证券代码：600523 证券简称：贵航股份 公告编号：2023-021 贵州贵航汽车零部件股份有限公司 关于召开 2023 年第一次临时股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一) 股东大会类型和届次 2023 年第一次临时股东大会 召开的日期时间：2023 年 9 月 14 日 9 点 30 分 召开地点：公司会议室 (五) 网络投票的系统、起止日期和投票时间。 股东大会召开日期：2023年9月14日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2023 年 9 月 14 日 至 2023 年 9 月 14 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 ...

贵州贵航汽车零部件股份有限公司独立董事 关于第七届董事会第六次会议相关议案的独立意见 作为贵州贵航汽车零部件股份有限公司的独立董事,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》、《上海证券交易所股票上 市规则》等法律法规、规范性文件和《公司章程》的相关规定,现就公司 2023 年8月24日召开的第七届董事会第六次会议审议的相关事项发表如下独立意见: 一、关于聘用大华会计师事务所(特殊普通合伙)为公司 2023 年度审计机 构及费用的独立意见 大华会计师事务所(特殊普通合伙)具备为上市公司提供审计服务的资质 和经验,能够满足公司年度审计工作的要求。公司决策程序符合有关法律、法规 及《公司章程》的规定,不存在损害公司和股东、特别是中小股东利益的情形。 同意聘用大华会计师事务所(特殊普通合伙)为公司 2023年度财务报告以及内 部控制审计机构,聘期一年;年报审计费用为人民币 80万元、内控审计费用为 人民币 20 万元。该事项需提交公司股东大会审议。 二、关于确认公司对中航工业集团财务有限责任公司风险持续评估报告的 独立意见 我们认为中航工业集团财务有限责任公司作为非银行金融机构,其业务范 ...

证券简称：贵航股份 证券代码：600523 编号：2023-017 贵州贵航汽车零部件股份有限公司 第七届董事会第六次会议决议公告 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。 贵州贵航汽车零部件股份有限公司（以下简称"公司"）第七届董事会第六次会 议通知于 2023 年 8 月 11 日以现场送达、电子邮件形式向公司全体董事发出。本次 会议于 2023 年 8 月 24 日以现场和通讯（视频）方式在贵阳市经济技术开发区浦江 路 361 号公司二楼会议室召开，本次会议应到 9 人，实到 9 人。与会董事对会议审 议事项进行了表决。符合《公司法》、《公司章程》的有关规定，所作决议合法有效。 经过表决作出如下决议： 一、9 票同意、0 票弃权、0 票反对，审议通过了《2023 年半年度报告及摘要》； 关联董事丁峰涛、徐毅、蔡晖遒、石仕明、于险峰、严德华回避表决，三名非 关联董事进行表决。 详见公司于 2023 年 8 月 26 日在上海证券交易所网站（www.sse.com.cn）披露 的《贵州贵航汽车零部件股份有限公司对 ...

证券简称：贵航股份 证券代码：600523 编号：2023-012 贵州贵航汽车零部件股份有限公司 关于召开 2022 年度业绩说明会暨投资者 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5月17日（星期三）15:30-17:00 ●会议召开方式：网络方式 ●投资者可在2023年5月15日前，通过微信关注"贵州资本市场"公众 号，发送关键词"提问"即可进入专区提问，公司将在本次说明会上对投资者 普遍关注的问题进行回答。 贵州贵航汽车零部件股份有限公司（以下简称"公司"）根据贵州证券业 协会《关于举办贵州辖区上市公司投资者集体接待日活动（2022年度业绩说明 会）暨公司治理专题培训的通知》，以及为便于广大投资者更全面深入了解公 司经营发展等具体情况，公司决定以网络方式举行"2022年度业绩说明会暨投 资者集体接待日活动"。 公司《2022年年度报告》已于2023年3月14日在指定信息披露媒体《中国证 券报》等及上海证券交易所网站（www.sse.com.c ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥482,277,153.08, representing a decrease of 15.94% compared to the same period last year[3]. - The net profit attributable to shareholders was ¥33,251,304.29, down 3.17% year-on-year[3]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥26,102,789.05, a decline of 13.93% compared to the previous year[3]. - Total revenue for Q1 2023 was ¥482,277,153.08, a decrease of 15.93% compared to ¥573,724,530.41 in Q4 2022[16]. - Operating profit for Q1 2023 was ¥40,297,707.04, compared to ¥42,798,173.99 in Q4 2022, reflecting a decline of 5.85%[16]. - The total profit for Q1 2023 is approximately ¥40.01 million, a decrease from ¥42.34 million in Q1 2022, representing a decline of about 5.5%[17]. - The net profit for Q1 2023 is approximately ¥34.16 million, down from ¥35.69 million in Q1 2022, reflecting a decrease of about 4.3%[17]. Assets and Liabilities - The company's total assets at the end of Q1 2023 were ¥3,450,642,433.22, showing a slight increase of 0.07% from the end of the previous year[4]. - Total assets as of March 31, 2023, were ¥3,450,642,433.22, slightly up from ¥3,448,311,273.02 at the end of 2022[12]. - Total liabilities decreased to ¥529,248,383.85 from ¥562,330,635.64, a decline of 5.87%[12]. - Non-current liabilities increased to ¥40,316,501.90 from ¥38,173,165.77, an increase of 5.61%[12]. - The company's retained earnings rose to ¥1,287,726,169.79, compared to ¥1,254,474,865.50 at the end of 2022, an increase of 2.66%[12]. Shareholder Information - The equity attributable to shareholders increased by 1.22% to ¥2,852,959,189.65 compared to the end of the previous year[4]. - The company had a total of 26,290 common shareholders at the end of the reporting period[6]. Earnings and Cash Flow - The basic earnings per share remained unchanged at ¥0.08, while the diluted earnings per share also stood at ¥0.08[3]. - The weighted average return on equity decreased by 0.04 percentage points to 1.17%[3]. - The net cash flow from operating activities was negative at -¥11,399,740.13, which is not applicable for year-on-year comparison[3]. - The net cash flow from operating activities for Q1 2023 is negative at approximately -¥11.40 million, compared to a positive cash flow of ¥16.58 million in Q1 2022[19]. - Cash inflow from operating activities totaled approximately ¥371.58 million in Q1 2023, down from ¥429.73 million in Q1 2022, indicating a decrease of about 13.5%[19]. - Cash outflow from operating activities in Q1 2023 was approximately ¥382.98 million, compared to ¥413.16 million in Q1 2022, showing a reduction of about 7.3%[19]. - The cash flow from investment activities in Q1 2023 is negative at approximately -¥32.51 million, an improvement from -¥96.55 million in Q1 2022[20]. - The total cash and cash equivalents at the end of Q1 2023 is approximately ¥498.16 million, down from ¥541.94 million at the end of Q1 2022[20]. - Cash and cash equivalents decreased to ¥498,163,529.15 from ¥542,096,637.42, a reduction of 8.11%[10]. Non-Recurring Gains - Non-recurring gains totaled ¥7,148,515.24, primarily from government subsidies and other non-operating income[5]. Accounting Standards - The company has not adopted new accounting standards for the current year, maintaining consistency in financial reporting[21]. - The company reported no net profit from the merged entity in Q1 2023, consistent with the previous period[18].

