证券代码：600847 证券简称：万里股份 公告编号：2023-036 重庆万里新能源股份有限公司 鉴于梁天呈先生辞职，公司董事关兰英女士将继续代行董事会秘书职责， 公司也将尽快聘任董事会秘书。 特此公告。 重庆万里新能源股份有限公司 关于聘任董事会秘书进展公告 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。 重庆万里新能源股份有限公司（以下简称"公司"）于 2023 年 8 月 1 日披 露了《万里股份关于董事会秘书辞职及聘任董事会秘书、证券事务代表的公告》 （公告编号：2023-031）及其补充公告（公告编号：2023-032），现就董事会秘 书聘任进展公告如下： 公司于 2023 年 7 月 31 日召开第十届董事会第十六次会议，审议通过了《关 于聘任董事会秘书的议案》，同意聘任梁天呈先生为公司董事会秘书。因人员衔 接安排，梁天呈先生任职推迟，暂由公司董事关兰英女士代行董事会秘书职责。 公司董事会于近日收到梁天呈先生提交的书面辞职报告。梁天呈先生因个 人原因，申请辞去公司职务，辞职报告自送达董事会之日起生效。梁天呈 ...

Financial Performance - The company's operating revenue for the first half of 2023 was ¥266,942,643.61, representing a 25.49% increase compared to ¥212,727,101.62 in the same period last year[18]. - The net profit attributable to shareholders was a loss of ¥10,010,318.62, an improvement from a loss of ¥18,972,067.05 in the previous year[18]. - The basic earnings per share for the first half of 2023 was -¥0.07, an improvement from -¥0.12 in the same period last year[19]. - The weighted average return on net assets was -1.46%, an improvement from -2.74% in the previous year[19]. - The company reported a net loss of CNY 314,630,326.89 as of June 30, 2023, compared to a loss of CNY 304,620,008.27 at the end of 2022, indicating a worsening financial position[101]. - The net loss for the first half of 2023 was CNY 10,010,318.62, an improvement compared to a net loss of CNY 18,972,067.05 in the first half of 2022[108]. Cash Flow and Liquidity - The net cash flow from operating activities was negative at ¥42,356,942.50, a significant decline from a positive cash flow of ¥1,858,389.38 in the same period last year, indicating a decrease of 2,379.23%[18]. - The company faced a significant cash flow challenge, with net cash flow from operating activities at -¥42,356,942.50, a decline from a positive cash flow of ¥1,858,389.38 in the previous year[31]. - The company's cash and cash equivalents decreased by 61.03% to CNY 27,189,704.71, down from CNY 69,763,147.34 in the previous year[36]. - The total cash and cash equivalents at the end of June 2023 were ¥25,311,239.62, down from ¥40,559,450.08 at the end of June 2022, reflecting a decrease of approximately 37.7% year-over-year[115]. - The company is focusing on improving its cash flow management strategies to address the negative cash flow situation reported in the first half of 2023[115]. Assets and Liabilities - The total assets at the end of the reporting period were ¥749,938,761.95, down 1.22% from ¥759,175,716.72 at the end of the previous year[18]. - The total liabilities decreased from CNY 70,754,059.03 to CNY 63,326,999.50, a reduction of approximately 10.5%[101]. - The equity attributable to shareholders decreased from CNY 688,421,657.69 to CNY 686,611,762.45, a slight decline of about 0.3%[101]. - The company's total equity reached CNY 728,897,210.54, up from CNY 723,388,952.81 in the previous period[105]. Industry and Market Conditions - The automotive industry in China saw a production and sales volume of 13.248 million and 13.239 million vehicles respectively in the first half of 2023, with year-on-year growth of 9.3% and 9.8%[24]. - The automotive industry is expected to be a focus for government efforts to stimulate consumption in the second half of 2023, despite facing uncertainties from global economic pressures[25]. - The company operates in a competitive environment