证券代码：600775 证券简称：南京熊猫 公告编号：2023-030 南京熊猫电子股份有限公司 关于召开 2023 年半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。 （一）会议召开时间：2023 年 9 月 27 日下午 14:00-15:00 （二）会议召开地点：上证路演中心（http://roadshow.sseinfo.com/） （三）会议召开方式：上证路演中心网络互动 重要内容提示： 南京熊猫电子股份有限公司（以下简称"公司"）已于 2023 年 8 月 29 日在 上海证券交易所网站发布公司 2023 年半年度报告，为便于广大投资者更全面深 入地了解公司 2023 年半年度经营成果、财务状况，公司计划于 2023 年 9 月 27 日下午 14:00-15:00 举行 2023 年半年度业绩说明会，就投资者关心的问题进行交 流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2023 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 ...

Financial Performance - The company's operating revenue for the first half of 2023 was ¥1,362,865,645.74, a decrease of 32.97% compared to ¥2,033,290,915.24 in the same period last year[133]. - The net profit attributable to shareholders of the listed company was a loss of ¥27,340,386.93, down 327.83% from a profit of ¥12,000,168.67 in the previous year[133]. - The net cash flow from operating activities was a negative ¥129,525,399.05, a decrease of 239.18% compared to a positive cash flow of ¥93,063,171.19 in the same period last year[133]. - The total assets at the end of the reporting period were ¥5,656,812,111.90, down 3.52% from ¥5,863,034,744.88 at the end of the previous year[134]. - The net assets attributable to shareholders of the listed company decreased by 1.11% to ¥3,514,689,652.41 from ¥3,554,025,351.32 at the end of the previous year[134]. - Basic earnings per share for the reporting period were RMB -0.0299, a decrease of 328.24% compared to the same period last year[177]. - The company's financial expenses decreased significantly by 660.33%, from ¥936,528.15 to -¥5.25 million[196]. - The company's cash flow from investment activities increased by 360.83%, rising from ¥35.92 million to ¥165.53 million[196]. Business Operations - The company holds a 30% stake in Lejin Panda, which reported a revenue of 210,242.76 million RMB and a net profit of 11,707.42 million RMB, resulting in an investment income of 2,501.17 million RMB for the company[1]. - The group reported a total of RMB 144.21 million in sales to Chengdu BOE Display Technology Co., Ltd., representing 13.03% of total sales[29]. - The group reported RMB 48.08 million in sales to Nanjing Panda Hand Technology Co., Ltd., accounting for 4.34% of total sales[29]. - The company faced significant revenue declines in its industrial internet and smart manufacturing sectors due to market conditions and delivery cycle adjustments[135]. - The company continued to provide rent reductions for small and micro enterprises, impacting net profit and earnings per share[135]. - The ongoing geopolitical tensions and slow recovery of global supply chains have negatively affected the company's market expansion and cost control efforts[139]. - The company is actively managing its supply chain and optimizing its structure to cope with external challenges and enhance research capabilities[139]. - The company has actively participated in projects such as the Nanjing Metro Line 6 AFC system, marking a significant expansion in its rail transit business[183]. Corporate Governance and Management - The company held its 2022 annual general meeting on June 27, 2023, approving 19 proposals without any rejections[41]. - The company appointed Mr. Wan Lei as the deputy general manager on January 3, 2023, and elected Mr. Xia Dechuan as the chairman of the board on June 6, 2023[45]. - The company has complied with the corporate governance code and relevant regulations during the reporting period[58]. - There are no significant changes in the company's information compared to the disclosures in the 2022 annual report[60]. - The company has not signed any other significant contracts outside of daily operations and financing guarantees for subsidiaries[105]. Research and Development - The company plans to enhance its R&D capabilities by establishing a smart industry research institute and attracting high-level talent[70]. - The company invested over 