Financial Performance - The company's operating revenue for 2022 was CNY 2,153,258,906.35, a decrease of 10.07% compared to CNY 2,394,314,320.13 in 2021[23]. - The net profit attributable to shareholders for 2022 was CNY 122,780,957.98, down 19.70% from CNY 152,895,335.72 in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 112,739,275.10, a decline of 21.86% compared to CNY 144,269,544.72 in 2021[23]. - Cash flow from operating activities for 2022 was CNY 140,987,783.07, a decrease of 39.55% from CNY 233,241,350.39 in 2021[24]. - The total profit for the year was 144 million RMB, down 19.72% compared to the previous year[34]. - The basic earnings per share decreased by 21.05% to 0.30 RMB per share in 2022[25]. - The weighted average return on net assets was 4.42%, a decrease of 1.32 percentage points from 2021[25]. Assets and Liabilities - The total assets at the end of 2022 were CNY 3,448,311,273.02, an increase of 3.83% from CNY 3,320,957,433.73 at the end of 2021[24]. - The net assets attributable to shareholders increased to CNY 2,818,453,529.95, reflecting a growth of 3.35% from CNY 2,726,991,200.92 in 2021[24]. - The company’s asset-liability ratio stood at 16.31%[34]. - The company’s receivables and inventory accounted for 46.08% of total assets, an increase of 1.94 percentage points year-on-year[34]. - The company maintained a debt-to-asset ratio of approximately 16%, indicating no debt risk[37]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of CNY 1.10 per 10 shares, totaling CNY 44.47 million, which accounts for 36.22% of the net profit attributable to shareholders[5]. - In 2022, the company proposed a cash dividend of 1.10 RMB per 10 shares, totaling 44,474,245.20 RMB, which represents 36.22% of the net profit attributable to ordinary shareholders[141]. Research and Development - The company’s R&D investment accounted for 5.1% of total revenue, an increase of 0.82 percentage points compared to 2021[39]. - The company filed 132 patent applications, representing a year-on-year growth of 55.29%, with 42 of these being invention patents, up 68%[39]. - The total R&D investment reached 109.89 million yuan, representing 5.10% of the operating income[67]. - The number of R&D personnel is 632, which constitutes 19.24% of the total workforce[68]. Operational Efficiency - The company completed a cost reduction plan with a completion rate of 107.92%, exceeding targets in technical, quality, and production management cost reductions[37]. - The company has implemented a strict budget management system, ensuring full participation in budget preparation and execution analysis[36]. - The company is focusing on reducing production costs and improving quality stability through ongoing technological improvements[80]. Market and Sales Performance - The company reported a significant increase in new orders, with a year-on-year growth exceeding 35% in 2022[35]. - The proportion of new energy business orders increased by over 20 percentage points compared to the previous year[35]. - The main business revenue for the year reached CNY 1,097,440,160.96, an increase of 13.44% compared to the previous year[59]. - The total cost of the main business was CNY 454,794,478.76, reflecting a 15.70% increase from CNY 393,089,801.90 in the previous year[60]. Environmental and Social Responsibility - The company invested 3.23 million RMB in environmental protection during the reporting period[151]. - The company has established 9 sets of online monitoring devices for real-time monitoring of wastewater discharge, connected to the Guizhou Environmental Protection Information Center[158]. - The company has achieved a total chromium discharge concentration of 0.000007 mg/l, significantly below the permitted limit of 1.0 mg/l[152]. - Total investment in poverty alleviation and rural revitalization projects amounted to CNY 1.1304 million, with CNY 1.1195 million allocated for funding[163]. Corporate Governance - The company held 1 annual general meeting and 4 extraordinary general meetings during the reporting period, ensuring all shareholders enjoy equal rights[100]. - The board of directors convened 10 meetings during the reporting period, fulfilling their responsibilities and ensuring compliance with legal and regulatory requirements[101]. - The supervisory board held 7 meetings, effectively overseeing the legality and compliance of the company's financial activities and management actions[102]. - The company maintained strict adherence to information disclosure regulations, ensuring timely, accurate, and complete information for all shareholders[104]. Future Outlook and Strategic Goals - The company aims for a revenue target of 2.5 billion yuan and a net profit of 156 million yuan for 2023, with a continuous decline in cost expenses ratio and improvement in operating cash flow[91]. - The company plans to complete new order targets of 3.5 billion yuan for the year, with at least 50% coming from new energy business[93]. - The company is committed to dynamic management of its "14th Five-Year" development plan, ensuring strategic goals are effectively implemented and monitored[92]. Shareholder Structure and Changes - The company reported a total of 16,448 ordinary shareholders as of the end of the reporting period, a decrease from 26,857 in the previous month[179]. - The total number of shares held by the board members at the beginning of the year was 18,340, and it remained the same by the end of the year[110]. - The actual controller of the company is China Aviation Industry Group Co., Ltd., which holds 70.11% of the shares[189].

