020[25] - Basic earnings per share rose to CNY 0.10, up 25.00% from CNY 0.08 in 2020[26] - The weighted average return on equity increased to 1.50%, up 0.40 percentage points from 1.10% in 2020[26] Market and Sales Performance - The company sold 524,200 vehicles in 2021, achieving a year-on-year growth of 15.63%, with total revenue for the year at ¥40.31 billion, a decrease of 6.05% compared to the previous year[36] - The company achieved a market share of 13.4% in the new energy vehicle sector, up 8 percentage points from the previous year[40] - New energy vehicle sales surged by 169.12% to 134,118 units, with production increasing by 162.40% to 131,451 units[68] - The company’s overseas sales revenue reached approximately 6.28 billion RMB, reflecting an increase of 87.94% year-on-year[47] Research and Development - The company’s R&D expenses in 2021 were approximately 1.37 billion RMB, down 18.05% from the previous year[45] - The total R&D investment amounted to 1,794,197,174.10 yuan, which is 4.46% of the operating revenue, with capitalized R&D accounting for 23.41% of the total[55] - The company is actively pursuing new technologies and product innovations to strengthen its competitive position in the automotive industry[25] - The company is focusing on product innovation, launching new models such as the "Starry Digital Cockpit" and "Intelligent Coupe" aimed at younger consumers[37] Corporate Governance - The company has established a comprehensive corporate governance structure in compliance with relevant laws and regulations[83] - The total pre-tax compensation for the executives during the reporting period amounted to 767.73 million CNY[87] - The company has established several specialized committees, including the Audit Committee and the Strategic Committee, to enhance governance[102] - The audit committee confirmed that related party transactions were legal and did not harm the interests of the company and its shareholders[103] Environmental Management - The company has implemented a comprehensive waste management strategy, ensuring hazardous waste is handled according to regulatory standards[131] - The company’s emissions management includes advanced systems for treating volatile organic compounds (VOCs) during the painting process[130] - The company emphasizes compliance with environmental regulations and has established protocols for pollutant discharge[130] - The company has implemented noise reduction measures to minimize adverse effects on surrounding residents and businesses[177] Leadership Changes - The company reported a change in leadership with Xiang Xingchu becoming the chairman after the retirement of former chairman An Jin in April 2021[90] - The company announced the appointment of Li Ming as the new general manager on December 24, 2021[90] - Zhang Lichun was appointed as the financial officer following the dismissal of the previous financial officer Tao Wei on December 24, 2021[90] Future Outlook - The company plans to focus on expanding its market presence and enhancing product development in the upcoming years[25] - The company plans to produce and sell 568,000 vehicles and chassis in 2022, representing a year-on-year growth of 8.36%[79] - The expected total revenue for 2022 is RMB 45 billion, an increase of 11.63% compared to the previous year[79] - The company anticipates stable automotive market demand in 2022, despite challenges such as chip shortages and high raw material prices[77]

Financial Performance - The company's operating revenue for Q3 2021 was ¥8,343,973,440.26, a decrease of 25.19% compared to the same period last year[4]. - The net profit attributable to shareholders for Q3 2021 was -¥282,909,713.75, representing a decline of 249.06% year-on-year[4]. - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2021 was -¥427,377,538.84, with no applicable comparison[4]. - The basic earnings per share for Q3 2021 was -¥0.15, a decrease of 250.00% compared to the same period last year[5]. - Total operating revenue for the first three quarters of 2021 was CNY 30,797,111,085.40, a slight decrease from CNY 30,861,014,587.01 in the same period of 2020[19]. - Net profit for the third quarter of 2021 was CNY 134,495,106.79, down from CNY 234,651,234.59 in the previous year[20]. - The total comprehensive income for the period attributable to the parent company was CNY 211,300,256.00, compared to CNY 30,309,615.89 in the previous period, indicating a significant increase[21]. - The company reported a basic and diluted earnings per share of CNY 0.10, up from CNY 0.02 in the previous period, reflecting improved profitability[21]. Assets and Liabilities - The total assets at the end of Q3 2021 were ¥44,660,396,092.85, an increase of 6.04% from the end of the previous year[5]. - The company's total current assets as of September 30, 2021, amount to ¥23,222,139,023.29, an increase from ¥20,730,702,848.67 in the previous year, reflecting a growth of approximately 7.2%[16]. - The total assets of the company are reported at ¥44,660,396,092.85, compared to ¥42,117,490,724.53 in the previous year, indicating an increase of about 6.0%[16]. - The total liabilities of the company have increased, with short-term borrowings rising to ¥2,582,950,468.47 from ¥2,102,100,000.00, an increase of about 23.0%[16]. - The total liabilities increased to CNY 30,650,695,994.89 from CNY 28,203,751,865.18 year-over-year[18]. - The company's total equity reached CNY 14,009,700,097.96, compared to CNY 13,913,738,859.35 in the previous year[18]. - Total assets amounted to approximately ¥42.12 billion, with current assets at ¥20.73 billion and non-current assets at ¥21.39 billion[26]. - Total liabilities reached approximately ¥28.20 billion, with current liabilities at ¥21.79 billion and non-current liabilities at ¥6.41 billion[27]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥516,954,179.68, with no applicable comparison for the current period[5]. - The net cash flow from operating activities for the first three quarters of 2021 was CNY 516,954,179.68, a turnaround from a negative cash flow of CNY -1,754,481,117.60 in the same period of 2020[23]. - Cash received from the sale of goods and services amounted to CNY 37,058,425,887.63, up from CNY 22,429,410,259.75 in the previous year, reflecting a growth of approximately 65%[22]. - The net cash flow from investing activities was CNY -402,903,059.53, compared to a positive cash flow of CNY 217,530,677.05 in the same period last year, indicating a decline in investment returns[23]. - The net cash flow from financing activities was CNY 1,263,483,505.43, an increase from CNY 130,653,639.69 in the previous year, showing improved financing conditions[24]. - The total cash and cash equivalents at the end of the period were CNY 6,788,305,317.17, compared to CNY 4,791,023,206.50 at the end of the previous year, indicating a strong liquidity position[24]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 201,837, with the top ten shareholders holding a combined 53.55% of shares[11]. - Anhui Jianghuai Automobile Group Holding Co., Ltd. is the largest shareholder, holding 324,703,028 shares, which represents 17.15% of the total[11]. Research and Development - The company is focusing on expanding its market presence and enhancing its product offerings through ongoing research and development initiatives[12]. - Research and development expenses for the first three quarters of 2021 were CNY 935,613,408.83, up from CNY 730,924,960.09 in the same period of 2020[19]. Government Support - The company received government subsidies amounting to ¥171,635,206.48 in Q3 2021, contributing to its financial performance[6]. Future Plans - The company has received approval from the China Securities Regulatory Commission for a non-public stock issuance project, indicating future capital raising plans[13].