5% of its revenue in R&D during the first half of 2023, focusing on key projects like intelligent operation decision-making technologies[192]. - The company filed 8 patent applications, including 4 invention patents, and was granted 42 national patents, of which 14 were invention patents, in the first half of 2023[167]. - The company currently holds 650 valid patents, including 192 invention patents, and 199 valid software copyrights[167]. - The company is actively pursuing digital transformation and enhancing its technological innovation capabilities, with 11 recognized innovation platforms by various government levels[169]. Sustainability and Environmental Compliance - The company has implemented measures to reduce carbon footprint and enhance sustainable development through green product R&D and waste management[31]. - The company has maintained compliance with environmental discharge standards, with no exceedances reported[68]. - The company has a total of 7 sets of waste gas treatment devices, utilizing heat recovery combustion for the automatic painting line in the 5 factory[70]. - The company is committed to achieving the "dual carbon" goals through green operation management and green supply chain management[163]. Financial Position and Liabilities - As of June 30, 2023, the company's consolidated asset-liability ratio is 32.96%, with current liabilities amounting to RMB 1.805 billion and a current ratio of 2.07[54]. - The company has provided guarantees for subsidiaries totaling up to RMB 368 million, effective until the next annual general meeting[99]. - The total amount of guarantees provided by the company, including those for subsidiaries, is RMB 552.12 million, accounting for 1.57% of the company's net assets[98]. - The company has not provided guarantees for independent third parties or related parties outside of its subsidiaries[101]. Market Trends and Industry Insights - The electronic manufacturing industry showed a significant recovery, with the overall industrial economy expected to maintain steady growth in the second half of the year[162]. - The total market size for safe city projects in China is expected to exceed ¥698 billion by 2025, indicating a strong growth trend in the digital city sector[184]. - The electronic information manufacturing industry in China saw a year-on-year revenue increase of 1.2% in June 2023, with total revenue reaching RMB 6.78 trillion[180].

证券代码：600775 证券简称：南京熊猫 公告编号：临 2023-029 南京熊猫电子股份有限公司 关于会计政策变更的公告 重要内容提示： 本次会计政策变更是公司根据财政部发布的《企业会计准则解释第16号》（财 会〔2022〕31号）进行的相应变更。 本次会计政策变更不会对公司财务状况、经营成果产生重大影响。 一、概述 南京熊猫电子股份有限公司（以下简称"公司"）于 2023 年 8 月 28 日召开 第十届董事会第十九次会议和第十届监事会第十二次会议，审议通过了《关于会 计政策变更》的议案。本次会计政策变更事项无需提交股东大会审议。 本次会计政策变更，是公司依据财政部于 2022 年 11 月 30 日发布的《企业 会计准则解释第 16 号》（财会〔2022〕31 号）（以下简称"解释第 16 号"）对 公司的会计政策进行的相应变更。 二、具体情况及对公司影响 （一）变更前采用的会计政策 本次会计政策变更前，公司执行的是财政部颁布的《企业会计准则——基本 准则》和各项具体会计准则、企业会计准则应用指南、企业会计准则解释公告以 及其他相关规定。 （二）变更后采用的会计政策 本公司董事会及全体董事保证本公告内 ...

证券代码：600775 证券简称：南京熊猫 公告编号：临 2023-028 南京熊猫电子股份有限公司 第十届监事会第十二次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 南京熊猫电子股份有限公司（以下简称"公司"）监事会根据《公司章程》 的有关规定，于 2023 年 8 月 28 日在公司会议室以现场会结合通讯方式召开第十 届监事会第十二次会议。监事樊来盈先生、傅园园女士、周玉新先生出席了会议。 本次会议的召开符合有关法律法规、《公司章程》及《监事会议事规则》的规定。 会议由监事会主席樊来盈先生主持。经过讨论，公司第十届监事会第十二次 会议通过如下决议： 一、审议通过了《南京熊猫 2023 年半年度报告及其摘要》 公司监事会对董事会编制的公司 2023 年半年度报告进行了认真严格的审核， 并提出如下书面审核意见： 1、董事会关于公司 2023 年半年度报告的编制和审议程序符合法律、行政法 规和中国证监会的规定，符合《公司章程》和公司内部管理制度的各项规定，报 告的内容能够真实、准确、完整地反映公司的实际情况； 2 ...

证券代码：600775 证券简称：南京熊猫 公告编号：临 2023-027 南京熊猫电子股份有限公司 第十届董事会第十九次会议决议公告 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法律责任。 一、董事会会议召开情况 （一）南京熊猫电子股份有限公司（以下简称"公司"或"南京熊猫"）第 十届董事会第十九次会议的召开符合有关法律、行政法规、部门规章、规范性文 件和《公司章程》的规定。 （二）本次董事会会议通知和材料于2023年8月21日以电子邮件方式发出。 （三）本次董事会会议于2023年8月28日在公司会议室以现场结合通讯的方 式召开。 （四）本次董事会会议应出席董事9人，实际出席董事9人。 详见公司于 2023 年 8 月 29 日在上海证券交易所网站（www.sse.com.cn）上 刊登的《中国电子财务有限责任公司风险评估报告》。 （三）审议通过了经修订的《南京熊猫 2023 年度资本支出项目预算》 （五）本次董事会会议由董事长夏德传先生主持。 二、董事会审议及决议情况 （一）审议通过了《南京熊猫2023年半年度报告及其摘要》 表决 ...