2022 年第三季度报告 证券代码：600523 证券简称：贵航股份 贵州贵航汽车零部件股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人雷自力、主管会计工作负责人孙冬云及会计机构负责人（会计主管人员）张晓璐 保证季度报告中财务信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 比上年同 | | 末比上年同期 | | | | 期增减变 | | 增减变动幅度 | | | | 动幅度(%) | | (%) | | 营业收入 | 549,511,659.21 | 0.04 | 1,578,455,417.03 | -9.76 | | ...

[Definitions](index=4&type=section&id=Section%20I%20Definitions) [Definitions of Common Terms](index=4&type=section&id=Definitions%20of%20Common%20Terms) This section defines key terms, including company abbreviations, controlling shareholders, and subsidiaries, to facilitate understanding of the report - The reporting period refers to January 1, 2022, to June 30, 2022[9](index=9&type=chunk) - The company's controlling shareholder is China Aviation Automobile Systems Holding Co., Ltd. (AVIC Auto), and the ultimate controller is Aviation Industry Corporation of China, Ltd. (AVIC)[9](index=9&type=chunk) [Company Profile and Key Financial Indicators](index=4&type=section&id=Section%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) [Basic Company Information](index=4&type=section&id=I.%20Company%20Information) This section provides essential company details, including its names, stock code (600523), legal representative, and contact information - The company's full name is Guizhou Guihang Automotive Components Co., Ltd., with stock abbreviation Guihang Shares and stock code **600523**[11](index=11&type=chunk)[15](index=15&type=chunk) [Key Accounting Data and Financial Indicators](index=5&type=section&id=VII.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In H1 2022, the company's performance significantly declined, with revenue down 14.25% and net profit attributable to shareholders down 49.29%, impacted by consolidation changes and order reductions Key Accounting Data | Account | Current Period (Jan-Jun) (RMB) | Prior Period (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,028,943,757.82 | 1,199,903,392.34 | -14.25 | | Net Profit Attributable to Shareholders of Listed Company | 43,702,762.06 | 86,188,618.54 | -49.29 | | Net Profit Attributable to Shareholders of Listed Company (Excluding Non-recurring Gains/Losses) | 37,096,711.64 | 75,682,438.64 | -50.98 | | Net Cash Flow from Operating Activities | 47,694,231.33 | 116,870,611.95 | -59.19 | Key Financial Indicators | Indicator | Current Period (Jan-Jun) | Prior Period | YoY Change | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (RMB/share) | 0.11 | 0.21 | -47.62% | | Basic EPS (Excluding Non-recurring Gains/Losses) (RMB/share) | 0.09 | 0.19 | -52.63% | | Weighted Average Return on Net Assets (%) | 1.61% | 3.28% | Decrease 1.67 percentage points | | Weighted Average RONAN (Excluding Non-recurring Gains/Losses) (%) | 1.36% | 2.88% | Decrease 1.52 percentage points | - During the reporting period, non-recurring gains and losses totaled **RMB 6.606 million**, primarily from fair value changes in transactional financial assets (**RMB 6.347 million**) and government grants (**RMB 3.370 million**)[19](index=19&type=chunk) [Management Discussion and Analysis](index=7&type=section&id=Section%20III%20Management%20Discussion%20and%20Analysis) [Industry and Principal Business](index=7&type=section&id=I.%20Description%20of%20Industry%20and%20Principal%20Business%20During%20the%20Reporting%20Period) The company operates in automotive components and aerospace products; H1 2022 saw a decline in automotive components due to the pandemic, while aerospace products grew strongly, with direct sales to major domestic manufacturers - The company's principal businesses are automotive components and aerospace products; in the first half, automotive components declined year-on-year due to the pandemic, while aerospace products developed rapidly[20](index=20&type=chunk)[23](index=23&type=chunk) - The company's operating model primarily involves external procurement of raw materials based on customer plans, centralized production organized according to customer plans, and direct sales to original equipment manufacturers[20](index=20&type=chunk)[21](index=21&type=chunk)[22](index=22&type=chunk) [Analysis of Core Competencies](index=8&type=section&id=II.