with a relatively small scale, leading to lower profitability compared to comparable listed companies[25]. Environmental Compliance - The company has implemented measures to ensure compliance with environmental standards, including real-time monitoring of wastewater discharge[49]. - The company treats 80% of the wastewater for reuse in production, with the remaining discharged into the park's sewage network[52]. - The company has established a daily maintenance and management system for pollution control facilities, ensuring normal operation and compliance with environmental regulations[64]. - The company has developed an emergency response plan for environmental incidents, which was approved by experts in February 2023[69]. - The company adheres to environmental laws and regulations, fulfilling its social responsibility regarding environmental protection[68]. Research and Development - The company’s R&D expenses decreased by 9.73% to ¥807,725.52, primarily due to lower depreciation costs of research equipment[31]. - The company has not disclosed any plans for new product development or market expansion in this report[4]. - The company plans to focus on market expansion and new product development in the upcoming quarters[106]. Legal and Regulatory Matters - A significant lawsuit has been acknowledged, with the court accepting the case on May 18, 2023[75]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[76]. - The company has not received any non-standard audit opinions related to the previous annual report[76]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 13,213[90]. - The top ten shareholders include Jiatiantian Asset Management Company with 11.55% of shares, and Shenzhen Southern Tongzheng Investment Company with 6.57% of shares, both of which have pledged their shares[92]. - The company has not reported any changes in major shareholders or control during the reporting period[95]. Accounting Policies and Estimates - The financial statements are prepared on a going concern basis, with no significant doubts regarding the company's ability to continue operations for the next 12 months[137]. - The company adheres to specific accounting policies and estimates related to financial instruments impairment, fixed asset depreciation, and revenue recognition[138]. - The company recognizes lease liabilities at the present value of future lease payments, using the interest rate implicit in the lease or the company's incremental borrowing rate if the implicit rate cannot be readily determined[191].

股票代码：600847 股票简称：万里股份 公告编号：2023-03X 重庆万里新能源股份有限公司 表决结果：同意 9 票，反对 0 票，弃权 0 票，表决通过。 重庆万里新能源股份有限公司 第十届董事会第十七次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重庆万里新能源股份有限公司(以下简称"公司")第十届董事会第十次会议于 2023 年 8 月 18 日以通讯方式召开，会议通知以电子邮件方式发出。应出席董事 9 人，实际出席董事 9 人，会议的召集、召开、表决程序符合《中华人民共和国公司 法》等法律法规和《公司章程》的有关规定。经与会董事认真审议，通过了以下议 案： 一、关于 2023 年半年度报告及摘要的议案 特此公告。 董 事 会 2023 年 8 月 18 日 ...

股票代码：600847 股票简称：万里股份 公告编号：2022-035 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个别及连带责任。 重庆万里新能源股份有限公司（以下称"公司"）第十届监事会第十三次会议 于 2023 年 8 月 17 日以通讯方式召开，会议应出席监事 3 名，实到监事 3 名，本次 会议符合《公司法》和《公司章程》的有关规定，会议审议通过了《关于 2023 年半 年度报告及摘要的议案》。 经审核，监事会认为董事会编制和审议公司 2023 年半年度报告及摘要的程序符 合法律、行政法规及中国证监会的规定，报告内容真实、准确、完整地反映了上市 公司的实际情况，不存在任何虚假记载、误导性陈述或者重大遗漏。 表决结果：同意 3 票，反对 0 票，弃权 0 票，表决通过。 重庆万里新能源股份有限公司 重庆万里新能源股份有限公司 第十届监事会第十三次会议决议公告 特此公告。 监 事 会 2023 年 8 月 17 日 ...