中国电子财务有限责任公司 专项审计报告 大信专审字[2023]第 1-04519 号 大信会计师事务所（特殊普通合伙） WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. ty") "这组用于证明该审计报告是否由具有执业许可的会计师事务所出具。 : # 1 !! ly 22 1 2206 WUYIGE Certified Public Accountants.LLP Room 2206 22/F,Xueyuan International Tower No 1 Zhichun Road Haidian Dist. Beijing, China, 100083 U if Telephone: +86 (10) 82330558 Ixx til· Internet. +86 (10) 82327668 www.daxincna.com.cn 关于中国电子财务有限责任公司 风险评估专项审计报告 大信专审字[2023]第 1-04519号 南京熊猫电子股份有限公司: 一、审核意见 我们接受委托,审核了后附的中国电子财务有限责任公司(以下简称"中国电子财务公 司")编制的中国电子财务有限责 ...

Financial Performance - The company's operating revenue for Q1 2023 was RMB 558,119,921.10, a decrease of 47.36% compared to the same period last year[23] - The net profit attributable to shareholders of the listed company was a loss of RMB 30,450,577.25, with no applicable comparison[23] - The net cash flow from operating activities was a negative RMB 173,980,108.81, representing a decrease of 457.38%[23] - The company's operating revenue decreased by 47.36% due to delays in project progress in the smart transportation business and a reduction in orders in the green service-oriented electronic manufacturing sector[37] - The net profit attributable to shareholders of the listed company decreased significantly, primarily due to the same factors affecting operating revenue[37] - Cash flow from operating activities decreased by 457.38%, mainly due to a year-on-year decline in cash received from sales of goods and services[37] - The company reported a net cash outflow from operating activities of ¥173,980,108.81 for Q1 2023, compared to a net inflow of ¥48,682,571.95 in Q1 2022[53] - Total operating revenue for Q1 2023 was ¥558,119,921.10, a decrease of 47.5% compared to ¥1,060,341,055.39 in Q1 2022[72] - The company reported a comprehensive income total of ¥4,984,610.05 for Q1 2023, compared to a loss of -¥10,045,326.19 in Q1 2022[57] - The net profit for Q1 2023 was ¥4,984,610.05, a significant recovery from a net loss of ¥10,018,159.74 in Q1 2022[79] Assets and Liabilities - The total assets at the end of the reporting period were RMB 5,573,845,377.14, down 4.93% from the previous year-end[23] - The equity attributable to shareholders of the listed company was RMB 3,524,473,519.38, a decrease of 0.83% compared to the previous year-end[23] - As of March 31, 2023, total assets amounted to ¥5,573,845,377.14, a decrease from ¥5,863,034,744.88 as of December 31, 2022, representing a decline of approximately 4.93%[44] - Current assets totaled ¥3,601,007,157.17, down from ¥3,882,727,335.24, indicating a decrease of about 7.24%[44] - Total liabilities decreased to ¥1,783,404,785.83 from ¥2,052,720,609.40, a reduction of approximately 13.07%[47] - The total owner's equity decreased to ¥3,790,440,591.31 from ¥3,810,314,135.48, a decline of approximately 0.52%[47] - The total liabilities as of the reporting date were ¥337,321,116.83, slightly up from ¥336,440,702.55 in the previous period[55] - The company's long-term liabilities totaled ¥1,789,350.53, an increase from ¥1,470,230.97 in the previous period[55] Cash Flow and Investments - The company reported an investment income of RMB 29,916,770.01, an increase from RMB 19,257,496.64 in the previous year[13] - The company reported a 55.35% increase in investment income, attributed to higher returns from investments in joint ventures[37] - The company's cash flow from investment activities was ¥354,579,487.96 in Q1 2023, compared to ¥473,718,187.11 in Q1 2022, indicating a decrease of about 25.2%[53] - Net cash flow from investment activities in Q1 2023 was -¥86,058,689.74, compared to a positive cash flow of ¥147,924,000.83 in Q1 2022[58] Research and Development - Research and development expenses for the period were RMB 50,851,851.93, down from RMB 70,122,582.05 in the previous year[13] - Research and development expenses for Q1 2023 were ¥8,351,432.11, a decrease from ¥9,763,958.50 in Q1 2022[79] Earnings and Shareholder Information - The company’s basic and diluted earnings per share were both -0.0333 yuan[23] - The company’s weighted average return on net assets was -0.86%[23] - Basic and diluted earnings per share were both -0.0333, worsening from -0.0186 in the previous period[84] - The net profit attributable to minority shareholders was 9,678,287.77, up from 7,149,238.56 in the previous period[84] Other Financial Metrics - The company experienced a 64.12% decrease in employee compensation payable, primarily due to payments of salaries and bonuses this period[36] - The company’s contract assets