%20Analysis%20of%20Core%20Competencies%20During%20the%20Reporting%20Period) The company's core competencies include technology, product breadth, and cost advantages, allowing for stronger R&D than domestic peers and greater resilience with cost benefits over foreign competitors - Compared to domestic enterprises, the company possesses technological advantages, full industry chain capabilities, and the ability to co-develop with OEMs[24](index=24&type=chunk) - Compared to foreign enterprises, the company offers a comprehensive range of products, demonstrates strong resilience to market fluctuations, and benefits from labor and energy cost advantages due to its western location[24](index=24&type=chunk) [Discussion and Analysis of Operations](index=8&type=section&id=III.%20Discussion%20and%20Analysis%20of%20Operations) In H1 2022, total operating revenue decreased by 14.25% to **RMB 1.029 billion**, and total profit fell by 46.40% to **RMB 58 million**, with new energy vehicle orders showing strong 498% growth Key Operating Indicators | Indicator | H1 2022 (RMB billion) | YoY Change | | :--- | :--- | :--- | | Total Operating Revenue | 1.029 | -14.25% | | Total Profit | 0.058 | -46.40% | - New orders in the first half totaled **RMB 1.22 billion**, a **40%** year-on-year increase; new energy vehicle orders reached **RMB 729 million**, growing by **498%**, becoming a significant growth driver[27](index=27&type=chunk) - The company achieved cost reductions of **RMB 56.7 million** in the first half and reduced its supplier base by **25** to optimize costs and supply chain[26](index=26&type=chunk)[27](index=27&type=chunk) [Analysis of Key Operating Conditions](index=9&type=section&id=IV.%20Key%20Operating%20Conditions%20During%20the%20Reporting%20Period) This section analyzes the period's financial status, noting revenue, cost, and expense declines due to consolidation changes and order drops, a 4762.55% increase in long-term equity investments from Hande (China) capital injection, and completed restructuring and deregistration activities [Analysis of Principal Business](index=9&type=section&id=(I)%20Analysis%20of%20Principal%20Business) During the period, operating revenue decreased by 14.25% due to deconsolidation and order declines, sales expenses dropped by 59.21% from cost reclassification and efficiency, and operating cash flow fell by 59.19% due to reduced consolidation and orders Key Financial Data Changes | Account | Current Period (RMB) | Prior Period (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,028,943,757.82 | 1,199,903,392.34 | -14.25 | | Operating Cost | 793,792,131.73 | 902,562,097.01 | -12.05 | | Selling Expenses | 15,110,812.83 | 37,045,978.19 | -59.21 | | Net Cash Flow from Operating Activities | 47,694,231.33 | 116,870,611.95 | -59.19 | - The primary reasons for the decline in operating revenue were the completion of business registration changes for Hande (China), the deconsolidation of Chengdu Wanjiang, Shanghai Hongyang, and Hongyang Company, and a decrease in orders[30](index=30&type=chunk) [Analysis of Assets and Liabilities](index=10&type=section&id=(III)%20Analysis%20of%20Assets%20and%20Liabilities) At period-end, the asset and liability structure changed significantly; long-term equity investments surged **4762.55%** to **RMB 464 million** due to Hande (China) capital injection, while receivables decreased from deconsolidation, and payables increased **73.70%** due to adjusted payment terms - The year-end balance of long-term equity investments significantly increased by **4762.55%** compared to the end of the previous year, primarily due to the company's increased capital contribution to its associate, Hande (China)[32](index=32&type=chunk) - Notes receivable and accounts receivable financing decreased by **34.63%** and **75.23%** respectively, primarily due to the reduction in the scope of consolidation[32](index=32&type=chunk) - Accounts payable increased by **73.70%** compared to the end of the previous year, mainly because supplier payments shifted from advance payments to execution according to contract cycles[32](index=32&type=chunk) [Analysis of Investment Status](index=11&type=section&id=(IV)%20Analysis%20of%20Investment%20Status) During the period, the company adjusted its equity structure, restructuring Yonghong Radiator into a wholly-owned subsidiary, completing related-party capital injections into Hande (China) with Guizhou Hongyang and Shanghai Hongyang equity, and liquidating Chengdu Wanjiang - The company increased its capital contribution to related party Hande (China) Automotive Sealing Co., Ltd. with its **100%** equity in Guizhou Hongyang and **76.19%** equity in Shanghai Hongyang, with business registration changes completed[34](index=34&type=chunk) - The company restructured Yonghong Radiator Company into a wholly-owned subsidiary and completed the liquidation and deregistration of Chengdu Wanjiang Automotive Components Co., Ltd[33](index=33&type=chunk)[34](index=34&type=chunk) [Analysis of Major Holding and Participating Companies](index=12&type=section&id=(VI)%20Analysis%20of%20Major%20Holding%20and%20Participating%20Companies) During the period, Wanjiang Electromechanical and Huayang Electric were major net profit contributors, with **RMB 33.5637 million** and **RMB 30.8202 million** respectively, while Hongyang Company and Shanghai Hongyang's assets became zero due to equity capital injection Major