关于召开 2022 年度业绩说明会的公告 证券代码：600847 证券简称：万里股份 公告编号：2023-022 重庆万里新能源股份有限公司 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 05 月 26 日(星期五)至 06 月 01 日(星期 四)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（cqwanli2010@126.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。 重庆万里新能源股份有限公司（以下简称"公司"）已于 2023 年 4 月 26 日发布公司 2022 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 06 月 02 日上午 11:00-12:00 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。 二、 说明会召开的时间、地点 （一） 会议召开时间：20 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥133,789,228.26, representing a year-on-year increase of 20.47%[3] - The net profit attributable to shareholders was a loss of ¥3,320,803.06, with a net profit margin not applicable due to the loss[3] - The company reported a net loss of CNY -307,940,811.33 for Q1 2023, compared to a net loss of CNY -304,620,008.27 in Q1 2022[18] - The net profit for Q1 2023 was -3,320,803.06 CNY, compared to -11,095,833.61 CNY in Q1 2022, showing an improvement of approximately 70% year-over-year[21] - Operating profit for Q1 2023 was -3,567,619.36 CNY, compared to -10,823,295.61 CNY in the same period last year, indicating a significant reduction in losses[21] - The total comprehensive income for Q1 2023 was -3,320,803.06 CNY, an improvement from -11,095,833.61 CNY in Q1 2022[22] - The basic and diluted earnings per share for Q1 2023 were both -0.07 CNY, consistent with the previous year's performance[22] Cash Flow and Assets - The net cash flow from operating activities was negative at ¥30,521,417.05, reflecting a decrease of 228.07% compared to the previous period[3] - Cash and cash equivalents decreased by 43.90%, primarily due to tax payments and increased inventory[6] - Cash and cash equivalents at the end of Q1 2023 stood at 39,140,379.16 CNY, compared to 29,740,133.78 CNY at the end of Q1 2022, reflecting a year-over-year increase of approximately 32%[25] - Total assets at the end of the reporting period were ¥739,197,101.49, a decrease of 2.63% from the previous year-end[4] - Total assets decreased to CNY 739,197,101.49 as of March 31, 2023, down from CNY 759,175,716.72 at the end of 2022[18] Liabilities and Shareholder Information - Total liabilities decreased to CNY 54,586,134.77, down from CNY 70,754,059.03 at the end of 2022[18] - The total number of ordinary shareholders at the end of the reporting period was 14,499[8] Expenses and Costs - Total operating costs for Q1 2023 were CNY 136,333,861.44, up from CNY 121,925,282.17 in Q1 2022, representing a year-over-year increase of 11.5%[20] - Sales expenses increased by 46.35% as a result of higher sales volume[6] - Research and development expenses in Q1 2023 were 401,791.52 CNY, down from 573,099.72 CNY in Q1 2022, indicating a decrease of approximately 30%[21] - The company incurred financial expenses of -148,830.93 CNY in Q1 2023, compared to 207,554.21 CNY in Q1 2022, showing a significant reduction in financial costs[21] Government Support and Other Financial Matters - The company received government subsidies amounting to ¥512,492.63, which were included in the current period's profit[5] - The company reported a loss compensation receivable from Southern Tongzheng amounting to RMB 191,392,940.94[10] - The company will ensure that the loss compensation receivable is prioritized during the exercise of the pledged shares[12] Strategic Plans and Investments - The company plans to exchange 100% equity of Chongqing Wanli Power Technology Co., Ltd., valued at RMB 68 million, for 48.95% equity of Teri Battery, valued at RMB 115,042.84 million[13] - The company intends to raise up to RMB 15 million through a private placement to fund the acquisition and support Teri Battery's ongoing projects[13] - The company has not yet completed the asset transfer as stipulated in the agreement due to high transaction amounts and market competition[10] - The company has terminated the major asset swap and share issuance plan as of February 20, 2023, indicating a strategic shift in its asset management approach[14] - The company plans to issue shares to purchase the asset difference of RMB 47,042.84 million in the transaction[13] - The company aims to maintain a controlling stake of no less than 51% in Teri Battery post-investment[13] Business Operations and Challenges - The company has not formed a sustainable new business, making the divestment of its original lead-acid battery business detrimental to operational stability[10] - Southern Tongzheng pledged 10,072,158 shares, representing 6.57% of the company's total share capital, to ensure performance obligations under the share transfer agreement[11] - The company confirmed a non-existing business loss of RMB 155,567,888.90 for 2018 and RMB 7,423,581.81 for 2021, with a further loss of RMB 25,042,370.44 for 2022[10]