decreased by 59.43%, as some contract assets recognized at the beginning of the period were transferred to receivables[36] - The company’s financial assets decreased by 47.77%, mainly due to the maturity of certain bank wealth management products[36] - The company’s accounts receivable decreased by 53.06%, primarily due to the maturity of certain notes receivable this period[36] - The company's inventory increased to ¥668,064,681.08 from ¥601,451,915.31, marking an increase of about 11.06%[44] - Long-term equity investments rose to ¥742,939,388.40 from ¥717,388,041.95, an increase of approximately 3.57%[44] - The company experienced a decrease in cash outflows related to operating activities, which totaled ¥70,228,207.26 in Q1 2023 compared to ¥238,977,358.37 in Q1 2022[80] Strategic Outlook - The company has not indicated any new product launches or significant market expansion strategies during this reporting period[81]

证券代码：600775 证券简称：南京熊猫 公告编号：2023-009 南京熊猫电子股份有限公司 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个别及连带责任。 重要内容提示： 南京熊猫电子股份有限公司（以下简称"公司"）已于 2023 年 3 月 31 日在 上海证券交易所网站发布公司 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 4 月 20 日下午 14:00-15:00 举行 2022 年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2022 年度的经营成果 及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范围内 就投资者普遍关注的问题进行回答。 会议召开时间：2023 年 4 月 20 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（http://roadshow.sseinfo.com/） 会议召 ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.5 billion CNY, representing a 20% year-over-year growth[20]. - The company's total revenue for 2022 was approximately ¥4.15 billion, a decrease of 8.33% compared to ¥4.53 billion in 2021[29]. - The net profit attributable to shareholders for 2022 was approximately ¥40.49 million, down 3.44% from ¥41.93 million in 2021[32]. - The basic earnings per share for 2022 was ¥0.0443, a decline of 3.44% from ¥0.0459 in 2021[29]. - The net cash flow from operating activities decreased by 27.79% to approximately ¥150.32 million in 2022 from ¥208.17 million in 2021[32]. - The company reported a net profit of approximately ¥36.31 million in Q4 2022, a significant recovery from losses in earlier quarters[30]. - The total assets at the end of 2022 were approximately ¥5.86 billion, a decrease of 3.22% from ¥6.06 billion in 2021[32]. - The company recorded a total of ¥29.35 million in non-recurring gains for 2022, compared to ¥30.04 million in 2021[43]. - In 2022, the company reported a revenue of ¥4,154,295,003.26, a decrease of 8.33% compared to ¥4,531,842,430.51 in the previous year[83]. - The company's operating costs decreased by 10.01%, amounting to ¥3,565,005,880.41, down from ¥3,961,438,873.89[83]. - The net cash flow from operating activities decreased by 27.79%, totaling ¥150,320,717.60 compared to ¥208,170,561.48 in the previous year[89]. - The company achieved an investment income of ¥88,715,322.29, an increase of 35.01% compared to ¥65,709,743.04 in the previous year[89]. - The company reported a net profit of RMB 11,246.82 million for 2022, reflecting a year-on-year decline of 16.11% due to reduced business orders[168]. - The company achieved a revenue of RMB 415,429.50 million in 2022, exceeding the target of RMB 400,000 million, but the total profit was RMB 10,068.58 million, below the target of RMB 12,000 million[178]. Market and Growth Strategy - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25%[20]. - Market expansion plans include entering three new international markets by the end of the fiscal year[20]. - The company is considering strategic acquisitions to enhance its market position, with a target of identifying at least two potential candidates[20]. - The company is focusing on the development of smart transportation, safe city solutions, and industrial internet platforms, leveraging technologies such as 5G, AI, and big data[156]. - The company plans to focus on three main business areas: smart transportation, safe cities, and industrial internet, aligning with national policies and the "14th Five-Year Plan"[181]. - The company aims to achieve a digitalization rate of 95% for transportation infrastructure in Jiangsu Province by 2035, with expectations of 60 cities operating metro systems and over 13,000 kilometers of operational mileage by 2025[154]. - The company is actively participating in the Jiangsu Province Drone Industry Alliance to enhance its market presence in smart city projects[45]. - The company is expanding its market presence in intercity rail and road