股票代码:600815 股票简称: 厦工股份 公告编号:2023-030 说明会时间：2023年5月12日（星期五）14:30-16:15 会议方式：本次活动将采用网络远程的方式举行。 三、参加人员 厦门厦工机械股份有限公司 关于召开2022年度业绩说明会暨参加厦门辖区 上市公司投资者网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、说明会类型 为进一步加强与投资者的互动交流，厦门厦工机械股份有限公司（以下简称 "公司"）将于2023年5月12日（星期五）14:30-16:15召开2022年度业绩说明会， 暨参加厦门证监局、厦门上市公司协会和深圳市全景网络有限公司联合举办的 "厦门辖区上市公司投资者网上集体接待日"活动。 二、说明会时间及方式 五、联系人及咨询办法 联系人：公司证券事务部 公司董事长曾挺毅先生、常务副总裁刘焕寿、财务总监黄小芳女士、董事会 秘书周兰秀女士、独立董事郑晓剑先生。 若因工作安排等情况，上述参加人员有调整，将不再另行通知。 1 业绩说明会时间：2023 年 ...

Financial Performance - The company's operating revenue for 2022 was CNY 1,923,792,146.40, a decrease of 35.19% compared to CNY 2,964,164,352.44 in 2021[24]. - The net profit attributable to shareholders of the listed company was CNY 258,200,717.66, compared to a loss of CNY 120,444,731.48 in 2021[24]. - The net profit after deducting non-recurring gains and losses was a loss of CNY 97,033,529.87, compared to a loss of CNY 270,661,968.24 in 2021[24]. - The total assets at the end of 2022 were CNY 2,754,927,319.42, a decrease of 7.85% from CNY 2,989,536,440.74 at the end of 2021[24]. - The net assets attributable to shareholders of the listed company increased by 16.91% to CNY 1,499,733,408.59 at the end of 2022[24]. - The basic earnings per share for 2022 was CNY 0.15, compared to a loss of CNY 0.07 in 2021[25]. - The weighted average return on net assets was 18.56% for 2022, compared to -9.08% in 2021[25]. - The company reported a total revenue of 15,000 million yuan for the year 2022, maintaining a stable performance compared to the previous year[92]. - The total compensation for the board members and senior management during the reporting period amounted to 450.20 thousand yuan, with no shareholding changes reported[94]. Operational Highlights - The company achieved a total asset of 2.755 billion RMB and a net asset of 1.5 billion RMB by the end of 2022, with an operating income of 1.007 billion RMB and a net profit attributable to the parent company of 258 million RMB[46]. - Operating income decreased by 35.19% compared to the previous year, primarily due to a decline in domestic engineering machinery product sales and reduced trade business[48]. - The company's operating costs also decreased by 35.65% to 917.16 million RMB, reflecting the drop in operating income[49]. - The engineering machinery sector generated 785.28 million RMB in revenue, down 17% year-on-year, with a gross margin decrease of 5.99 percentage points[52]. - The commercial trade segment saw a dramatic decline in revenue by 81.36%, contributing 94.24 million RMB[52]. - Equipment leasing revenue increased by 192.27%, reaching 55.55 million RMB, although the gross margin decreased by 20.64 percentage points[52]. - The production volume of engineering machinery products was 2,014 units, a decrease of 27.99% year-on-year, while sales volume was 2,677 units, down 12.09% year-on-year, and inventory decreased by 40.63%[54]. Strategic Initiatives - The company launched new electric loader models, XG958EV and XG962EV, aligning with national carbon neutrality strategies[35]. - The company has strengthened its overseas market presence, focusing on Southeast Asia, the Middle East, South America, Africa, and Eastern Europe to enhance export performance[34]. - The company is actively investing in digital platforms to enhance business decision-making and risk management capabilities[39]. - The company plans to establish a loader research institute and a new product research institute to enhance product innovation and explore related fields, aiming for breakthroughs in product optimization and localization[76]. - The company aims to expand its domestic and overseas market channels, focusing on developing untapped markets and strengthening its agent network[76]. - The company is focusing on risk management by improving its risk monitoring and early warning mechanisms to enhance its resilience against external economic uncertainties[78]. Management and Governance - The board of directors consists of 8 members, including 3 independent directors, and has held 14 meetings during the reporting period to ensure diligent oversight[86]. - The company conducted 4 shareholder meetings in the reporting period, ensuring effective communication and equal treatment of all shareholders[85]. - The company has established a comprehensive internal control system to ensure compliance with governance regulations and protect investor interests[89]. - The company has implemented a performance-based salary system for senior management, linking compensation to operational goals[127]. - The company has effectively managed its subsidiaries, ensuring compliance with governance and operational standards[128]. Environmental and Social Responsibility - The company invested a total of 8.6345 million RMB in environmental protection during the reporting period, with the headquarters contributing 6.8 million RMB[132]. - The company maintained an average wastewater discharge concentration of 30.17 mg/L for suspended solids, which is below the permitted limit of 400 mg/L[134]. - The average discharge concentration for volatile organic compounds was 0.375 mg/Nm3, well within the permitted limit of 40 mg/Nm3[134]. - The company achieved a 100% compliance rate for the disposal of solid and hazardous waste[135]. - The company is actively pursuing poverty alleviation projects, aiming to enhance the economic income of targeted villages over the next three years[148]. Related Party Transactions - The company reported a total of 265,340.30 million RMB in related party transactions for 2022, with actual transactions amounting to 110,050.33 million RMB[163]. - The company provided a credit guarantee of 2,010 million RMB for related party transactions, with a remaining guarantee balance of 1,260 million RMB[167]. - The company agreed to a credit guarantee limit of up to 100 million RMB for its dealers in 2022[165]. - The company has confirmed that there is no competition between its operations and those of Haiyi Group and its controlled enterprises[153]. Future Outlook - The company's future outlook remains cautious, with no specific guidance provided for the upcoming fiscal year[92]. - The engineering machinery industry is expected to face pressure in Q1 2023, but the company anticipates gradual relief and continued high export levels as the year progresses[74]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 30 million allocated for potential deals[97].