Holding and Participating Companies Performance | Company Name | Main Products or Services | Total Assets (RMB 10k) | Net Assets (RMB 10k) | Net Profit (RMB 10k) | | :--- | :--- | :--- | :--- | :--- | | Wanjiang Electromechanical | Aerospace products, automotive window regulators, etc. | 70,089.05 | 59,413.08 | 3,356.37 | | Huayang Electric | Aerospace electrical switches, control devices | 80,755.98 | 62,007.31 | 3,082.02 | | Hongyang Machinery | Aerospace seals, automotive seals | 14,099.58 | 12,176.39 | 1,074.45 | | Hongyang Company | Automotive sealing strip products | 0.00 | 0.00 | 11.28 | | Shanghai Hongyang | Automotive sealing strip products | 0.00 | 0.00 | 232.46 | [Corporate Governance](index=12&type=section&id=Section%20IV%20Corporate%20Governance) [Shareholders' Meeting Information](index=12&type=section&id=I.%20Overview%20of%20Shareholders'%20Meetings) During the period, the company held **4** shareholders' meetings, including **1** annual and **3** extraordinary, approving key proposals like the annual report, profit distribution, and board elections - During the reporting period, **4** shareholders' meetings were held, approving important matters such as the '2021 Annual Report', 'Proposal for 2021 Profit Distribution', and the election of new directors and supervisors[39](index=39&type=chunk)[40](index=40&type=chunk) [Changes in Directors, Supervisors, and Senior Management](index=14&type=section&id=II.%20Changes%20in%20the%20Company's%20Directors,%20Supervisors,%20and%20Senior%20Management) During the period, significant senior management changes occurred; former Chairman Tang Haibin resigned, Mr. Lei Zili was elected new Chairman, and Mr. Li Guochun transitioned from director to Supervisory Board Chairman - Former Chairman Mr. Tang Haibin resigned due to age, and Mr. Lei Zili was elected as the new Chairman in January 2022[41](index=41&type=chunk) - Mr. Li Guochun resigned from his director position and was elected Chairman of the company's Supervisory Board in June 2022[42](index=42&type=chunk) [Half-Year Profit Distribution Plan](index=14&type=section&id=III.%20Profit%20Distribution%20or%20Capital%20Reserve%20Conversion%20Plan) The company proposes no profit distribution or capital reserve conversion to share capital for H1 2022 - The 2022 half-year profit distribution plan is: no distribution, no conversion[43](index=43&type=chunk) [Environmental and Social Responsibility](index=15&type=section&id=Section%20V%20Environmental%20and%20Social%20Responsibility) [Environmental Information](index=15&type=section&id=I.%20Environmental%20Information%20Overview) The company prioritizes environmental protection; its subsidiary Guiyang Huake Electroplating, a key polluting entity, has comprehensive pollution control and emergency plans, conducts self-monitoring, received no environmental penalties, and plans to invest **RMB 6.5 million** in facility upgrades - Its subsidiary, Guiyang Huake Electroplating Co., Ltd., is a municipal key wastewater discharge monitoring enterprise, equipped with wastewater treatment and exhaust gas treatment facilities, connected to the provincial environmental protection information center to ensure stable compliance with discharge standards[45](index=45&type=chunk)[46](index=46&type=chunk) - The company plans to invest **RMB 6.5 million** in technical upgrades for its subsidiary Huake Electroplating, enhancing production equipment and wastewater treatment facilities to protect the environment and prevent pollution[50](index=50&type=chunk) - The company continuously reduces carbon emissions and improves energy efficiency by promoting 'Green Aviation Industry' compliance and adopting new processes and equipment[51](index=51&type=chunk) [Social Responsibility and Rural Revitalization](index=17&type=section&id=II.%20Specifics%20of%20Consolidating%20Poverty%20Alleviation%20Achievements%20and%20Rural%20Revitalization%20Efforts) In H1 2022, the company actively fulfilled social responsibilities and engaged in rural revitalization, supporting areas like Ziyun County, Guizhou, through cadre dispatch, poverty alleviation funds, consumer assistance, and party building partnerships - The company dispatched **2** resident cadres, **1** temporary deputy county head, and **2** volunteer teachers, deeply participating in rural revitalization[52](index=52&type=chunk) - In the first half, **RMB 400,000** was invested in industrial projects and epidemic prevention in Ziyun County, and **RMB 397,000** worth of local products were purchased through consumer assistance[52](index=52&type=chunk) - The company's **8** Party branches established party-building partnerships with **5** villages in Ziyun County, conducting comforting visits for struggling households and providing financial aid to impoverished students[53](index=53&type=chunk) [Significant Matters](index=19&type=section&id=Section%20VI%20Significant%20Matters) [Major Related Party Transactions](index=19&type=section&id=X.