表决结果：8 票同意，0 票反对，0 票弃权 特此公告。 证券代码：600854 股票简称：春兰股份 编号：临 2023-015 江苏春兰制冷设备股份有限公司 第十届董事会第九次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对 其内容的真实性、准确性和完整性承担个别及连带责任。 江苏春兰制冷设备股份有限公司 董 事 会 江苏春兰制冷设备股份有限公司（以下简称"公司"或"本公司"）于 2023 年 11 月 13 日以电话和电子邮件的方式发出召开第十届董事会第九次会议的通知，并于 2023 年 11 月 16 日以通讯方式召开了本次会议。会议应参加表决董事 8 人，实际参 加表决董事 8 人，均通过书面签字方式对本次会议的议案发表了意见，符合有关法 律、法规和《公司章程》的规定。本次会议审议通过如下议案： 审议通过《关于聘任公司总经理、财务负责人的议案》。 经公司董事长提名、公司董事会提名委员会审核通过，公司董事会同意聘任秦 晓军先生担任公司总经理兼财务负责人职务(简历附后)，任期自本次董事会审议通 过之日起至公司第十届董事会届满之日止。秦晓军先生不存在被中国证 ...

2023 年第三季度报告 证券代码：600854 证券简称：春兰股份 江苏春兰制冷设备股份有限公司 2023 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 | 年初至报告期末 | 年初至报告期 末比上年同期 | | --- | --- | --- | --- | --- | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 26,066,217.05 | -18.89 | 147,789,947.96 | -44.17 ...

证券代码：600854 证券简称：春兰股份 公告编号：2023-013 江苏春兰制冷设备股份有限公司 https://roadshow.sseinfo.com/） 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 江苏春兰制冷设备股份有限公司（以下简称"公司"）已于 2023 年 8 月 26 日发布公司 2023 年半年度报告，为便于广大投资者更全面深入地了解公司 2023 年半年度经营成果、财务状况，公司计划于 2023 年 09 月 21 日 下午 16:00-17:00 举行 2023 年半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2023 年半年度的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 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：2023 年 09 月 21 日 下午 16:00-17:00 （二） 会议 ...

Financial Performance - The company's operating revenue for the first half of 2023 was ¥121,723,730.91, a decrease of 47.66% compared to ¥232,552,550.38 in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2023 was ¥32,265,010.69, down 63.06% from ¥87,333,024.72 in the previous year[17]. - The net cash flow from operating activities was -¥36,481,382.60, a decline of 136.59% compared to ¥99,714,459.79 in the same period last year[17]. - The basic earnings per share for the first half of 2023 was ¥0.0621, a decrease of 63.06% from ¥0.1681 in the same period last year[18]. - The total operating income for the company in the first half of 2023 was 121.72 million, representing a decline of 47.66% year-on-year[28]. - The net profit attributable to the listed company was 32.27 million, a decrease of 63.06% year-on-year, primarily due to reduced real estate sales[28]. - The company's operating revenue for the current period is CNY 121.72 million, a decrease of 47.66% compared to CNY 232.55 million in the same period last year[29]. - The net profit attributable to the listed company is CNY 32.27 million, down 63.06% year-on-year, primarily due to a significant decline in property sales and unrecognized dividend income from the Taizhou power plant[30]. - The total profit for the first half of 2023 was CNY 49,289,836.28, a decrease of 60.4% from CNY 124,534,385.06 in the same period of 2022[84]. Assets and Liabilities - The total assets at the end of the reporting period were ¥2,354,093,426.78, a decrease of 2.50% from ¥2,414,551,402.12 at the end of the previous year[17]. - The total assets of the company at the end of the reporting period amount to 2,247,689,709.99 CNY, indicating a stable asset base despite the losses[97]. - The company's current assets totaled CNY 1,179,417,098.73, down from CNY 1,291,107,365.91 in the previous year, indicating a decline of approximately 8.66%[74]. - The total current liabilities decreased to CNY 207,950,607.91 from CNY 297,932,413.42, a decline of approximately 30.2%[75]. - Non-current liabilities increased to CNY 42,190,200.58 from CNY 27,179,266.87, reflecting an increase of about 55.3%[75]. - The total liabilities as of June 30, 2023, were CNY 93,968,385.28, compared to CNY 71,782,336.55 at the end of 