Financial Performance - The company's operating revenue for Q1 2023 was ¥175,383,367.63, representing a decrease of 40.93% compared to the same period last year[3]. - The net profit attributable to shareholders of the listed company was -¥9,230,468.24, indicating a significant loss[3]. - The net cash flow from operating activities was -¥13,502,587.01, a decline of 227.15% year-on-year[3]. - The company's gross profit for Q1 2023 was negative CNY 20,604,564.70, compared to a gross profit of CNY 28,148,355.24 in Q1 2022[13]. - The company reported a net loss of CNY 8,553,538.86 for Q1 2023, compared to a profit of CNY 6,808,028.47 in Q1 2022[13]. - The total comprehensive income for Q1 2023 was -9,160,393.25 CNY, compared to 3,530,380.79 CNY in Q1 2022, showing a substantial drop[14]. - The net profit for Q1 2023 was -9,568,826.75 CNY, compared to a net profit of 4,205,632.13 CNY in Q1 2022, indicating a significant decline[14]. - The net loss for Q1 2023 was ¥5,582,696.06, compared to a net loss of ¥3,912,241.81 in Q1 2022, indicating a worsening financial performance[23]. Revenue and Costs - Total operating revenue for Q1 2023 was CNY 175,383,367.63, a decrease of 41% compared to CNY 296,911,918.28 in Q1 2022[13]. - Total operating costs for Q1 2023 were CNY 195,987,932.33, down from CNY 311,200,267.97 in Q1 2022, reflecting a reduction of approximately 37%[13]. - Total revenue from sales and services received in Q1 2023 was 229,110,646.62 CNY, compared to 319,744,835.67 CNY in Q1 2022, representing a decrease of approximately 28.3%[15]. - The company incurred operating expenses of 264,614,568.40 CNY in Q1 2023, compared to 338,549,479.81 CNY in Q1 2022, indicating a reduction in operational costs[16]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,718,842,428.81, down 1.31% from the end of the previous year[3]. - Total assets as of March 31, 2023, were CNY 2,718,842,428.81, down from CNY 2,754,927,319.42 at the end of 2022, a decrease of about 1.3%[11]. - Total liabilities decreased to CNY 1,053,137,191.04 from CNY 1,080,061,688.40, reflecting a decline of approximately 2.5%[12]. - The total liabilities decreased from ¥810,237,595.61 to ¥683,259,101.85, a reduction of about 15.7%[21]. Cash Flow - Cash and cash equivalents decreased to CNY 250,007,498.58 from CNY 429,101,664.52 as of December 31, 2022, representing a decline of 42%[11]. - Operating cash flow for Q1 2023 was -13,502,587.01 CNY, down from 10,619,434.92 CNY in Q1 2022, reflecting a negative cash flow situation[16]. - The company reported a net cash outflow from investing activities of -121,608,502.34 CNY in Q1 2023, compared to a net inflow of 210,865,534.32 CNY in Q1 2022[16]. - The company's cash flow from financing activities was -42,451,677.08 CNY in Q1 2023, compared to -845,549.97 CNY in Q1 2022, reflecting increased cash outflows[17]. - Cash and cash equivalents at the end of Q1 2023 were 214,825,188.77 CNY, down from 509,625,680.71 CNY at the end of Q1 2022, a decrease of about 57.8%[17]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 39,934[8]. - The largest shareholder, Xiamen Haiyi Group Co., Ltd., held 734,789,208 shares, accounting for 41.42% of the total shares[8]. Research and Development - Research and development expenses for Q1 2023 were ¥4,382,994.80, down from ¥7,763,870.32 in Q1 2022, indicating a reduction of about 43%[22]. Other Information - The company did not report any new product developments or market expansion strategies during this quarter[9]. - The company has not adopted new accounting standards for the year 2023, as indicated in the announcement[26].

2022 年第三季度报告 证券代码：600815 证券简称：厦工股份 厦门厦工机械股份有限公司 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、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期比上年同 期增减变动幅度 (%) | 年初至报告期末 | 年初至报告 期末比上年 同期增减变 | | --- | --- | --- | --- | --- | | 营业收入 | 238,511,523.67 | -16.91 | 786,162,798.26 | 动幅度(%) -33.20 | | 归属于上市公司股东的净利润 | -30,83 ...

公司代码：600815 公司简称：厦工股份 厦门厦工机械股份有限公司 2022 年半年度报告 600815 厦门厦工机械股份有限公司 2022 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，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。 二、 公司全体董事出席董事会会议。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 不适用 六、 前瞻性陈述的风险声明 √适用 □不适用 本半年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，请投资者注意 投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司在本半年度报告中详细描述了可能存在的风险事项。敬请查阅本半年度报告"第三节 管 理层讨论与分析"之"五、其他披露事项"之"（一）可能面对的风险"。 十一、 其他 □适用 √不适用 2/158 三、 本半年度报告未经审计 ...