%20Major%20Related%20Party%20Transactions) During the period, the company completed major related-party transactions, primarily a capital injection into Hande (China) using subsidiary equity, and maintained deposit accounts with the group's finance company, with a period-end balance of **RMB 50,057.70** - The company increased its capital contribution to related party Hande (China) Automotive Sealing Co., Ltd. with its **100%** equity in Guizhou Hongyang and **76.19%** equity in Shanghai Hongyang, with business registration changes completed in February 2022[60](index=60&type=chunk) - The company has deposit business with AVIC Industrial Group Finance Co., Ltd., with a daily maximum deposit limit of **RMB 600 million** and a period-end deposit balance of **RMB 50,057.70**[64](index=64&type=chunk) [Share Changes and Shareholder Information](index=22&type=section&id=Section%20VII%20Share%20Changes%20and%20Shareholder%20Information) [Share Capital Changes](index=22&type=section&id=I.%20Share%20Capital%20Changes) During the reporting period, the company's total share capital and equity structure remained unchanged - During the reporting period, the company's total share capital and equity structure remained unchanged[67](index=67&type=chunk) [Shareholder Information](index=22&type=section&id=II.%20Shareholder%20Information) As of period-end, the company had **15,847** common shareholders; the top two, both state-owned entities under the same ultimate controller, held a combined stake exceeding **46%** - As of the end of the reporting period, the company had a total of **15,847** shareholders[67](index=67&type=chunk) Top Shareholders | Shareholder Name | Shares Held at Period-End | Proportion (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | China Aviation Automobile Systems Holding Co., Ltd. | 149,623,188 | 37.01 | State-owned Legal Entity | | China Guizhou Aviation Industry (Group) Co., Ltd. | 37,524,155 | 9.28 | State-owned Legal Entity | | Guiyang Qingchangzai Asset Management Co., Ltd. | 16,000,000 | 3.96 | Unknown | | Guiyang Industrial Investment Group Co., Ltd. | 9,234,177 | 2.28 | State-owned Legal Entity | - The top two shareholders are related parties, belonging to the same ultimate controller, Aviation Industry Corporation of China, Ltd[70](index=70&type=chunk) [Financial Report](index=24&type=section&id=Section%20X%20Financial%20Report) [Financial Statements](index=24&type=section&id=II.%20Financial%20Statements) This section presents the company's unaudited H1 2022 consolidated and parent financial statements, showing total assets of **RMB 3.304 billion**, net assets attributable to parent of **RMB 2.724 billion**, operating revenue of **RMB 1.029 billion**, and net profit attributable to parent of **RMB 43.7 million** Consolidated Financial Highlights | Item | Period-End Balance/Current Period Amount (RMB) | | :--- | :--- | | **Balance Sheet (Consolidated)** | | | Total Assets | 3,304,096,518.95 | | Total Liabilities | 521,256,687.37 | | Equity Attributable to Parent Company Owners | 2,723,932,117.77 | | **Income Statement (Consolidated)** | | | Total Operating Revenue | 1,028,943,757.82 | | Net Profit Attributable to Parent Company Shareholders | 43,702,762.06 | | **Cash Flow Statement (Consolidated)** | | | Net Cash Flow from Operating Activities | 47,694,231.33 | [Changes in Consolidation Scope](index=101&type=section&id=VIII.%20Changes%20in%20Consolidation%20Scope) During the period, the company's consolidation scope changed, adding Guizhou Yonghong Radiator (newly established) and deconsolidating Guizhou Hongyang, Shanghai Hongyang, and Chengdu Wanjiang due to equity capital injections and deregistration - Consolidation scope increased with the establishment of a new wholly-owned subsidiary, Guizhou Yonghong Radiator Co., Ltd[325](index=325&type=chunk) - Consolidation scope decreased: Guizhou Hongyang Sealing Co., Ltd. and Shanghai Hongyang Sealing Co., Ltd. are no longer consolidated due to equity capital injection into Hande (China)[325](index=325&type=chunk) - Consolidation scope decreased: Chengdu Wanjiang Automotive Components Co., Ltd. has been deregistered and is no longer consolidated[326](index=326&type=chunk) [Interests in Other Entities](index=102&type=section&id=IX.%20Interests%20in%20Other%20Entities) This section discloses the company's interests in subsidiaries, joint ventures, and associates, including **10** consolidated subsidiaries and equity method investments in Hongda Electric (**30%**) and Hande (China) (**47.39%**) - The company holds **10** subsidiaries, including Huayang Electric (**100%**), Wanjiang Electromechanical (**100%**), and Shanghai Yonghong (**90%**)[327](index=327&type=chunk) - The company holds a **47.39%** equity stake in associate Hande (China), recognizing an investment loss of **RMB 17.7042 million** for the current period[226](index=226&type=chunk)[332](index=332&type=chunk) - Among significant non-wholly-owned subsidiaries, Shanghai Yonghong, Guizhou Huachang, and Tianjin Daqi all achieved profitability during the reporting period[328](index=328&type=chunk)[329](index=329&type=chunk) [Related Parties and Related Party Transactions](index=110&type=section&id=XII.