2022, reflecting a rise in financial obligations[80]. Cash Flow - The net cash flow from operating activities for the first half of 2023 was -36,481,382.60 RMB, a significant decline compared to 99,714,459.79 RMB in the same period of 2022[89]. - Total cash inflow from operating activities decreased to 65,276,686.54 RMB, down 69.3% from 212,467,998.09 RMB year-over-year[89]. - The net cash flow from investing activities was 7,476,826.46 RMB, a turnaround from -444,578.79 RMB in the first half of 2022[89]. - The net cash flow from financing activities was -70,249,970.77 RMB, worsening from -52,691,460.93 RMB in the first half of 2022[90]. - The total cash and cash equivalents at the end of the period were 892,287,285.74 RMB, down from 962,414,291.96 RMB at the end of the first half of 2022[90]. Market and Sales Performance - In the first half of 2023, the company's air conditioning sales revenue was 26.17 million, a decrease of 23.95% year-on-year[27]. - The real estate sales revenue for the first half of 2023 was 69.88 million, down 58.61% compared to the previous year[28]. - The air conditioning industry saw production and sales growth of 14.2% and 12.7% respectively in the first half of 2023, indicating a strong market demand[24]. - The real estate market in Taizhou is experiencing a deep adjustment period, leading to weak demand and declining property prices[25]. - The company has paused the production of household air conditioners since 2016 and now relies on commissioned production due to low sales volume[23]. Shareholder Information - The company reported a total of 43,063 common shareholders as of the end of the reporting period[63]. - The largest shareholder, Chunlan (Group), holds 131,630,912 shares, representing 25.34% of the total shares[65]. - The second-largest shareholder, Taizhou Urban Construction Investment Group, holds 35,644,201 shares, accounting for 6.86%[65]. Corporate Governance and Compliance - The company has no significant litigation or arbitration matters during the reporting period[55]. - There were no non-operating fund occupation issues by controlling shareholders or related parties[54]. - The company has maintained a good integrity status with no significant debts due that remain unpaid[55]. - The company has implemented environmental monitoring and compliance measures, with no administrative penalties reported for environmental issues during the year[47]. Strategic Focus and Future Plans - The company is focusing on improving product sales and addressing market challenges to enhance overall competitiveness[27]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[85]. - The company has initiated new product development strategies aimed at enhancing market competitiveness and user satisfaction[96]. - The company plans to expand its market presence through strategic partnerships and potential acquisitions in the upcoming quarters[98]. Accounting Policies and Financial Reporting - The financial statements are prepared based on the actual transactions and events in accordance with the relevant accounting standards[110]. - The company adopts the equity method for accounting for mergers under common control[117]. - The company uses the purchase method for accounting for mergers not under common control[119]. - The company recognizes joint operations and joint ventures based on the rights and obligations defined in the agreements[123]. - Revenue is recognized when the company fulfills its performance obligations, which occurs when the customer gains control of the related goods[186].