股票代码:600815 股票简称: 厦工股份 公告编号:2022-031 厦门厦工机械股份有限公司 关于参加厦门辖区上市公司2021年度业绩说明会 暨投资者网上集体接待日活动的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 会议召开时间：2022 年 5 月 10 日 14：30-16：00 会议召开方式：线上网络互动方式 会议互动网址：全景网"投资者关系互动平台" 一、活动类型 为便于广大投资者更深入全面地了解公司情况，促进公司与投资者互动交 流，厦门厦工机械股份有限公司（以下简称 "公司"或"厦工股份"）将于2022 年5月10日（星期二）14：30-16：00参加由厦门证监局、厦门上市公司协会和深 圳市全景网络有限公司联合举办的"厦门辖区上市公司2021年年报业绩说明会暨 投资者网上集体接待日"活动。 二、活动的时间、方式 活动时间：2022年5月10日（星期二）14：30-16：00 活动方式：本次活动将采用线上方式举行，投资者可登录"全景网投资者关 系互动平台"（http://ir.p5w ...

2022 年第一季度报告 证券代码：600815 证券简称：厦工股份 厦门厦工机械股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者 重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一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 | 本报告期比上年同期 增减变动幅度(%) | | | --- | --- | --- | --- | | 营业收入 | 296,911,918.28 | | -36.37 | | 归属于上市公司股东的净利润 | -1,911,737.49 | | -113.42 | | 归属于上市公司股东的扣除非经常性损益的净利润 | -18,416,928.49 | | -11,573.86 | | 经营活动 ...

[Definitions](index=4&type=section&id=%E7%AC%AC%E4%B8%80%E8%8A%82%20%E9%87%8A%E4%B9%89) This section defines key entities and common terms used throughout the report, including the Company, its controlling shareholder (Haixi Group), and indirect controlling shareholder (ITG Holding) - The report defines key entities such as the Company, its controlling shareholder (Haixi Group), and indirect controlling shareholder (ITG Holding), along with other frequently used terms[10](index=10&type=chunk) [Company Profile and Key Financial Indicators](index=5&type=section&id=%E7%AC%AC%E4%BA%8C%E8%8A%82%20%E5%85%AC%E5%8F%B8%E7%AE%80%E4%BB%8B%E5%92%8C%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%8C%87%E6%A0%87) [Company Basic Information](index=5&type=section&id=%E5%85%AC%E5%8F%B8%E5%9F%BA%E6%9C%AC%E4%BF%A1%E6%81%AF) Xiamen XGMA Machinery Company Limited (Stock Abbreviation: XGMA, Code: 600815) is a construction machinery manufacturer listed on the Shanghai Stock Exchange, with Zeng Tingyi as its legal representative | Item | Content | | :--- | :--- | | **Company Name** | Xiamen XGMA Machinery Company Limited | | **Stock Abbreviation** | XGMA | | **Stock Code** | 600815 | | **Listing Exchange** | Shanghai Stock Exchange | | **Legal Representative** | Zeng Tingyi | [Key Financial Data and Indicators](index=6&type=section&id=%E8%BF%91%E4%B8%89%E5%B9%B4%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 2021, the company's operating performance significantly declined, with revenue decreasing by 19.21% to 1.55 billion CNY and net profit attributable to shareholders turning to a loss of 114.49 million CNY Key Accounting Data for the Past Three Years (Unit: CNY) | Key Accounting Data | 2021 | 2020 | Year-over-Year Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 1,551,270,313.18 | 1,920,119,497.55 | -19.21% | | Net Profit Attributable to Shareholders of the Listed Company | -114,485,131.61 | 37,600,450.63 | -404.48% | | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-Recurring Gains and Losses | -202,763,216.45 | -97,033,529.87 | N/A | | Net Cash Flow from Operating Activities | -114,001,736.86 | -310,052,867.26 | N/A | | **Asset Status** | **End of 2021** | **End of 2020** | **Change from Prior Year-End (%)** | | Net Assets Attributable to Shareholders of the Listed Company | 1,257,374,883.31 | 1,369,330,146.74 | -8.18% | | Total Assets | 2,940,113,910.34 | 3,473,665,980.94 | -15.36% | Key Financial Indicators for the Past Three Years | Key Financial Indicators | 2021 | 2020 | Year-over-Year Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (CNY/share) | -0.06 | 0.02 | -400% | | Weighted Average Return on Net Assets (%) | -8.72 | 2.79 | Decreased by 11.51 percentage points | | Weighted Average Return on Net Assets After Deducting Non-Recurring Gains and Losses (%) | -15.44 | -7.20 | Decreased by 8.24 percentage points | - In 2021, the company's non-recurring gains and losses totaled **88.28 million CNY**, primarily from government grants, income from entrusted loans, and reversal of impairment losses on receivables[23](index=23&type=chunk)[24](index=24&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=%E7%AC%AC%E4%B8%89%E8%8A%82%20%E7%AE%A1%E7%90%86%E5%B1%82%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) [Discussion and Analysis of Operations](index=9&type=section&id=%E4%B8%80%E3%80%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) In 2021, the company enhanced its overall operational efficiency and quality by deepening institutional reforms, reshaping sales channels, integrating the supply chain, focusing on product quality, implementing lean production, improving risk control, and revitalizing inefficient assets - The company deepened institutional reforms and activated team vitality by implementing an "Eight Centers" operating model, competitive manager selection, and company-wide target management[28](index=28&type=chunk) - To address market gaps left by exiting dealers, the company strengthened direct sales management and implemented a tiered dealer assessment system to optimize market layout[29](index=29&type=chunk) - The company focused on core product development, achieving mass production and sales of medium-tonnage long-wheelbase loaders and new 6-ton N-series loaders, and completing the trial production of electric loader prototypes[31](index=31&type=chunk) - Through dedicated teams and multi-pronged approaches, the company accelerated the resolution of historical cases and collection of overdue accounts receivable, reducing the annual accounts receivable ratio, and lowered inventory levels by disposing of inefficient assets[35](index=35&type=chunk) [Industry and Business Overview](index=10&type=section&id=%E4%BA%8C%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%A4%84%E8%A1%8C%E4%B8%9A%E6%83%85%E5%86%B5) The company's main business involves the R&D, manufacturing, and