Financial Performance - The company's operating revenue for 2022 was ¥469,528,844.59, a decrease of 17.80% compared to ¥571,178,315.46 in 2021[20] - The net loss attributable to shareholders for 2022 was ¥32,683,221.28, compared to a loss of ¥9,668,244.74 in 2021[20] - Basic earnings per share for 2022 were -¥0.21, compared to -¥0.06 in 2021[21] - The weighted average return on equity for 2022 was -4.73%, down from -1.39% in 2021[21] - The company reported a negative net profit of -¥7,142,234.69 in Q4 2022, following losses in previous quarters[22] - The net profit attributable to ordinary shareholders, after deducting non-recurring gains and losses, was -¥36,032,893.57, compared to -¥13,110,978.73 in the previous year[30] - The total comprehensive income for 2022 was -9,103,161.12 RMB, compared to -4,466,513.10 RMB in 2021, indicating a decline in overall profitability[181] Cash Flow and Liquidity - The net cash flow from operating activities for 2022 was ¥32,919,092.26, a significant improvement from a negative cash flow of ¥19,121,131.80 in 2021[20] - The company's cash and cash equivalents increased by 69.12% to ¥69,763,147.34 compared to ¥41,250,637.09 in the previous period, contributing to the increase in net cash flow from operating activities[51] - The net cash flow from investment activities decreased to -¥1,917,495.19 from -¥10,499,483.37, mainly due to reduced fixed asset investments[48] - Cash inflow from operating activities totaled 485,295,962.45 RMB, while cash outflow was 452,376,870.19 RMB, resulting in a net positive cash flow[182] - The total cash and cash equivalents decreased by 28,513,933.45 RMB in 2022, contrasting with a decrease of 29,620,615.17 RMB in 2021, reflecting improved cash management[182] Assets and Liabilities - The total assets at the end of 2022 were ¥759,175,716.72, down 2.15% from ¥775,865,558.95 at the end of 2021[20] - The company's net assets attributable to shareholders decreased by 0.73% to ¥688,421,657.69 at the end of 2022 from ¥693,495,739.44 at the end of 2021[20] - Total liabilities decreased from CNY 82.37 billion in 2021 to CNY 70.75 billion in 2022, a decrease of approximately 14%[169] - Current liabilities decreased from CNY 78.67 billion in 2021 to CNY 67.75 billion in 2022, a reduction of about 14%[169] - Non-current liabilities remained stable at CNY 3.00 billion in 2022 compared to CNY 3.70 billion in 2021, indicating a decrease of approximately 19%[169] Operational Efficiency - The company faced increased unit product costs due to rising electricity prices and material costs, leading to a decrease in gross margin[30] - The company reported a significant increase in management expenses due to preparations for major asset swaps and fundraising activities[30] - The company implemented a "large production system" management model to improve communication and operational efficiency[35] - The company aims to optimize procurement, production, and sales processes to achieve cost reduction and efficiency improvement[59] Research and Development - The company developed 23 new product models and optimized 9 product and process designs during the reporting period[34] - Research and development expenses totaled CNY 1,699,044.63, accounting for 0.36% of operating revenue[46] - The company has nine R&D personnel, representing 2.35% of the total workforce, with a majority holding undergraduate degrees[47] Market and Industry Outlook - The automotive industry is projected to continue its growth, with a 3.4% increase in vehicle production and a 2.1% increase in sales in 2022, which is expected to positively impact the company's performance[57] - The company aims to expand its market presence and improve sales through enhanced customer outreach and optimized sales team performance[34] Governance and Compliance - The company strictly adhered to the Company Law and relevant regulations, ensuring compliance in shareholder meetings and decision-making processes[63] - The supervisory board effectively monitored the company's financial activities and compliance of directors and senior management, ensuring transparency and accountability[64] - The company implemented a comprehensive performance evaluation and incentive mechanism for all employees, aiming to enhance motivation and productivity[64] Environmental Responsibility - The company invested 2.29 million yuan in environmental protection during the reporting period[94] - The company has implemented a wastewater treatment process that ensures compliance with the "Battery Industry Pollutant Emission Standards" for total lead and other pollutants[98] - The company is committed to the "zero waste enterprise" initiative and has passed expert review for its implementation in December 2022[116] Shareholder Information - The total number of ordinary shareholders decreased from 14,499 to 10,677 by the end of the reporting period[139] - The largest shareholder, Jiatiantian Asset Management Co., Ltd., holds 11.55% of the shares, totaling 17,708,110 shares[142] - The company has not reported any changes in shareholding for its directors and supervisors during the reporting period[71] Future Plans - The company plans to enhance product competitiveness and create new growth points by strengthening technological innovation and improving production processes[59] - The company is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[192]

