股票简称：动力新科 动力 B 股 股票代码：600841 900920 编号：临 2023-026 （一）应收账款坏账准备 上海新动力汽车科技股份有限公司 关于计提资产减值准备的公告 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。 上海新动力汽车科技股份有限公司（以下简称"公司"）于 2023 年 8 月 24 日召开的董事会十届五次会议审议通过了《关于计提资产 减值准备的议案》，现将有关情况公告如下： 一、本次计提资产减值准备概述 根据《企业会计准则》和公司会计政策的相关规定，为客观反映 公司报告期内财务状况和经营成果，本着谨慎性原则，公司对截止至 2023 年 6 月 30 日合并范围内各公司的有关资产进行了减值测试，并 根据减值测试结果对其中可能存在减值迹象的资产计提了减值准备。 本次计提资产减值准备的资产项目主要为应收账款、存货等科目 的减值准备，计提减值准备 59,711 万元，转回减值准备 2,591 万元， 转销减值准备 1,374 万元，对 2023 年半年度利润总额的影响为减少 利润 57,120 万元。具体 ...

股票简称：动力新科 动力 B 股 股票代码：600841 900920 编号：临 2023-025 上海新动力汽车科技股份有限公司监事会 十届五次会议决议公告 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。 上海新动力汽车科技股份有限公司（以下简称"公司"）监事会 十届五次会议于 2023 年 8 月 14 日以书面、邮件及电话通知各位监事， 于 2023 年 8 月 24 日以通讯表决方式召开。会议由监事会主席周郎辉 先生主持。会议应出席监事 3 名，实际出席 3 名，符合《公司法》及 《公司章程》的有关规定。 经与会监事审议，通过如下决议： 一、关于计提资产减值准备的议案 （同意 3 票，反对 0 票，弃权 0 票） 三、2023 年半年度报告 公司监事会根据有关要求对董事会编制的 2023 年半年度报告进 行了认真严格的审核，并提出如下审核意见： 1、未发现 2023 年半年度报告编制和审议程序违反法律、法规、 公司章程等相关规定； 2、2023 年半年度报告的内容和格式符合中国证监会和证券交易 所的各项规定，未发现报告 ...

上海新动力汽车科技股份有限公司董事会 十届五次会议决议公告 股票简称：动力新科 动力 B 股 股票代码：600841 900920 编号：临 2023-024 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。 上海新动力汽车科技股份有限公司（以下简称"公司"）董事会 十届五次会议于 2023 年 8 月 14 日以书面、邮件及电话通知各位董事， 于 2023 年 8 月 24 日以通讯表决方式召开。会议应出席董事 9 名，实 际出席 9 名。会议符合《公司法》及《公司章程》的有关规定。经与 会董事审议，通过如下议案： 一、关于计提资产减值准备的议案 公司本次计提资产减值准备符合《企业会计准则》、相关会计政 策规定及公司实际情况，计提减值准备的依据充分，能更加客观、公 允地反映公司资产状况和经营成果，同意公司本次计提资产减值准 备。 详见上海证券交易所（www.sse.com.cn）网站同日公告。 （表决结果：同意 9 票，弃权 0 票，反对 0 票） 二、2023 年上半年内部控制评价报告 （表决结果：同意 9 票，弃权 0 票 ...