sales of construction machinery like loaders and excavators; in 2021, while the Chinese construction machinery industry grew steadily, the company's loader market share declined, ranking 47th globally and 10th domestically among manufacturers - The company's main products include loaders, excavators, road machinery, tunneling machinery, and environmental protection machinery, widely used in construction, mining, agriculture, forestry, and water conservancy[37](index=37&type=chunk) - The company's product sales model includes direct sales and dealer sales, with a marketing and service network covering domestic and international markets, exporting products to the Middle East, Africa, and Southeast Asia[38](index=38&type=chunk) - According to the "2021 Global Construction Machinery Manufacturers Top 50 List," XGMA Machinery ranked **47th globally** and **10th domestically**[36](index=36&type=chunk) [Analysis of Core Competencies](index=10&type=section&id=%E5%9B%9B%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E6%A0%B8%E5%BF%83%E7%AB%9E%E4%BA%89%E5%8A%9B%E5%88%86%E6%9E%90) The company's core competencies include a rich product portfolio, strong R&D capabilities, an excellent distribution and service network, 70 years of brand value, a pioneering spirit, and lean manufacturing expertise - Product Advantage: The company has developed over a dozen series of complete machines, including loaders, excavators, and forklifts, to meet diverse user needs[39](index=39&type=chunk) - R&D Advantage: It operates a national-level enterprise technology center and a postdoctoral workstation, collaborates with multiple universities and research institutions, and undertakes various national science and technology projects[39](index=39&type=chunk)[40](index=40&type=chunk) - Brand and Spirit: With a 70-year history, the brand has received titles like "China Well-known Trademark" and has participated in key national projects, polar expeditions, and disaster relief efforts, demonstrating corporate responsibility[41](index=41&type=chunk)[42](index=42&type=chunk) - Manufacturing Advantage: Certified with ISO9001 and other standards, the company utilizes advanced equipment like welding robots and possesses remanufacturing technology, forming a green circular economy model[43](index=43&type=chunk) [Analysis of Key Operating Performance](index=11&type=section&id=%E4%BA%94%E3%80%81%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) In 2021, the company's operating revenue was 1.55 billion CNY, a 19.21% year-over-year decrease, and net profit attributable to the parent company turned to a loss of 114 million CNY, primarily due to reduced sales, increased costs, and higher credit and asset impairment losses, leading to a decline in total assets and net assets [Outlook on Future Development](index=23&type=section&id=%E5%85%AD%E3%80%81%E5%85%AC%E5%8F%B8%E5%85%B3%E4%BA%8E%E5%85%AC%E5%8F%B8%E6%9C%AA%E6%9D%A5%E5%8F%91%E5%B1%95%E7%9A%84%E8%AE%A8%E8%AE%BA%E4%B8%8E%E5%88%86%E6%9E%90) The company plans to leverage resources from its controlling shareholder, ITG Holding, to accelerate integration and reform, focusing on optimizing governance, expanding global markets, enhancing product configurations, developing electric products, strengthening the supply chain, revitalizing assets, and improving oversight of investments, while addressing external economic uncertainties, intense market competition, and rising costs through core competency enhancement, new channel development, and cost control [Corporate Governance](index=26&type=section&id=%E7%AC%AC%E5%9B%9B%E8%8A%82%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86) [Overview of Corporate Governance](index=26&type=section&id=%E4%B8%80%E3%80%81%20%E5%85%AC%E5%8F%B8%E6%B2%BB%E7%90%86%E7%9B%B8%E5%85%B3%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) During the reporting period, the company maintained a sound corporate governance structure in compliance with relevant laws and regulations, ensuring independence from its controlling shareholder in personnel, assets, finance, organization, and business, with no non-operating fund occupation or illegal guarantees - The company strictly adheres to laws and regulations such as the Company Law and Securities Law, continuously improving its corporate governance structure to ensure standardized operations[93](index=93&type=chunk) - The company maintains complete independence from its controlling shareholder in personnel, assets, finance, organization, and business, with no non-operating fund occupation by the controlling shareholder or its related parties[93](index=93&type=chunk) [Shareholder Meeting Information](index=26&type=section&id=%E4%B8%89%E3%80%81%20%E8%82%A1%E4%B8%9C%E5%A4%A7%E4%BC%9A%E6%83%85%E5%86%B5%E7%AE%80%E4%BB%8B) During the reporting period, the company held four shareholder meetings, including one annual and three extraordinary meetings, all conducted in compliance with laws, regulations, and the Articles of Association, with valid resolutions - Four shareholder meetings were held during the reporting period, deliberating proposals including the election of supervisors, annual reports, entrusted loans, and related party transactions[94](index=94&type=chunk)[96](index=96&type=chunk) [Directors, Supervisors, and Senior Management](index=27&type=section&id=%E5%9B%9B%E3%80%81%20%E8%91%A3%E4%BA%8B%E3%80%81%E7%9B%91%E4%BA%8B%E5%92%8C%E9%AB%98%E7%BA%A7%E7%AE%A1%E7%90%86%E4%BA%BA%E5%91%98%E7%9A%84%E6%83%85%E5%86%B5) During the reporting period, there were changes in the company's directors, supervisors, and senior management, including resignations and elections of the chairman, directors, chairman of the supervisory board, and vice president; executive compensation is based on an annual salary