证券代码：600854 证券简称：春兰股份 公告编号：2023-007 江苏春兰制冷设备股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 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 05 月 09 日(星期二) 至 05 月 15 日(星期 一)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 clgfzqb@chunlan.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。 江苏春兰制冷设备股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 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 05 月 16 日 下午 16:00-17:00 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 （一） 会议召 ...

2023 年第一季度报告 证券代码：600854 证券简称：春兰股份 一、 主要财务数据 江苏春兰制冷设备股份有限公司 2023 年第一季度报告 (一)主要会计数据和财务指标 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。 单位：元 币种：人民币 重要内容提示 | 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 | 90,783,243.89 | | -24.07 | | 归属于上市公司股东的净利润 | 23,535,719.95 | | -24.30 | | 归属于上市公司股东的扣除非经常 性损益的净利润 | 22,291,310.26 | | -27.60 | | 经营活动产生的现金流量净额 | -28,855,807.72 | | -150.43 | | 基本每股收益（元/股） | 0.0453 | | -24.37 | | 稀释每股收益（元/股） | 0.0453 | | -24.37 | | 加权平均净资产收益率（%） | 1. ...

Financial Performance - In 2022, the company achieved a net profit attributable to shareholders of RMB 122,863,121.99, representing a 23.81% increase compared to RMB 99,233,155.68 in 2021[5]. - The company's operating revenue for 2022 was RMB 281,827,121.13, up 19.49% from RMB 235,858,311.87 in 2021[24]. - The basic earnings per share for 2022 was RMB 0.2365, an increase of 23.82% from RMB 0.1910 in 2021[24]. - The overall annual revenue for 2022 was ¥28,182.71 million, representing a year-on-year growth of 19.49%, primarily due to increased sales from residential projects[35]. - The net profit attributable to shareholders for the year was ¥12,286.31 million, reflecting a year-on-year increase of 23.81% despite a decrease in dividend income from equity investments[35]. - The company reported a net loss of CNY 421,317,124.23 in 2022, improving from a net loss of CNY 494,831,674.06 in 2021[161]. - The company reported a total comprehensive income of ¥29,363,798.89 for 2022, compared to ¥83,945,476.18 in 2021, showing a decline of about 65.0%[172]. Cash Flow and Assets - The net cash flow from operating activities decreased by 69.35% to RMB 90,642,271.74 from RMB 295,727,196.53 in 2021[24]. - The total assets at the end of 2022 were RMB 2,414,551,402.12, a decrease of 1.56% from RMB 2,452,773,067.57 at the end of 2021[24]. - The company's total assets decreased to CNY 2,414,551,402.12 in 2022 from CNY 2,452,773,067.57 in 2021, a decline of about 1.6%[161]. - Total current assets decreased to CNY 1,291,107,365.91 in 2022 from CNY 1,386,464,619.00 in 2021, a decline of approximately 6.9%[159]. - Cash and cash equivalents increased to CNY 1,027,109,493.86 in 2022, up from CNY 943,341,648.93 in 2021, representing a growth of about 8.9%[159]. Market and Industry Trends - The domestic air conditioning market saw a total shipment of approximately 83.15 million units in 2022, a decline of 5.73% year-on-year, impacting the company's sales performance[36]. - The real estate market faced challenges in 2022, with a decline in development investment and sales, although government policies aimed at stimulating the market were introduced[37]. - The air conditioning market is facing insufficient internal demand and increasing external challenges, with a focus on product innovation such as new air conditioning technologies and smart solutions[71]. Dividends and Shareholder Returns - The company plans to distribute a cash dividend of RMB 1.15 per 10 shares, totaling RMB 59,737,731.87[5]. - The company distributed dividends totaling ¥49.35 million during the year, compared to ¥19.74 million in the previous year[179]. - The company has maintained a stable cash dividend policy, ensuring communication with shareholders regarding profit distribution plans[105]. Operational Challenges - The company experienced a cash flow from operating activities of ¥57,217,004.49 in Q1, which decreased to ¥42,497,455.30 in Q2, and turned negative in Q3 and Q4 with -¥1,689,310.53 and -¥7,382,877.52 respectively[26]. - Air conditioning product revenue decreased by 63.13% to CNY 58.28 million due to reduced shipment volumes[45]. - Real estate development costs surged by 2,541.55% to ¥49,519,929.14, representing 65.42% of total real estate costs[53]. Governance and Compliance - The company has established a robust corporate governance structure, ensuring clear responsibilities among the shareholders, board of directors, and management[78]. - The company has improved its information disclosure practices, ensuring transparency and compliance with legal requirements[81]. - The audit report highlighted the importance of identifying and evaluating risks of material misstatement due to fraud or error[156]. Future Outlook and Strategy - The company expects a moderate recovery in new home transaction volume in 2023, influenced by government measures and easing mortgage policies[72]. - The company aims to achieve a net profit attributable to shareholders of no less than 140 million yuan in 2023, although this target is subject to market conditions and uncertainties[74]. - The company is focusing on developing major clients to meet annual operational goals and enhance market presence through various promotional activities[74]. Environmental and Social Responsibility - The company has implemented a wastewater treatment process that includes "air flotation - chemical dosing - sedimentation" followed by biological treatment[118]. - The company has established emergency response plans for various environmental incidents, which have been approved by the relevant environmental authorities[121]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[123].

2022 年第三季度报告 证券代码：600854 证券简称：春兰股份 江苏春兰制冷设备股份有限公司 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 | | 年初至报告期 | | --- | --- | --- | --- | --- | | | | 上年同期增 | 年初至报告期末 | 末比上年同期 | | | | 减变动幅度 | | 增减变动幅度 | | | | (%) | | (%) | | 营业收入 | 32,138,460.76 | 21.27 | 264,691,011.1 ...