上海新动力汽车科技股份有限公司 关于对上海汽车集团财务有限责任公司 2023 年上半年的风险评估报告 上海新动力汽车科技股份有限公司按照《上海证券交易所上市公 司自律监管指引第 5 号——交易与关联交易》的要求，通过查验上海 汽车集团财务有限责任公司（以下简称"上汽财务公司"）《金融许可 证》、《营业执照》等证件资料，审阅上汽财务公司相关财务报表，对 上汽财务公司 2023 年上半年的经营资质、业务和风险状况进行了评 估，具体情况报告如下： 一、上汽财务公司基本情况 上汽财务公司成立于 1994 年 5 月，是经中国人民银行批准成立 的非银行金融机构。公司注册资本人民币 153.80 亿元（含 1000 万美 元），由上海汽车集团股份有限公司、上海汽车工业销售有限公司分 别持股 98.999%、1.001%。 金融许可证机构编码：L0038H231000001 企业法人营业执照统一社会信用代码：913101151322268960 注册资本：人民币 153.80 亿元 法定代表人：王晓秋 注册地址及邮政编码：中国（上海）自由贸易试验区华京路 8 号 三层 317 室 目前实际开展的主要业务： (1)吸收成员单 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥2,011,023,519.64, representing a decrease of 50.49% compared to the same period last year[4]. - The net profit attributable to shareholders was -¥479,680,503.52, a significant decline of 2,964.63% year-on-year[4]. - The company reported a net loss of RMB 1,331,989,137.66 for Q1 2023, compared to a loss of RMB 852,308,634.14 in Q1 2022[14]. - In Q1 2023, the company reported a net profit of -479,680,503.52 RMB, compared to a net profit of 16,744,914.36 RMB in Q1 2022, indicating a significant decline[16]. - Operating profit for Q1 2023 was RMB 29,646,062.51, down 51.6% from RMB 61,233,132.63 in Q1 2022[23]. - Net profit for Q1 2023 was RMB 30,386,713.05, a decrease of 53.6% compared to RMB 65,308,321.22 in Q1 2022[23]. - The company reported a total comprehensive loss of -470,692,015.52 RMB in Q1 2023, compared to a comprehensive income of 10,265,767.62 RMB in Q1 2022[17]. Cash Flow - The net cash flow from operating activities was -¥1,025,133,954.89, indicating a negative cash flow situation[4]. - The company experienced a net cash outflow from operating activities of -1,025,133,954.89 RMB in Q1 2023, an improvement from -2,584,689,696.11 RMB in Q1 2022[19]. - The net cash flow from operating activities was -CNY 643,607,287.63, worsening from -CNY 472,485,165.48 in the same period last year[25]. - The cash and cash equivalents at the end of Q1 2023 were CNY 3,679,003,267.21, compared to CNY 3,022,643,442.97 at the end of Q1 2022, reflecting a year-over-year increase of 21.7%[26]. - Investment activities resulted in a net cash outflow of -79,893,555.08 RMB in Q1 2023, compared to -16,620,610.51 RMB in Q1 2022, indicating increased investment expenditures[19]. Assets and Liabilities - The total assets at the end of the reporting period were ¥21,595,992,884.87, down 2.27% from the end of the previous year[4]. - Total assets decreased to RMB 21,595,992,884.87 from RMB 22,096,890,382.75 at the end of 2022, a decline of 2.3%[13]. - Total liabilities decreased slightly to RMB 14,114,179,594.30 from RMB 14,144,545,563.42 at the end of 2022[14]. - Long-term borrowings increased to RMB 2,437,700,000.00 from RMB 1,761,800,000.00, reflecting a growth of 38.3%[14]. - The company’s total equity decreased to RMB 7,481,813,290.57 from RMB 7,952,344,819.33 at the end of 2022, a decline of 5.9%[14]. Revenue and Costs - Total operating revenue for Q1 2023 was RMB 2,011,023,519.64, a decrease of 50.5% compared to RMB 4,061,771,578.45 in Q1 2022[15]. - Total operating costs for Q1 2023 were RMB 2,411,964,635.81, down from RMB 4,125,047,671.03 in Q1 2022, reflecting a reduction of 41.5%[15]. - The company’s total operating expenses decreased to 2,932,412,307.53 RMB in Q1 2023 from 4,227,022,602.74 RMB in Q1 2022, a reduction of approximately 30.5%[19]. Investments and Research - Research and development expenses for Q1 2023 were 108,839,979.71 RMB, slightly down from 109,643,302.32 RMB in Q1 2022, showing a decrease of about 0.7%[16]. - Research and development expenses increased to RMB 73,854,525.66, up 18.5% from RMB 62,368,340.15 in Q1 2022[23]. Guarantees and Industry Outlook - The company provided guarantees for debt acquisition or leasing for dealers and end customers, with a total guarantee amount not exceeding CNY 819,183,600.00 for 2023[27]. - The heavy truck industry showed signs of recovery in demand year-on-year, although the industry chain still faces significant pressure[27].