system, reviewed by the Compensation and Assessment Committee and approved by the Board, with the total pre-tax remuneration for all directors, supervisors, and senior management in 2021 amounting to 4.94 million CNY - During the reporting period, Chairman Gu Tao, Director Fan Wenming, Chairman of the Supervisory Board Liu Yihong, Supervisor Tang Chong, and Vice President Hong Jiaqing resigned due to personal reasons or retirement; the company elected new chairman, directors, and chairman of the supervisory board[108](index=108&type=chunk) - Senior management compensation is based on an annual salary system linked to operating performance; the total remuneration received by all directors, supervisors, and senior management at the end of the reporting period was **4.94 million CNY**[106](index=106&type=chunk)[107](index=107&type=chunk) [Employee Information](index=36&type=section&id=%E4%B9%9D%E3%80%81%20%E6%8A%A5%E5%91%8A%E6%9C%9F%E6%9C%AB%E6%AF%8D%E5%85%AC%E5%8F%B8%E5%92%8C%E4%B8%BB%E8%A6%81%E5%AD%90%E5%85%AC%E5%8F%B8%E7%9A%84%E5%91%98%E5%B7%A5%E6%83%85%E5%86%B5) As of the end of the reporting period, the company and its main subsidiaries had a total of 1,038 employees, with production and sales personnel accounting for the largest proportion; the company implements a performance-linked compensation policy and focuses on professional team training, with total labor outsourcing payments of 6.93 million CNY in 2021 Employee Professional Composition | Professional Category | Number of Employees | | :--- | :--- | | Production Personnel | 391 | | Sales Personnel | 353 | | Technical Personnel | 99 | | Financial Personnel | 34 | | Administrative Personnel | 161 | | **Total** | **1,038** | - The company implements a total wage management system linked to company goal achievement and promotes incentive measures for sales personnel, allowing for flexible position and salary adjustments based on performance[120](index=120&type=chunk) [Environmental and Social Responsibility](index=39&type=section&id=%E7%AC%AC%E4%BA%94%E8%8A%82%20%E7%8E%AF%E5%A2%83%E4%B8%8E%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB) [Environmental Information](index=39&type=section&id=%E4%B8%80%E3%80%81%E7%8E%AF%E5%A2%83%E4%BF%A1%E6%81%AF%E6%83%85%E5%86%B5) As a key pollutant-discharging entity in Xiamen, the company has established an environmental management system ensuring compliant discharge of all pollutants after treatment; during the reporting period, it received a 20,000 CNY administrative penalty for four forklifts exceeding exhaust emission standards, which has since been rectified, and both the company and its subsidiaries have developed emergency response plans for environmental incidents and implemented measures like waste sorting and eco-friendly water-based paints to reduce carbon emissions - The company is a key pollutant-discharging entity for soil and water environments in Xiamen, with main pollutants being wastewater (chemical oxygen demand, ammonia nitrogen, etc.) and exhaust gas (particulates, volatile organic compounds, etc.)[129](index=129&type=chunk) - During the reporting period, the company received an administrative penalty of **20,000 CNY** for four forklifts exceeding exhaust emission standards, which has since been rectified[136](index=136&type=chunk) - The company and its subsidiaries prevent pollution through measures such as rainwater-sewage diversion, exhaust gas treatment facilities, and compliant disposal of solid and hazardous waste, and have developed environmental emergency response plans[132](index=132&type=chunk)[134](index=134&type=chunk)[140](index=140&type=chunk) [Social Responsibility](index=42&type=section&id=%E4%BA%8C%E3%80%81%E7%A4%BE%E4%BC%9A%E8%B4%A3%E4%BB%BB%E5%B7%A5%E4%BD%9C%E6%83%85%E5%86%B5) The company actively fulfills its social responsibilities through the "Haixi XGMA Charity Fund," investing 0.15 million CNY in 2021 for scholarships, poverty alleviation, and vocational skill enhancement, benefiting 65 individuals - In 2021, the company invested **0.15 million CNY** through the "Haixi XGMA Charity Fund" in various charitable and public welfare initiatives, assisting **65 individuals**[148](index=148&type=chunk) [Material Matters](index=43&type=section&id=%E7%AC%AC%E5%85%AD%E8%8A%82%20%E9%87%8D%E8%A6%81%E4%BA%8B%E9%A1%B9) [Fulfillment of Commitments](index=43&type=section&id=%E4%B8%80%E3%80%81%E6%89%BF%E8%AF%BA%E4%BA%8B%E9%A1%B9%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) During the reporting period, the company's indirect controlling shareholder, ITG Holding, and controlling shareholder, Haixi Group, made and are continuously fulfilling commitments regarding avoiding horizontal competition, standardizing related party transactions, ensuring the listed company's independence, share lock-up, and performance guarantees - The controlling shareholder, Haixi Group, committed that the company's cumulative net profit attributable to the parent company for the three years starting from 2020 would not be less than **400 million CNY**, with any shortfall to be compensated by the controlling shareholder[153](index=153&type=chunk) - The controlling shareholder, Haixi Group, committed not to transfer its shares in the company within thirty-six months from the completion of the reorganization plan (until December 29, 2022)[153](index=153&type=chunk) [Material Litigation and Arbitration Matters](index=47&type=section&id=%E4%B9%9D%E3%80%81%E9%87%8D%E5%A4%A7%E8%AF%89%E8%AE%BC%E3%80%81%E4%BB%B2%E8%A3%81%E4%BA%8B%E9%A1%B9) During the reporting period, the company and its subsidiaries were involved in multiple material litigation and arbitration cases, primarily as plaintiffs in sales contract disputes seeking to recover accounts receivable from dealers like Hunan Sanhui and