transportation, creating new growth points for its business[68]. Research and Development - The company is investing heavily in R&D, with a budget allocation of 200 million CNY for new technology development[20]. - The company has significantly increased its R&D investment, with key projects approved under the national key R&D program for 2022[45]. - The company invested over 200 million RMB in R&D in 2022, representing more than 5% of its total revenue, and received multiple awards for its technological innovations[76]. - The company has 502 R&D personnel, accounting for 16% of the total workforce[122]. - The company is focusing on integrating R&D resources and collaborating with high-tech enterprises to drive digital transformation[132]. - The company has established a digital industry research institute to lead breakthroughs in key technologies such as artificial intelligence and blockchain[179]. - The company holds 671 valid patents, including 158 invention patents and 252 software copyrights, as of the end of 2022[81]. - The company’s effective registered trademarks reached 160, with a focus on expanding its patent pool in the rail transit intelligent technology field[81]. Operational Efficiency - The gross margin improved to 35%, up from 30% in the previous year, indicating better cost management[20]. - The company has implemented new strategies to enhance customer engagement, resulting in a 10% increase in customer retention rates[20]. - The company is focused on enhancing governance and operational efficiency as part of its strategic initiatives for growth[41]. - The company has integrated MES and SAP-ERP systems for efficient production management, ensuring product quality and reliability through a fully automated tracking system[73]. - The company aims to enhance its smart manufacturing capabilities by providing comprehensive "smart factory" solutions, achieving approximately 30% improvement in production efficiency through automation technologies[80]. - The company is actively pursuing digital transformation and market-oriented reforms to strengthen its core competitiveness and service capabilities[66]. - The company is committed to achieving "dual carbon" goals by developing green electronic manufacturing services and implementing green supply chain management[75]. Industry Trends - The electronic information manufacturing industry in China saw a 7.6% year-on-year increase in added value, while the operating revenue for the industry grew by 5.5%[46]. - The fixed asset investment in the electronic information manufacturing sector grew by 18.8% year-on-year, indicating strong industry momentum[46]. - The industry value-added growth rate is expected to maintain between 5%-10% in 2023, driven by technological innovation and policy support in the electronic information sector[170]. Product and Service Development - New product launches are expected to contribute an additional 300 million CNY in revenue in the upcoming quarter[20]. - The company has established a comprehensive solution for metro systems, including AFC terminal equipment manufacturing, AFC systems, ACC systems, and internet ticketing systems, making it one of the few providers in China[147]. - The company achieved nearly RMB 600 million in sales revenue from LCD T-con boards, expanding into white goods and automotive electronics[45]. - The company exported VR products with annual sales exceeding RMB 100 million, contributing to the development of a "hardware + content" ecosystem[45]. - The company plans to continue expanding its digital city-related business and market presence in smart factories and automotive electronics[82]. Financial Adjustments and Challenges - The company provided rent reductions totaling ¥13.97 million to small and micro enterprises in 2022, impacting net profit[29]. - Surface mounting production decreased by 45.22% year-on-year, with sales down by 45.97%[99]. - Smart traffic equipment production increased by 81.10% year-on-year, with sales up by 90.71%[99]. - Information network equipment production decreased by 20.16% year-on-year, with sales down by 22.52%[99]. - Sales expenses decreased by 8.21% due to a reduction in advertising and exhibition costs[120]. - R&D expenses decreased by 0.94%, primarily due to a reduction in R&D materials[120]. - The communication technology subsidiary's net profit increased by 14.83% to 1,552.00 million yuan[141]. - The electronic manufacturing subsidiary reported a net profit of 2,653.43 million yuan, down 40.85% from the previous year[141].