%20Related%20Parties%20and%20Related%20Party%20Transactions) The company's ultimate controlling party is Aviation Industry Corporation of China, Ltd.; during the period, frequent related-party transactions occurred with group affiliates for goods and services, and significant deposit balances were maintained with AVIC Industrial Group Finance Co., Ltd - The company engaged in significant related-party transactions with entities belonging to Aviation Industry Corporation of China, Ltd., including purchases of **RMB 44.42 million** and sales of **RMB 310 million**[352](index=352&type=chunk)[353](index=353&type=chunk) - The company signed a 'Financial Services Agreement' with AVIC Industrial Group Finance Co., Ltd.; as of the end of the reporting period, its deposit balance with the company was **RMB 501 million**, accounting for **95.69%** of the company's monetary funds[354](index=354&type=chunk) [Events After the Balance Sheet Date](index=114&type=section&id=XV.%20Events%20After%20the%20Balance%20Sheet%20Date) This section discloses the company's profit distribution, with the board resolving a cash dividend of **RMB 1.33** per **10** shares (tax inclusive) for FY2021, totaling **RMB 53.7734 million** - The company's board of directors approved the 2021 profit distribution plan, proposing a cash dividend of **RMB 1.33** per **10** shares (tax inclusive), totaling **RMB 53,773,405.56**[360](index=360&type=chunk) [Supplementary Information](index=124&type=section&id=XVIII.%20Supplementary%20Information) This section provides supplementary financial information, including non-recurring gains/losses, return on net assets, and earnings per share; net profit excluding non-recurring gains/losses was **RMB 37.097 million**, with a weighted average return on net assets of **1.36%** and basic EPS of **RMB 0.09** Non-recurring Gains/Losses Details | Item | Amount (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | -893,585.61 | | Government Grants Recognized in Current Profit/Loss | 3,369,562.88 | | Gains/Losses from Fair Value Changes of Transactional Financial Assets, etc. | 6,347,417.73 | | Other Non-operating Income and Expenses Apart from the Above | -760,235.22 | | **Total Non-recurring Gains/Losses** | **6,606,050.42** | Net Assets Return and Earnings Per Share | Profit for the Reporting Period | Weighted Average Return on Net Assets (%) | Basic Earnings Per Share (RMB/share) | | :--- | :--- | :--- | | Net Profit Attributable to Ordinary Shareholders of the Company | 1.61 | 0.11 | | Net Profit Attributable to Ordinary Shareholders of the Company (Excluding Non-recurring Gains/Losses) | 1.36 | 0.09 |

[Key Financial Data](index=1&type=section&id=Item%20I.%20Key%20Financial%20Data) This section presents the company's key financial performance indicators and non-recurring gains and losses for the current reporting period [Key Accounting Data and Financial Indicators](index=1&type=section&id=Item%20I.%28I%29Key%20Accounting%20Data%20and%20Financial%20Indicators) Q1 2022 saw stable revenue growth and increased net profit, with core business profitability significantly enhanced Q1 2022 Key Financial Indicators | Indicator | Current Period | Year-over-Year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 573,724,530.41 RMB | 1.23% | | Net Profit Attributable to Parent Company Shareholders | 34,338,955.21 RMB | 3.40% | | Net Profit Attributable to Parent Company Shareholders Excluding Non-recurring Gains and Losses | 30,329,073.10 RMB | 26.32% | | Net Cash Flow from Operating Activities | 16,577,694.57 RMB | N/A | | Basic Earnings Per Share (RMB/share) | 0.08 RMB | 0% | | Weighted Average Return on Net Assets | 1.21% | Decreased by 0.05 percentage points | | **Indicator** | **End of Current Period** | **Change from End of Previous Year (%)** | | Total Assets | 3,353,481,323.89 RMB | 0.98% | | Total Equity Attributable to Parent Company Shareholders | 2,846,722,611.58 RMB | 4.39% | [Non-recurring Gains and Losses Items and Amounts](index=2&type=section&id=Item%20I.%28II%29Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) Non-recurring gains and losses totaled 4.01 million RMB, mainly from fair value changes of financial assets and government grants Q1 2022 Non-recurring Gains and Losses Details | Item | Amount for Current Period (RMB) | | :--- | :--- | | Gains/Losses on Disposal of Non-current Assets | 2,010.90 | | Government Grants Recognized in Current Profit/Loss | 806,646.60 | | Gains/Losses from Changes in Fair Value of Financial Assets Held for Trading | 4,448,799.15 | | Other Non-operating Income and Expenses | -455,577.68 | | Less: Income Tax Impact | 753,843.38 | | Less: Impact on Minority Interests (After Tax) | 38,153.48 | | **Total** | **4,009,882.11** | - The primary source of non-recurring gains and losses in this period is **4.45 million RMB** from fair value changes of financial assets held for trading, derivative financial assets, and related investment income[5](index=5&type=chunk) [Shareholder Information](index=3&type=section&id=Item%20II.%20Shareholder%20Information) This section outlines the company's shareholder structure, including total shareholder count and top ten shareholder holdings [Shareholding Information](index=3&type=section&id=Item%20II.