Sichuan Jukai, while also being defendants in disputes involving lease contracts and debt transfers - The company, as plaintiff, initiated sales contract disputes against multiple dealers to recover accounts receivable, with several cases currently in enforcement[158](index=158&type=chunk) - The subsidiary XGMA International Trade's sales contract dispute with Huaxinheng Trading Co., Ltd., involving **0.89 million Euro**, has been remanded for a retrial of the first instance[160](index=160&type=chunk)[579](index=579&type=chunk) [Material Related Party Transactions](index=49&type=section&id=%E5%8D%81%E4%BA%8C%E3%80%81%E9%87%8D%E5%A4%A7%E5%85%B3%E8%81%94%E4%BA%A4%E6%98%93) During the reporting period, the company engaged in various daily operating transactions with related parties, primarily purchasing goods and services from XGMA (Sanming) Heavy Machinery and Xiamen Yinhua, and selling goods to Yunnan Yunxia and Liaoning XGMA; additionally, the company had financial dealings, including deposits and loans, with related party Xiamen Haixi Group Finance Co., Ltd - The company purchased goods totaling **57.08 million CNY** from related party XGMA (Sanming) Heavy Machinery Co., Ltd., and **32.95 million CNY** from Xiamen Yinhua Machinery Co., Ltd[163](index=163&type=chunk) - The company sold goods totaling **35.13 million CNY** to related party Yunnan Yunxia Machinery Co., Ltd., and **34.92 million CNY** to Liaoning XGMA Machinery Sales Service Co., Ltd[163](index=163&type=chunk) - The company conducted deposit and loan business with related financial company Xiamen Haixi Group Finance Co., Ltd., with a year-end deposit balance of **153 million CNY** and a loan balance of **25 million CNY**[169](index=169&type=chunk)[170](index=170&type=chunk) [Material Contracts and Their Performance](index=54&type=section&id=%E5%8D%81%E4%B8%89%E3%80%81%E9%87%8D%E5%A4%A7%E5%90%88%E5%90%8C%E5%8F%8A%E5%85%B6%E5%B1%A5%E8%A1%8C%E6%83%85%E5%86%B5) As of the reporting period, the company's external guarantee balance was 7.74 million CNY, representing 0.62% of its net assets; the company utilized its own funds for wealth management and entrusted loans, with entrusted loans totaling 400 million CNY, aimed at improving capital utilization efficiency - As of the end of the reporting period, the company's external guarantee balance was **7.74 million CNY**, accounting for **0.62%** of its net assets, all for non-related parties[174](index=174&type=chunk) - The company used its own funds for wealth management products, with a total transaction amount of **205 million CNY**, all being principal-protected or non-principal-protected floating income products, with no outstanding balance at period-end[176](index=176&type=chunk) - The company provided entrusted loans through banks, totaling **400 million CNY**, for supply chain business and other purposes, with an expected annualized return rate between **9.00% and 12.00%**[180](index=180&type=chunk)[182](index=182&type=chunk) [Share Changes and Shareholder Information](index=60&type=section&id=%E7%AC%AC%E4%B8%83%E8%8A%82%20%E8%82%A1%E4%BB%BD%E5%8F%98%E5%8A%A8%E5%8F%8A%E8%82%A1%E4%B8%9C%E6%83%85%E5%86%B5) [Shareholders and Actual Controller Information](index=60&type=section&id=%E4%B8%89%E3%80%81%20%E8%82%A1%E4%B8%9C%E5%92%8C%E5%AE%9E%E9%99%85%E6%8E%A7%E5%88%B6%E4%BA%BA%E6%83%85%E5%86%B5) As of the end of 2021, the company had 43,755 common shareholders, with Xiamen Haixi Group Co., Ltd. as the controlling shareholder holding 41.42%; in March 2022, 100% equity of Haixi Group was gratuitously transferred to Xiamen ITG Holding Group Co., Ltd., making ITG Holding the indirect controlling shareholder, while the actual controller remains Xiamen SASAC Top Ten Shareholders as of End of 2021 | Shareholder Name | Number of Shares Held (shares) | Proportion (%) | Shareholder Nature | | :--- | :--- | :--- | :--- | | Xiamen Haixi Group Co., Ltd. | 734,789,208 | 41.42 | State-owned Legal Entity | | Export-Import Bank of China Xiamen Branch | 120,899,188 | 6.81 | State-owned Legal Entity | | China Construction Bank Corporation Xiamen Branch | 90,627,000 | 5.11 | State-owned Legal Entity | | Xiamen XGMA Heavy Industry Co., Ltd. | 72,750,834 | 4.10 | State-owned Legal Entity | | Agricultural Bank of China Xiamen Branch | 70,116,812 | 3.95 | State-owned Legal Entity | - The company's controlling shareholder is Xiamen Haixi Group Co., Ltd., and its actual controller is the Xiamen State-owned Assets Supervision and Administration Commission (SASAC)[190](index=190&type=chunk)[191](index=191&type=chunk) - In March 2022, Xiamen SASAC gratuitously transferred 100% equity of Haixi Group to ITG Holding, making ITG Holding the company's indirect controlling shareholder[193](index=193&type=chunk) [Financial Report](index=67&type=section&id=%E7%AC%AC%E5%8D%81%E8%8A%82%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E5%91%8A) [Audit Report](index=67&type=section&id=%E4%B8%80%E3%80%81%20%E5%AE%A1%E8%AE%A1%E6%8A%A5%E5%91%8A) Rongcheng Certified Public Accountants (Special General Partnership) issued a standard unqualified audit opinion on the company's 2021 financial statements, affirming their fair presentation in all material respects; key audit matters included "Revenue Recognition" and "Provision for Doubtful Accounts on Accounts Receivable" - The audit firm, Rongcheng Certified Public Accountants (Special General Partnership), issued a standard unqualified audit opinion on the financial statements[201](index=201&type=chunk) - Key Audit Matter 1: Revenue Recognition, due to its significance as a key performance indicator and the inherent risk of management manipulation to achieve specific targets[202](index=202&type=chunk) - Key Audit Matter 2: Provision for Doubtful Accounts on Accounts Receivable, given