Financial Performance - The company's operating revenue for Q3 2022 was ¥916,499,965.55, a decrease of 21.40% compared to the same period last year[4] - The net profit attributable to shareholders was -¥7,824,089.09, while the net profit excluding non-recurring gains and losses was -¥11,268,921.18[4] - Total operating revenue for Q3 2022 was approximately $2.95 billion, a decrease of 11.5% compared to $3.34 billion in Q3 2021[30] - Net profit for Q3 2022 was approximately $28.34 million, a decrease of 14.3% from $33.22 million in Q3 2021[32] - Total comprehensive income for the period was CNY 28,155,010.82, compared to CNY 33,615,530.57 in the previous period, reflecting a decrease of approximately 16.5%[35] - Net profit for the first three quarters of 2022 reached CNY 91,323,930.62, compared to CNY 60,971,567.22 in the previous year, indicating a significant increase of approximately 49.8%[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,849,079,494.03, a decrease of 3.45% from the end of the previous year[8] - The company’s equity attributable to shareholders decreased by 0.25% to ¥3,518,405,297.73 compared to the end of the previous year[8] - The company’s long-term equity investments decreased to RMB 682,491,796.06 from RMB 702,575,641.90, a decline of approximately 2.65%[22] - Total assets decreased from approximately $6.06 billion to $5.85 billion, indicating a contraction in the asset base[27] - The company’s total liabilities decreased from approximately $2.26 billion to $2.09 billion, reflecting a reduction in financial obligations[27] - Total liabilities as of the latest report were CNY 329,134,929.84, an increase from CNY 297,100,795.94 in the previous period, showing a rise of approximately 10.8%[52] Cash Flow - The cash flow from operating activities for the year-to-date was ¥45,301,133.87, an increase of 240.26% compared to the same period last year[4] - Cash flow from operating activities generated a net amount of CNY 45,301,133.87, a significant increase from CNY 13,313,662.62 in the previous period[39] - The net cash flow from operating activities was -$12.16 million, an improvement from -$26.04 million in the previous period, indicating a reduction in cash outflow[58] - Cash received from operating activities totaled $342.93 million, compared to $175.37 million previously, reflecting a strong increase of approximately 95.5%[58] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 35,365, with the largest shareholder holding 26.85% of the shares[13] - The largest shareholder, Hong Kong Central Clearing (Agent), held 245,389,879 shares, representing 26.85% of the total issued share capital[18] - Panda Group, the controlling shareholder, pledged 105,091,430 shares, which is 49.89% of its holdings and 11.50% of the total share capital[18] - The company has not reported any share reductions by China Huarong during the reporting period, maintaining its stake in the company[19] - The company is actively monitoring shareholder relationships and potential actions among major shareholders, particularly regarding share pledges and holdings[18] Costs and Expenses - Total operating costs for Q3 2022 were approximately $2.96 billion, down from $3.32 billion in Q3 2021, reflecting a cost reduction strategy[30] - Research and development expenses increased to approximately $168.41 million from $152.62 million year-over-year, indicating a focus on innovation[30] - Research and development expenses for the first three quarters of 2022 amounted to CNY 21,603,527.03, up from CNY 14,616,753.09 in 2021, reflecting a growth of about 47.6%[52] - The company’s financial expenses for the first three quarters of 2022 were reported at -CNY 7,793,044.08, compared to -CNY 6,172,614.88 in the same period of 2021[52] Investment and Income - The company reported a significant increase in government subsidies recognized, with other income rising by 89.76%[12] - The company reported a 36.56% increase in investment income from joint ventures during the reporting period[12] - The company’s investment income for the first three quarters of 2022 was CNY 142,951,184.35, an increase from CNY 118,276,679.76 in the previous year, representing a growth of approximately 20.9%[52] - Cash received from investment income was $162.95 million, an increase from $147.13 million, showing a growth of approximately 10.5%[58] Inventory and Receivables - Accounts receivable decreased to RMB 1,051,380,236.06 from RMB 1,150,920,743.65, reflecting a decline of approximately 8.66%[22] - Inventory levels decreased to RMB 851,038,244.53 from RMB 975,417,660.38, indicating a reduction of about 12.74%[22] - The company reported a decrease in cash received from sales of goods and services to CNY 3,260,477,428.81 from CNY 3,617,829,411.46, a decline of approximately 9.9%[39]