股票简称：动力新科 动力 B 股 股票代码：600841 900920 编号：临 2023-018 上海新动力汽车科技股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 4 月 24 日(星期一) 下午 15:00-16:00 （一） 会议召开时间：2023 年 4 月 24 日 下午 15:00-16:00 （二） 会议召开地点：上证路演中心 （三） 会议召开方式：上证路演中心网络互动 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 4 月 17 日(星期一) 至 4 月 21 日(星期 五)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱"snatdsh@snat.com"进行提问。公司将在说明会上对 投资者普遍关注的问题进行回答。 上海新动力汽车科技股份有限公司（以下简称"公司 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥2,228,108,896.57, a decrease of 43.18% compared to the same period last year[5] - The net profit attributable to shareholders was -¥368,580,216.78, representing a decline of 421.12% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥421,387,390.07, down 468.71% from the previous year[5] - Total operating revenue for the first three quarters of 2022 was CNY 7,954,907,304.95, a decrease of 62.1% compared to CNY 21,012,318,680.60 in the same period of 2021[28] - The net profit for the first three quarters of 2022 was a loss of CNY 598,974,339.66, compared to a profit of CNY 595,654,041.89 in the same period of 2021[30] - Operating profit for Q3 2022 was CNY 77,087,750.30, down from CNY 287,902,458.29 in Q3 2021, reflecting a decline of approximately 73%[43] - Net profit for Q3 2022 was CNY 103,159,350.28, compared to CNY 291,449,211.38 in Q3 2021, indicating a decrease of about 65%[43] Assets and Liabilities - Total assets at the end of the reporting period were ¥23,431,680,079.81, a decrease of 3.37% from the end of the previous year[7] - The company's total current assets as of September 30, 2022, amounted to ¥17,912,018,902.52, a slight decrease from ¥18,010,097,169.78 at the end of 2021, indicating a decline of approximately 0.54%[19] - The company's total liabilities as of September 30, 2022, were ¥17,912,018,902.52, compared to ¥18,010,097,169.78 at the end of 2021, indicating a decrease of approximately 0.54%[23] - The total liabilities were 4,479,720,401.48 RMB, a decrease from 5,010,558,715.59 RMB in the previous year, suggesting a reduction in financial obligations[39] - The total equity attributable to shareholders decreased to CNY 8,954,762,368.26 from CNY 9,769,291,490.19, indicating a decline of 8.3%[24] Cash Flow - The company reported a net cash outflow from operating activities of -¥3,418,265,424.18, reflecting reduced cash collections from sales[5] - The net cash flow from operating activities was -3,418,265,424.18 RMB, compared to -2,742,735,141.93 RMB in the previous period, indicating a decline in operational performance[34] - Cash inflow from investment activities totaled 1,372,797,802.48 RMB, significantly higher than 81,202,172.77 RMB in the previous period, reflecting improved investment recovery[34] - The net cash flow from financing activities was 2,487,312,355.85 RMB, a substantial increase from -87,100,804.30 RMB in the previous period, indicating stronger financing capabilities[36] - The company reported a cash outflow of 10,448,644,502.08 RMB from operating activities, down from 14,754,172,172.32 RMB in the previous period, indicating better cost management[34] Sales and Market Challenges - The decline in operating revenue was primarily due to a significant drop in heavy truck sales and engine sales, influenced by economic slowdown and pandemic impacts[12] - The company faced challenges in meeting its performance commitments for 2022 due to a significant decline in demand in the heavy truck market, influenced by economic downturns and pandemic impacts[16] - The company has implemented various measures to address market challenges, including policies to boost retail sales and reduce inventory[16] Investments and Returns - Investment income and fair value changes increased by 174.21% due to higher returns from joint ventures and rising fair values of equity investments[12] - The company reported an investment income of CNY 103,122,937.60, an increase from CNY 60,609,519.35 in the same period of 2021[28] - The cash inflow from the recovery of investments was 1,215,329,612.32 RMB, a significant increase from 26,624,175.78 RMB in the previous period, highlighting successful investment strategies[34] Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 347,423,626.38, a slight decrease from CNY 360,522,343.34 in the same period of 2021[28] - Research and development expenses for the first three quarters of 2022 were CNY 203,821,866.44, an increase from CNY 181,632,492.97 in the same period of 2021, reflecting a growth of approximately 12%[42] Accounting and Regulatory Updates - The company will implement new accounting standards starting from 2022, affecting the financial statements from the beginning of the year[49] - The announcement was made by the board of Shanghai New Power Automotive Technology Co., Ltd. on October 27, 2022[50]