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥212.73 million, a decrease of 29.89% compared to ¥303.43 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was a loss of approximately ¥18.97 million, compared to a loss of ¥1.03 million in the same period last year[19]. - The basic earnings per share for the first half of 2022 was -¥0.12, down from -¥0.01 in the same period last year[18]. - The weighted average return on net assets for the first half of 2022 was -2.74%, compared to -0.15% in the same period last year[18]. - The total assets decreased by 3.33% to approximately ¥750.03 million from ¥775.87 million in the same period last year[19]. - The company reported a decrease of 0.17% in net assets attributable to shareholders, totaling approximately ¥692.31 million[19]. - The company's gross profit margin and net profit margin are below the average levels of comparable listed companies in the lead-acid battery industry, which are approximately 14-18% and 2-4%, respectively[23]. - The company reported a net loss of CNY -290,908,854.04, compared to a loss of CNY -271,936,786.99 at the beginning of the period, reflecting a worsening of approximately 7%[93]. - The company reported a total comprehensive income of CNY -1,032,069.68 for the current period, indicating a loss[119]. Cash Flow and Liquidity - The net cash flow from operating activities was approximately ¥1.86 million, a significant improvement from a negative cash flow of ¥43.08 million in the same period last year[19]. - The company's cash flow from operating activities showed a significant improvement, with a net cash flow of CNY 1,858,389.38 compared to a negative CNY 43,084,474.26 in the previous year[29]. - The cash and cash equivalents at the end of H1 2022 increased to RMB 40,559,450.08, compared to RMB 21,281,927.78 at the end of H1 2021, reflecting a growth of approximately 90.4%[107]. - The company experienced a net increase in cash and cash equivalents of RMB 1,188,701.28 in H1 2022, contrasting with a net decrease of RMB 47,709,436.19 in H1 2021[107]. - The total cash inflow from operating activities decreased to RMB 189,750,875.31 in H1 2022, down from RMB 228,971,583.81 in H1 2021, representing a decline of approximately 17.1%[106]. Inventory and Receivables - The company's inventory decreased by 22.99%, reflecting efforts to manage stock levels effectively[31]. - The accounts receivable increased by 11.35% to CNY 110,376,652.23, indicating potential challenges in cash collection[31]. - The company reported a significant decrease in cash paid for purchasing goods and services, which was RMB 128,868,266.34 in H1 2022, down from RMB 204,838,024.72 in H1 2021, a reduction of approximately 37.1%[106]. - The cash paid to employees decreased to RMB 17,681,226.34 in H1 2022 from RMB 26,450,361.47 in H1 2021, indicating a decrease of about 33.2%[106]. Strategic Initiatives - The company plans to divest its existing lead-acid battery business and acquire lithium-ion battery cathode material assets, indicating a strategic shift towards more profitable segments[26]. - The company is currently undergoing a significant asset restructuring, which carries various risks including approval delays and potential failure to meet performance commitments[36]. - The company is in the process of a major asset swap and share issuance to support its strategic expansion[73]. Environmental Management - The company’s wastewater treatment facilities are equipped with monitoring systems to ensure compliance with environmental standards[42]. - The company has established a pricing mechanism linked to lead prices to mitigate the impact of price volatility on its operating performance[36]. - The company has a comprehensive emergency response plan for environmental incidents, developed in 2019, to mitigate risks associated with lead-acid battery operations[62]. - The company adheres to environmental laws and regulations, fulfilling its social responsibility in environmental protection[61]. Related Party Transactions and Governance - The company committed to ensuring independence in personnel, assets, finance, organization, and business, as detailed in the announcement on January 20, 2022[67]. - The company reported a commitment to reduce and regulate related party transactions, as outlined in the January 20, 2022 disclosure[68]. - The company confirmed that there are no illegal or dishonest behaviors, as per the January 20, 2022 disclosure[68]. - The company has not faced any non-compliance issues or penalties related to its directors, supervisors, or controlling shareholders[71]. Financial Instruments and Accounting Policies - Financial assets are classified into three categories upon initial recognition: (1) measured at amortized cost; (2) measured at fair value with changes recognized in other comprehensive income; (3) measured at fair value with changes recognized in profit or loss[138]. - The company applies expected credit loss model for impairment of financial assets measured at amortized cost and certain other financial instruments[143]. - The company recognizes financial assets when it becomes a party to the financial instrument contract, measuring them at fair value upon initial recognition[141]. - The company has not reported any changes in significant accounting policies or estimates during the period[186]. Shareholder Information - As of June 30, 2022, the company had a total of 8,787 ordinary shareholders[82]. - The top ten shareholders include Jia Tianxia Asset Management with 11.55% and Shenzhen Southern Tongzheng Investment with 6.57% of shares[84]. - The company has a total of 17,708,110 shares held by Jia Tianxia Asset Management, which are unrestricted[85]. - The company has not experienced any changes in its total share capital or share structure during the reporting period[81].