the material balance (19.12% of total assets) and the significant management estimates and judgments involved in impairment assessment[203](index=203&type=chunk) [Financial Statement Summary](index=70&type=section&id=%E4%BA%8C%E3%80%81%20%E8%B4%A2%E5%8A%A1%E6%8A%A5%E8%A1%A8) In 2021, the company's total assets were 2.94 billion CNY, a 15.36% year-over-year decrease, and total liabilities were 1.52 billion CNY, a 22.26% decrease; full-year operating revenue was 1.55 billion CNY, down 19.21%, with a net loss of 98 million CNY, including a net loss attributable to the parent company of 114 million CNY, turning from profit to loss; net cash outflow from operating activities was 114 million CNY, a significant improvement from the prior year 2021 Key Financial Data (Consolidated Statements) | Indicator | Amount (CNY) | | :--- | :--- | | **Income Statement:** | | | Operating Revenue | 1.55 Billion | | Total Profit | -76 Million | | Net Profit | -98 Million | | Net Profit Attributable to Parent Company Shareholders | -114 Million | | **Balance Sheet (Period-End):** | | | Total Assets | 2.94 Billion | | Total Liabilities | 1.52 Billion | | Total Equity Attributable to Parent Company Owners | 1.26 Billion | | **Cash Flow Statement:** | | | Net Cash Outflow from Operating Activities | 114 Million | | Net Cash Inflow from Investing Activities | 74 Million | | Net Cash Outflow from Financing Activities | 55 Million | [Commitments and Contingencies](index=186&type=section&id=%E5%8D%81%E5%9B%9B%E3%80%81%20%E6%89%BF%E8%AF%BA%E5%8F%8A%E6%88%96%E6%9C%89%E4%BA%8B%E9%A1%B9) The company has no material commitments requiring disclosure; contingencies primarily involve pending litigation and external guarantees, with the company as plaintiff in multiple sales contract disputes to recover dealer debts, and as defendant in a contract dispute with Huaxinheng Trading (0.89 million Euro, remanded for retrial) and a lease contract dispute with Hongwen Neighborhood Committee (first instance victory, second instance pending); as of year-end, external guarantee balance was 7.74 million CNY - The company, as plaintiff, initiated lawsuits against multiple dealers, including Hunan Sanhui and Sichuan Jukai, to recover accounts receivable totaling over **180 million CNY** in principal, with several cases currently in enforcement[578](index=578&type=chunk) - The company, as defendant, is involved in a sales contract dispute with Huaxinheng Trading Co., Ltd., with a subject amount of **0.89 million Euro**, for which a provision for estimated liabilities of **1.86 million CNY** has been made, and the case has been remanded for retrial[579](index=579&type=chunk) - As of the end of 2021, the company provided debt guarantees totaling **7.74 million CNY** for companies outside the consolidated scope, primarily for buyer credit guarantees to dealers[582](index=582&type=chunk)

[Major Financial Data](index=1&type=section&id=Item%20I.%20Major%20Financial%20Data) [Major Accounting Data and Financial Indicators](index=1&type=section&id=Item%20(I)%20Major%20Accounting%20Data%20and%20Financial%20Indicators) In Q3 2021 and year-to-date, the company's operating revenue and net profit attributable to owners of the parent both significantly declined, with net profit turning to loss and overall financial indicator deterioration Major Accounting Data and Financial Indicators | Item | Current Period | YoY Change (%) in Current Period | Year-to-Date | YoY Change (%) Year-to-Date | | :--- | :--- | :--- | :--- | :--- | | **Operating Revenue** | CNY 287,035,947.73 | -33.29 | CNY 1,176,917,820.82 | -10.17 | | **Net Profit Attributable to Owners of the Parent** | CNY -17,274,219.30 | -788.44 | CNY -10,390,053.32 | -131.18 | | **Net Profit Attributable to Owners of the Parent (Excluding Non-recurring Gains/Losses)** | CNY -35,653,307.99 | N/A | CNY -75,932,591.41 | N/A | | **Net Cash Flow from Operating Activities** | N/A | N/A | CNY -102,044,240.88 | N/A | | **Basic Earnings Per Share (CNY/share)** | CNY -0.01 | N/A | CNY -0.01 | -129.28 | | **Total Assets (End of Period)** | CNY 3,191,378,089.06 | | CNY 3,473,665,980.94 (End of Previous Year) | -8.13 | | **Owners' Equity Attributable to Shareholders of the Listed Company (End of Period)** | CNY 1,360,356,533.10 | | CNY 1,369,330,146.74 (End of Previous Year) | -0.66 | [Non-recurring Gains and Losses and Amounts](index=2&type=section&id=Item%20(II)%20Non-recurring%20Gains%20and%20Losses%20and%20Amounts) Year-to-date, the company recorded approximately CNY 65.54 million in non-recurring gains and losses, primarily from entrusted loan income, government grants, and other non-operating items Non-recurring Gains and Losses | Item | Year-to-Date Amount (CNY) | | :--- | :--- | | Gains/Losses from Entrusted Loans | 21,389,150.90 | | Other Non-operating Income and Expenses (Excluding Above) | 15,507,525.24 | | Reversal of Impairment Provisions for Receivables (Individually Tested) | 13,504,154.77 | | Government Grants Included in Current Profit/Loss | 10,609,867.79 | | **Total** | **65,542,538.09** | [Analysis of Changes in Key Financial Indicators](index=3&type=section&id=Item%20(III)%20Analysis%20of%20Changes%20in%20Key%20Financial%20Indicators) The company attributes the significant decline in net profit attributable to owners of the parent and earnings per share to rising raw material prices, which directly impacted engineering machinery product gross margins - Net profit attributable to owners of the parent decreased by **131.18%** year-on-year, primarily due to rising raw material prices impacting the gross profit margin of engineering machinery products[10](index=10&type=chunk) - The change in net cash flow from operating activities is mainly due to improved collection of payments in the current period and increased recovery of intercompany receivables and factory land rental income[10](index=10&type=chunk) [Shareholder Information](index=3&type=section&id=Item%20II.