Financial Performance - Operating revenue for the period was ¥1,911,097,978.53, representing a significant increase of 98.14% year-on-year[8]. - Net profit attributable to shareholders was ¥62,916,012.17, up 236.71% from the same period last year[8]. - The company reported a basic earnings per share of ¥0.073, a 236.71% increase compared to ¥0.022 in the same period last year[8]. - Operating profit for Q1 2021 was RMB 62,289,260.61, up from RMB 13,889,939.85 in Q1 2020, reflecting a growth of approximately 348.5%[35]. - Net profit for Q1 2021 was RMB 63,930,014.37, compared to RMB 14,088,463.63 in Q1 2020, showing an increase of around 353.5%[35]. - The total comprehensive income for Q1 2021 was ¥67,552,070.71, compared to ¥21,999,292.57 in Q1 2020, indicating strong overall performance[44]. Asset and Equity Growth - Total assets at the end of the reporting period reached ¥9,695,354,851.68, an increase of 5.61% compared to the end of the previous year[8]. - The company's total equity attributable to shareholders increased from approximately ¥3.982 billion to ¥4.041 billion, reflecting a growth of about 1.5%[27]. - Total equity as of March 31, 2021, reached RMB 4,072,160,726.61, up from RMB 4,004,608,655.90 at the end of 2020, reflecting a growth of about 1.7%[33]. Cash Flow and Liquidity - Cash flow from operating activities showed a net outflow of ¥247,456,439.09, compared to a net outflow of ¥168,220,993.70 in the previous year[8]. - The company's cash and cash equivalents decreased from approximately ¥3.035 billion at the end of 2020 to ¥2.767 billion by March 31, 2021, representing a decline of about 8.8%[24]. - Cash and cash equivalents decreased to RMB 2,680,176,661.05 from RMB 2,900,484,190.83 at the end of 2020, a decline of approximately 7.6%[30]. - The company reported a net cash outflow from operating activities of ¥247,456,439.09, compared to a net outflow of ¥168,220,993.70 in the previous year[48]. Sales and Market Performance - The number of diesel engines sold reached 52,158 units, reflecting a year-on-year growth of 125%[15]. - Sales expenses rose by 78.37% year-on-year, driven by increased sales volume and anticipated higher after-sales service costs[15]. - The company's operating revenue for Q1 2021 reached ¥1,888,820,038.97, a significant increase of 98.1% compared to ¥953,112,107.30 in Q1 2020[42]. Accounts Receivable and Inventory Management - Accounts receivable increased by 556.32% compared to the beginning of the year, primarily due to the company's credit policy and industry characteristics[15]. - Accounts receivable increased significantly from approximately ¥245.7 million to ¥1.612 billion, indicating a substantial rise of over 554%[24]. - Inventory levels were reported at approximately ¥679.85 million, suggesting effective inventory management[64]. Investment and Research - Investment income increased by 19.93% year-on-year, attributed to higher profits from associated enterprises[15]. - Research and development expenses increased to ¥61,267,726.00, compared to ¥57,477,223.31 in the previous year, reflecting a focus on innovation[42]. - The company has ongoing investments in fixed assets totaling approximately ¥835.97 million, indicating commitment to growth[64]. Regulatory and Strategic Initiatives - The company is undergoing a significant asset restructuring plan, which includes issuing shares and cash to acquire 50% of SAIC Iveco Commercial Vehicle Investment Co., Ltd. and 56.96% of SAIC Iveco Hongyan Commercial Vehicle Co., Ltd.[17]. - The company is still in the process of obtaining regulatory approval for the asset restructuring plan, which is expected to be implemented after approval[18]. - The company is actively pursuing market expansion and new technology development as part of its strategic initiatives[17].