Financial Performance - The company's operating revenue for Q1 2022 was ¥111,054,240.01, representing a decrease of 27.11% compared to the same period last year[3] - The net profit attributable to shareholders was -¥11,095,833.61, reflecting a significant decline of 985.22% year-over-year[3] - The basic and diluted earnings per share were both -¥0.07, indicating an 800% decrease compared to the previous year[3] - Total operating revenue for Q1 2022 was ¥111,054,240.01, a decrease of 27% compared to ¥152,348,701.63 in Q1 2021[18] - The net profit for Q1 2022 was a loss of ¥11,095,833.61, compared to a profit of ¥1,253,455.87 in Q1 2021, indicating a significant decline in profitability[19] - The total equity attributable to shareholders was ¥682,399,905.83, down from ¥693,495,739.44 in Q1 2021, representing a decline of about 1.6%[16] - Basic and diluted earnings per share for Q1 2022 were both -0.07 CNY, compared to 0.01 CNY in Q1 2021, indicating a significant decline in profitability[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥740,276,526.77, down 4.59% from the end of the previous year[4] - The company's total liabilities as of Q1 2022 amounted to ¥57,876,620.94, a decrease from ¥82,369,819.51 in the previous year[16] - The company's current assets totaled CNY 491,524,400.14, down from CNY 520,598,233.16, indicating a decrease of about 5.5% year-over-year[14] - The company's non-current assets totaled CNY 248,752,126.63, down from CNY 255,267,325.79, indicating a decrease of about 2.5%[14] - The total assets as of Q1 2022 were ¥740,276,526.77, down from ¥775,865,558.95 in the previous year, indicating a decrease of approximately 4.6%[16] Cash Flow - The net cash flow from operating activities was -¥9,303,103.92, with no applicable percentage change due to negative cash flow[3] - Net cash flow from operating activities for Q1 2022 was -9,303,103.92 CNY, an improvement from -48,088,009.05 CNY in Q1 2021[20] - Total cash inflow from operating activities was 94,877,325.22 CNY, down 17.1% from 114,443,087.09 CNY in the same period last year[20] - Cash outflow from operating activities decreased to 104,180,429.14 CNY, compared to 162,531,096.14 CNY in Q1 2021, reflecting better cost management[20] - Cash flow from investing activities was -327,511.10 CNY, an improvement from -767,224.21 CNY in Q1 2021, indicating reduced capital expenditures[21] - The ending cash and cash equivalents balance for Q1 2022 was 29,740,133.78 CNY, down from 39,370,748.80 CNY at the beginning of the period[21] Operational Efficiency - The company reported a 217.78% increase in other income, primarily due to an increase in government subsidies received during the period[6] - The company experienced a 41.87% decrease in cash paid for goods and services due to reduced production levels[6] - The company received 8,008,370.64 CNY in other operating cash, a substantial increase from 2,644,335.74 CNY in Q1 2021, indicating improved operational efficiency[20] - The company’s total cash outflow for employee payments was 8,205,395.31 CNY, a decrease from 9,724,452.45 CNY in the previous year, reflecting cost-cutting measures[20] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 11,374[8] - Shareholders' equity attributable to the parent company decreased by 1.60% to ¥682,399,905.83[4] Future Plans and Compliance - The company plans to acquire 48.95% equity of Chongqing Teri Battery Materials Co., Ltd. through a major asset swap and issuance of shares, raising up to CNY 150 million from no more than 35 specific investors[11] - The company is currently undergoing audits and evaluations related to the asset swap, with ongoing compliance to legal and regulatory requirements[12] - The company has received an inquiry letter from the Shanghai Stock Exchange regarding the asset swap and is actively responding to the questions raised[12] Research and Development - Research and development expenses increased to ¥573,099.72 in Q1 2022 from ¥465,273.00 in Q1 2021, reflecting a growth of about 23.3%[18]

Financial Performance - The company's operating revenue for 2021 was CNY 571,178,315.46, a decrease of 2.71% compared to CNY 587,107,835.93 in 2020[20]. - The net profit attributable to shareholders of the listed company was a loss of CNY 9,668,244.74, representing a decline of 340.34% from a profit of CNY 4,022,784.92 in 2020[20]. - The net cash flow from operating activities was a negative CNY 19,121,131.80, a decrease of 191.57% compared to CNY 20,881,911.74 in 2020[20]. - Basic earnings per share for 2021 were CNY -0.06, a decrease of 300.00% compared to CNY 0.03 in 2020[21]. - The weighted average return on net assets was -1.39% in 2021, down from 0.58% in 2020[21]. - The company reported a negative retained earnings of CNY -271,936,786.99 as of December 31, 2021, leading to a decision not to distribute profits for the year[5]. - The company achieved operating revenue of ¥571,178,315.46, a decrease of 2.71% compared