%28I%29Total%20Number%20of%20Common%20Shareholders%2C%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholders%27%20Holdings) The company had 16,580 common shareholders, with top state-owned entities holding over 46% combined - At the end of the reporting period, the company had a total of **16,580** common shareholders[7](index=7&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shareholder Type | Shareholding Percentage (%) | | :--- | :--- | :--- | | China Aviation Automobile Systems Holding Co., Ltd. | State-owned Legal Entity | 37.01 | | China Guizhou Aviation Industry (Group) Co., Ltd. | State-owned Legal Entity | 9.28 | | Guiyang Industrial Investment Group Co., Ltd. | State-owned Legal Entity | 6.24 | | Bai Tianxing | Domestic Individual | 0.79 | | Liao Yongxiang | Domestic Individual | 0.72 | | Shanghai Panyao Asset Management Co., Ltd. - Panyao Phase III Securities Investment Fund | Unknown | 0.69 | | Shanghai Panyao Asset Management Co., Ltd. - Panyao Zhiguo Private Securities Investment Fund | Unknown | 0.69 | | Linglong Group Co., Ltd. | Unknown | 0.56 | | Wang Ming | Domestic Individual | 0.48 | | Shanghai Panyao Asset Management Co., Ltd. - Panyao Yongda Private Securities Investment Fund | Unknown | 0.30 | - The top two shareholders are state-owned legal entities under the same ultimate controlling party and have no affiliation with other shareholders; the company is unaware of any other affiliations or concerted actions among other shareholders[8](index=8&type=chunk) [Other Noteworthy Matters](index=4&type=section&id=Item%20III.%20Other%20Noteworthy%20Matters) The company advanced significant corporate governance and asset integration initiatives to optimize its asset structure and management - The company is in the process of acquiring a **5.96%** equity stake in its controlling subsidiary, Tianjin Daqi Company, with industrial and commercial registration changes still underway[9](index=9&type=chunk) - The company has completed capital injections into its related party, Hanon (China) Automotive Sealing Co., Ltd., using its equity holdings in Guizhou Hongyang Sealing Parts Co., Ltd. and Shanghai Hongyang Sealing Parts Co., Ltd[9](index=9&type=chunk) - The company has completed the liquidation and deregistration of Chengdu Wanjiang Auto Parts Co., Ltd[9](index=9&type=chunk) [Quarterly Financial Statements](index=5&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements) This section presents the company's consolidated balance sheet, income statement, and cash flow statement for the current quarter [Consolidated Balance Sheet](index=5&type=section&id=Consolidated%20Balance%20Sheet) As of March 31, 2022, total assets increased, liabilities decreased, and long-term equity investments significantly rose Balance Sheet Key Item Changes | Item | March 31, 2022 (RMB) | December 31, 2021 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 3,353,481,323.89 | 3,320,957,433.73 | 0.98% | | Total Liabilities | 446,637,294.56 | 500,459,956.73 | -10.76% | | Total Equity Attributable to Parent Company Shareholders | 2,846,722,611.58 | 2,726,991,200.92 | 4.39% | | Long-term Equity Investments | 542,624,988.56 | 9,548,495.17 | 5582.89% | | Fixed Assets | 485,683,884.91 | 664,277,076.55 | -26.88% | [Consolidated Income Statement](index=8&type=section&id=Consolidated%20Income%20Statement) Q1 2022 operating revenue grew 1.23% and net profit increased 3.40%, driven by investment income and reduced selling expenses Income Statement Key Item Changes | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 573,724,530.41 | 566,734,889.35 | 1.23% | | Operating Profit | 42,798,173.99 | 39,846,518.51 | 7.41% | | Net Profit Attributable to Parent Company Shareholders | 34,338,955.21 | 33,211,423.60 | 3.40% | | Selling Expenses | 9,288,252.71 | 18,792,589.05 | -50.57% | | Research and Development Expenses | 25,261,000.12 | 22,820,506.97 | 10.69% | | Investment Income | 3,131,147.67 | -236,597.75 | N/A | | Gains from Changes in Fair Value | 4,448,799.15 | 7,353,576.01 | -39.50% | [Consolidated Cash Flow Statement](index=10&type=section&id=Consolidated%20Cash%20Flow%20Statement) Q1 2022 operating cash flow significantly improved, while investing cash outflow expanded, resulting in a net decrease in cash Cash Flow Statement Key Items | Item | Q1 2022 (RMB) | Q1 2021 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 16,577,694.57 | -70,508,392.90 | | Net Cash Flow from Investing Activities | -96,552,820.59 | -11,828,612.65 | | Net Cash Flow from Financing Activities | -11,363,620.96 | -500,000.00 | | Net Increase in Cash and Cash Equivalents | -91,440,687.83 | -82,935,606.96 | - Operating cash flow turned positive, primarily because cash paid for goods and services decreased from **329 million RMB** in the prior year to **205 million RMB** in the current period[20](index=20&type=chunk) - Net cash outflow from investing activities significantly increased, primarily due to higher cash payments for the acquisition of fixed assets, intangible assets, other long-term assets, and investments[21](index=21&type=chunk)