Financial Performance - In 2020, the company achieved a consolidated net profit attributable to shareholders of RMB 203,320,546.19, representing a 73.98% increase compared to RMB 116,865,057.43 in 2019[6]. - The company's operating revenue for 2020 was RMB 6,131,471,489.36, a 52.02% increase from RMB 4,033,270,192.12 in 2019[23]. - The basic earnings per share for 2020 was RMB 0.235, up 73.98% from RMB 0.135 in 2019[23]. - The company reported a decrease in net profit after deducting non-recurring gains and losses to RMB 151,563,211.67, a 71.03% increase from RMB 88,620,084.04 in 2019[23]. - The weighted average return on net assets increased to 5.22% in 2020, up from 3.10% in 2019, an increase of 2.12 percentage points[23]. - The company reported a significant increase in inventory, with a 77.36% rise in stock to ¥777,318,021.56[62]. - The financial expenses showed a notable improvement, with a net gain of ¥26,976,570.59 compared to a loss of ¥61,822,731.92 in the previous year[48]. - The company achieved an asset disposal gain of ¥50,301,311.48, primarily from the transfer of land and property by a subsidiary[48]. Cash Flow and Assets - The net cash flow from operating activities decreased by 74.61% to RMB 157,147,523.61 in 2020, down from RMB 618,948,439.04 in 2019[23]. - The total assets of the company increased by 23.20% to RMB 9,180,511,001.03 at the end of 2020, compared to RMB 7,451,646,229.61 at the end of 2019[23]. - The total current assets increased to RMB 7,163,321,763.89 as of December 31, 2020, compared to RMB 5,475,054,748.23 in 2019, representing a growth of approximately 30.9%[198]. - The cash and cash equivalents stood at RMB 3,035,405,486.95 as of December 31, 2020, compared to RMB 2,977,932,796.19 in 2019, reflecting a growth of approximately 1.9%[198]. Market and Sales Performance - In 2020, the company achieved diesel engine sales of 162,177 units, a year-on-year increase of 69.33%[44]. - The domestic commercial vehicle and engineering machinery industries' growth positively impacted the company's diesel engine sales[39]. - The company’s marketing efforts led to a significant increase in sales across various sectors, including an 85% increase in the vehicle market[44]. - The company plans to achieve sales of 180,000 diesel engines in 2021, generating revenue of 7.168 billion RMB[77]. Research and Development - The company launched 20 new product development projects in 2020, with 8 new models meeting the National VI emission standards successfully launched[44]. - The company has established a strong R&D team and holds multiple patents, including 12 new patents obtained in 2020[44]. - Research and development expenses totaled ¥241,408,281.50, accounting for 3.94% of operating revenue[61]. Strategic Plans and Investments - The company plans to acquire 50% equity in SAIC Iveco Commercial Vehicle Investment Co., Ltd. and 56.96% equity in SAIC Iveco Hongyan Commercial Vehicle Co., Ltd. as part of a major asset restructuring project[31]. - The company has invested CNY 384.58 million across 13 projects related to the automotive industry, new materials, and new energy[67]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[48]. Environmental and Social Responsibility - The company has committed to enhancing its environmental protection measures and compliance with relevant laws and regulations[131]. - The company has reported a total discharge of 6.306 tons of COD, which is within the permitted limit of 6.348 tons, and 0.451 tons of ammonia nitrogen, below the permitted limit of 0.55 tons[124]. - The company has invested a total of 200,000 yuan in poverty alleviation efforts in 2020, continuing from the previous year's investment of 200,000 yuan, with 150,000 yuan allocated for ecological protection and 50,000 yuan for health resources in impoverished areas[119]. Corporate Governance - The company has appointed Ernst & Young Hua Ming as its auditor, with a fee of 1 million RMB for annual audit services and 283,000 RMB for internal control audit services[95]. - The company’s governance structure complies with the requirements of the Company Law and regulations from the China Securities Regulatory Commission[173]. - The internal control self-assessment report indicated no significant defects in the design or execution of internal controls as of December 31, 2020[180]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 42,035, down from 43,486 at the end of the previous month[137]. - The largest shareholder, Shanghai Automotive Group Co., Ltd., held 416,452,530 shares, representing 48.05% of total shares[140]. - The company reported no changes in the total number of ordinary shares and capital structure during the reporting period[136]. Employee and Management Structure - The total number of employees in the parent company and major subsidiaries is 1,890, with 903 in production, 181 in sales, and 636 in technical roles[167]. - The company emphasizes a dynamic compensation policy linked to business performance, aiming to enhance employee satisfaction and cohesion[168]. - The company has a clear structure for the roles of directors and senior management, with specific positions held within the Shanghai Automotive Group[160].