to the previous year[32]. - The net profit attributable to shareholders was -¥9,668,244.74, down from a profit of ¥4,022,784.92 in the previous year[32]. - The gross profit margin decreased due to rising prices of raw materials and electricity, impacting sales[32]. - The company reported a significant increase in revenue, achieving a total of $1.5 billion for the fiscal year, representing a 20% year-over-year growth[65]. - The company reported a total revenue of 8,302,418 RMB, with a net profit margin of 5.42%[136]. Assets and Liabilities - The total assets at the end of 2021 were CNY 775,865,558.95, an increase of 2.23% from CNY 758,969,096.38 at the end of 2020[20]. - The company's net assets attributable to shareholders at the end of 2021 were CNY 693,495,739.44, a slight decrease of 0.21% from CNY 694,948,071.67 at the end of 2020[20]. - The total liabilities reached RMB 82,369,819.51, up from RMB 64,021,024.71, reflecting an increase of about 28.7%[164]. - The company's equity attributable to shareholders decreased slightly to RMB 693,495,739.44 from RMB 694,948,071.67, a decline of approximately 0.2%[164]. - The total owner's equity at the end of the period is 704,838,564.40 CNY, an increase from 701,089,164.99 CNY at the beginning of the period, reflecting a change of approximately 0.11%[194]. Cash Flow - The net cash flow from operating activities was -19,121,131.80, a decrease from 20,881,911.74 in the previous year, primarily due to increases in inventory and accounts receivable[48]. - The cash flow from financing activities was not detailed, indicating a potential area for further analysis[179]. - The total cash outflow from operating activities increased to CNY 521.26 million in 2021, compared to CNY 502.60 million in 2020[175]. - The total cash and cash equivalents at the end of the period decreased to 10,961,866.57 RMB from 55,348,021.72 RMB at the beginning of the year, reflecting a net decrease of 44,386,155.15 RMB[179]. Market and Industry Context - The automotive industry saw a production and sales volume of 26.08 million and 26.27 million vehicles in 2021, representing year-on-year growth of 3.4% and 3.8% respectively, which is crucial for the company's market[28]. - The market for lead-acid batteries is under pressure from the rise of new energy vehicles, which accounted for over 3.5 million units sold in 2021, increasing their market share to 13.4%[28]. - The average gross margin for comparable listed companies in the lead-acid battery industry was approximately 15-18%, while the company's margins were below this average due to its smaller scale[29]. - The company is facing increased competition in the lead-acid battery market due to the rise of lithium-ion batteries and changing market dynamics[54]. Research and Development - The company developed 62 new product models and optimized 17 processes during the year, focusing on quality control and risk management[27]. - Research and development expenses totaled ¥1,962,668.43, accounting for 0.34% of operating revenue[44]. - Research and development investments increased by 30%, totaling $300 million, to support new technology initiatives[65]. Corporate Governance - The company has established a robust corporate governance structure, ensuring compliance with legal and regulatory requirements[60]. - The board of directors has been actively involved in decision-making, with independent directors providing oversight to protect shareholder interests[61]. - The supervisory board has effectively monitored financial practices and compliance of the management team[61]. - The company has implemented a performance evaluation and incentive mechanism to enhance employee motivation and accountability[61]. Environmental Compliance - The company has complied with environmental standards, but increasing regulatory scrutiny could impact production if environmental investments do not keep pace with new requirements[56]. - The company has implemented a wastewater treatment system that ensures compliance with pollution discharge standards, with a total wastewater discharge of approximately 17.75 m³/d from purification processes[89]. - The company has established a monitoring system for wastewater discharge, ensuring real-time compliance with environmental regulations[88]. - The company has committed to fulfilling social responsibilities, actively protecting the rights of stakeholders, and has released a social responsibility report in April 2022[110]. Future Outlook - The company plans to sell 3.45 million batteries in 2022, aiming for a revenue of 741 million yuan (excluding tax)[55]. - The company plans to adjust its accounting policies in accordance with the new leasing standards effective from January 1, 2021, with no significant impact expected on financial reports[117]. - The company is currently undergoing a major asset restructuring, which carries various risks including approval delays and potential changes in transaction terms[56].