%20Shareholder%20Information) [Total Common Shareholders, Number of Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Shareholding Status](index=3&type=section&id=Item%20(I)%20Total%20Common%20Shareholders%2C%20Number%20of%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholders%27%20Shareholding%20Status) As of the reporting period end, the company had 50,168 common shareholders, with Xiamen Hely Group Co., Ltd. as the controlling shareholder at 41.42%, indicating a relatively concentrated equity structure - Total common shareholders at the end of the reporting period were **50,168**[12](index=12&type=chunk) Top Ten Shareholders' Shareholding Status | Shareholder Name | Shareholder Type | Shareholding Percentage (%) | | :--- | :--- | :--- | | Xiamen Hely Group Co., Ltd. | State-owned Legal Entity | 41.42 | | Export-Import Bank of China Xiamen Branch | State-owned Legal Entity | 6.81 | | China Construction Bank Corporation Xiamen Branch | State-owned Legal Entity | 5.11 | | Xiamen XGMA Heavy Industry Co., Ltd. | State-owned Legal Entity | 4.10 | | Agricultural Bank of China Limited Xiamen Branch | State-owned Legal Entity | 3.95 | - Xiamen XGMA Heavy Industry Co., Ltd., the fourth-largest shareholder, is a wholly-owned subsidiary of Xiamen Hely Group Co., Ltd., the largest shareholder, forming an acting in concert relationship[12](index=12&type=chunk) [Other Reminders](index=5&type=section&id=Item%20III.%20Other%20Reminders) The company highlights ongoing litigation and a proposed related party transaction for land and building transfer, which remains subject to regulatory and shareholder approvals - The company has cumulative litigation matters, with specific progress disclosed in relevant announcements[14](index=14&type=chunk) - The company is proceeding with a related party transaction to transfer the Industrial Park C2 plot and its above-ground buildings, which requires approval from Xiamen State-owned Assets Management Department and deliberation by the company's shareholders' meeting, thus the final outcome is uncertain[14](index=14&type=chunk) [Quarterly Financial Statements](index=5&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements) [Type of Audit Opinion](index=5&type=section&id=Item%20(I)%20Type%20of%20Audit%20Opinion) The quarterly financial statements for this period are unaudited - The third-quarter financial statements are unaudited[4](index=4&type=chunk)[15](index=15&type=chunk) [Financial Statements](index=5&type=section&id=Item%20(II)%20Financial%20Statements) This section presents the consolidated balance sheet as of September 30, 2021, and the consolidated income statement and cash flow statement for the first three quarters of 2021, detailing the company's financial position, performance, and cash flows [Consolidated Balance Sheet](index=5&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2021, total assets were CNY 3.19 billion, total liabilities CNY 1.67 billion, and owners' equity CNY 1.36 billion, reflecting a contraction in both asset and liability scales from year-end 2020 | Item | September 30, 2021 (CNY) | December 31, 2020 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Assets** | 3,191,378,089.06 | 3,473,665,980.94 | -8.13% | | **Total Liabilities** | 1,671,502,533.65 | 1,950,826,695.48 | -14.32% | | **Total Equity Attributable to Owners of the Parent** | 1,360,356,533.10 | 1,369,330,146.74 | -0.66% | [Consolidated Income Statement](index=8&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2021, operating revenue was CNY 1.177 billion, while net profit attributable to owners of the parent turned to a loss of CNY 10.39 million, a significant 131.18% year-on-year decline | Item | First Three Quarters 2021 (CNY) | First Three Quarters 2020 (CNY) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Operating Revenue** | 1,176,917,820.82 | 1,310,141,276.83 | -10.17% | | **Operating Profit** | -10,629,938.94 | 57,094,192.50 | -118.62% | | **Net Profit Attributable to Owners of the Parent** | -10,390,053.32 | 33,326,558.40 | -131.18% | | **Basic Earnings Per Share (CNY/share)** | -0.01 | 0.02 | -150.00% | [Consolidated Cash Flow Statement](index=10&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2021, net cash flow from operating activities was CNY -102.04 million, with investing activities showing a net inflow and financing activities a net outflow, resulting in period-end cash and equivalents of CNY 250.37 million | Item | First Three Quarters 2021 (CNY) | First Three Quarters 2020 (CNY) | | :--- | :--- | :--- | | **Net Cash Flow from Operating Activities** | -102,044,240.88 | -198,623,075.54 | | **Net Cash Flow from Investing Activities** | 52,694,637.79 | 109,858,198.34 | | **Net Cash Flow from Financing Activities** | -47,437,562.50 | -26,664,678.46 | | **Net Increase in Cash and Cash Equivalents** | -97,095,616.07 | -118,339,285.47 | | **Cash and Cash Equivalents at Period-End** | 250,365,153.47 | 264,752,438.47 | [First-Time Adoption of New Lease Standards in 2021 and Adjustments to Financial Statements at the Beginning of the First Year of Adoption](index=12&type=section&id=Item%20(III)%20First-Time%20Adoption%20of%20New%20Lease%20Standards%20in%202021%20and%20Adjustments%20to%20Financial%20Statements%20at%20the%20Beginning%20of%20the%20First%20Year%20of%20Adoption) The company did not apply the adjustments for the first-time adoption of new lease standards in this reporting period - The company did not apply the new lease standards for the first time in 2021 and did not adjust the financial statements at the beginning of the year[25](index=25&type=chunk)