Financial Performance - Operating revenue for the first nine months rose by 53.61% to CNY 4,366,621,540.11 year-on-year[15] - Net profit attributable to shareholders increased by 51.30% to CNY 138,711,837.08 compared to the same period last year[15] - Basic earnings per share increased by 51.30% to CNY 0.160 compared to the same period last year[15] - Net profit attributable to the parent company increased by 51.30% year-on-year, mainly due to growth in diesel engine sales and improved profitability of core business[23] - Other income increased by 194.19% year-on-year, primarily due to an increase in government subsidies received during the period[23] - Total operating revenue for Q3 2020 reached ¥1,652,589,740.53, a significant increase from ¥915,794,845.10 in Q3 2019, representing an increase of approximately 80.4%[43] - Net profit for Q3 2020 was ¥22,784,021.50, slightly up from ¥21,910,022.52 in Q3 2019, indicating a growth of approximately 4.0%[46] - The company's operating profit for Q3 2020 was ¥19,736,909.73, compared to ¥20,483,971.64 in Q3 2019, indicating a decrease of 3.6%[52] - The total profit for Q3 2020 was ¥19,990,567.51, down from ¥20,640,204.20 in Q3 2019, representing a decline of 3.2%[52] Assets and Liabilities - Total assets increased by 18.90% to CNY 8,860,161,123.75 compared to the end of the previous year[15] - Total liabilities increased to RMB 4,946,438,315.87 from RMB 3,654,038,766.39 year-on-year[34] - Current assets totaled RMB 6,847,497,906.74, up from RMB 5,475,054,748.23 at the end of 2019[31] - The company’s total assets increased to ¥8,852,297,671.23 from ¥7,513,373,414.41, representing a growth of approximately 17.8%[40] - The total liabilities increased to ¥4,843,581,995.76 in the latest report from ¥3,611,415,901.96 in the previous period, marking an increase of about 34.1%[40] - Total liabilities reached approximately $3.61 billion, with current liabilities at $3.48 billion and non-current liabilities at $132.6 million[76] Cash Flow - Net cash flow from operating activities decreased by 327.06% to CNY -589,684,053.60 for the first nine months[15] - The company's operating cash flow for the first three quarters of 2020 was negative at -589,684,053.60 RMB, compared to a positive cash flow of 259,701,146.62 RMB in the same period of 2019, indicating a significant decline in operational performance[57] - Total cash inflow from operating activities decreased to 3,163,919,878.43 RMB in 2020 from 3,224,239,510.69 RMB in 2019, reflecting a year-over-year decline of approximately 1.88%[57] - Cash outflow for purchasing goods and services increased significantly to 3,127,619,577.54 RMB in 2020, up from 2,461,734,818.08 RMB in 2019, representing a rise of about 27.05%[57] - The company's cash and cash equivalents at the end of Q3 2020 stood at 2,303,363,643.09 RMB, down from 2,679,721,714.43 RMB at the end of Q3 2019, a decrease of about 14.03%[58] Shareholder Information - The total number of shareholders reached 42,252 by the end of the reporting period[19] - Shanghai Automotive Group holds 48.05% of the shares, making it the largest shareholder[19] Expenses - Sales expenses increased by 71.64% year-on-year, influenced by higher sales volume and increased product warranty and maintenance costs[23] - Research and development expenses for the first three quarters of 2020 were ¥157,575,714.15, compared to ¥151,948,510.47 in the same period of 2019, reflecting a slight increase of about 3.5%[46] - The company's financial expenses for Q3 2020 were ¥1,306,929.79, a significant change from a gain of ¥24,708,788.70 in Q3 2019[52] Government Subsidies - The company received government subsidies amounting to CNY 23,189,024.61 for the first nine months[15] - Other income increased by 194.19% year-on-year, primarily due to an increase in government subsidies received during the period[23] Future Plans - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency and product offerings in the upcoming quarters[42]