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 232,552,550.38, representing a 20.83% increase compared to RMB 192,469,535.89 in the same period last year[16]. - The net profit attributable to shareholders of the listed company reached RMB 87,333,024.72, a significant increase of 2,382.51% from RMB 3,517,934.63 in the previous year[16]. - The basic earnings per share for the first half of 2022 was RMB 0.1681, up 2,372.06% from RMB 0.0068 in the same period last year[17]. - The weighted average return on net assets increased to 4.0840%, up by 3.9129 percentage points compared to 0.1711% in the previous year[17]. - The company achieved operating revenue of CNY 232.55 million, a year-on-year increase of 20.83% due to the completion and sale of developed properties[27]. - The net profit attributable to shareholders reached CNY 87.33 million, representing a significant increase of 2382.51% compared to the previous year, driven by higher property sales profits and increased investment income from the Taizhou power plant[27]. Cash Flow and Assets - The net cash flow from operating activities was RMB 99,714,459.79, a decrease of 3.96% from RMB 103,826,511.40 in the same period last year[16]. - The total assets at the end of the reporting period were RMB 2,384,979,857.61, down 2.76% from RMB 2,452,773,067.57 at the end of the previous year[16]. - The company's cash and cash equivalents increased to RMB 998,185,459.97 from RMB 943,341,648.93, representing a growth of approximately 5.83%[72]. - The total assets as of June 30, 2022, amounted to RMB 2,384,979,857.61, a decrease from RMB 2,452,773,067.57 at the beginning of the period, reflecting a decline of approximately 2.76%[72]. - Current assets totaled RMB 1,289,933,943.66, down from RMB 1,386,464,619.00, indicating a decrease of about 6.97%[72]. Operating Costs and Expenses - The company reported a decrease in operating costs by 8.13%, from CNY 121.61 million to CNY 111.72 million[28]. - Sales expenses decreased by 73.83%, from CNY 30.22 million to CNY 7.91 million, indicating improved cost management[28]. - The company’s research and development expenses decreased by 20.09%, from CNY 423.13 thousand to CNY 338.10 thousand[28]. Market Conditions and Strategy - The real estate market is under pressure, with weak demand and falling prices, leading to fewer new sales contracts for the company[23]. - The company is focusing on enhancing its market sensitivity and implementing flexible promotional activities to adapt to the real estate market's challenges[26]. - The company plans to adjust its pricing strategy and target quality customers to achieve its annual operational goals[26]. Shareholder Information - The company reported a total of 41,506 common shareholders as of the end of the reporting period[63]. - The largest shareholder, Chunlan (Group) Company, holds 131,630,912 shares, representing 25.34% of the total shares[65]. - The second-largest shareholder, Taizhou Urban Construction Investment Group Co., Ltd., holds 35,644,201 shares, accounting for 6.86%[65]. Risk Management and Compliance - The company has not identified any significant risk events during the reporting period[6]. - The company has implemented environmental monitoring and has not faced any administrative penalties related to environmental issues during the reporting period[51]. - The company has established emergency response plans for environmental incidents and conducts regular drills to ensure timely responses[48]. Investment Income - Investment income amounted to 23,014,015.06 yuan, primarily from dividend income on other equity investments, indicating a sustainable source of profit[31]. - The company reported an investment income of ¥23,014,015.06 for the first half of 2022, compared to a loss of ¥1,608,456.31 in the same period of 2021[80]. Financial Position - The total liabilities decreased to RMB 352,102,634.32 from RMB 498,602,742.40, a decline of about 29.39%[74]. - The company's equity attributable to shareholders increased to RMB 2,173,539,502.75 from RMB 2,102,988,078.47, showing an increase of approximately 3.30%[74]. - The company’s total liabilities and equity at the end of the current period reflect a stable financial position despite the fluctuations in profits[97]. Accounting Policies and Practices - The company adheres to the accounting standards and principles, ensuring the accuracy and completeness of its financial statements[107]. - The company has confirmed that it does not have any significant changes in accounting policies or estimates during the reporting period[193]. - The company recognizes financial assets or liabilities when it becomes a party to a financial instrument contract[123]. Bad Debt and Receivables - The total accounts receivable at the end of the period amounted to CNY 5,281,447.75, with a bad debt provision of CNY 122,796.46, representing 2.33% of the total[197]. - The company has a total bad debt provision of CNY 122,796.46, which is a decrease from the previous period's provision of CNY 672,260.99[199]. - The overall bad debt provision ratio has improved, reflecting better credit management practices[197].

Financial Performance - In 2021, the company achieved a net profit attributable to shareholders of 99,233,155.68 yuan, representing a 149.09% increase compared to 39,838,468.47 yuan in 2020[5]. - The company's operating income for 2021 was 235,858,311.87 yuan, a decrease of 7.66% from 255,424,660.86 yuan in 2020[20]. - The net cash flow from operating activities surged to 295,727,196.53 yuan, a significant increase of 790.31% compared to 33,216,378.32 yuan in 2020[20]. - The basic earnings per share for 2021 were 0.1910 yuan, up 149.02% from 0.0767 yuan in 2020[21]. - The weighted average return on equity increased to 4.7357% in 2021, up by 2.7612 percentage points from 1.9745% in 2020[21]. - The company achieved a year-on-year revenue decrease of 7.66% for the reporting period, totaling CNY 235.86 million, while net profit attributable to shareholders increased by 149.09% to CNY 99.23 million[31]. - The net profit attributable to the parent company was CNY 99.23 million, an increase of 149.09% year-on-year, while the net profit after deducting non-recurring gains and losses was CNY 97.35 million, up 158.92%[39]. - The company reported a net profit of ¥64,302,525.24 for the period, reflecting a significant increase compared to the previous year[194]. Assets and Liabilities - The total assets of the company at the end of 2021 were 2,452,773,067.57 yuan, reflecting a 10.81% increase from 2,213,551,515.63 yuan in 2020[20]. - The company's total assets reached CNY 2.45 billion, reflecting a growth of 10.81% from the end of the previous year[39]. - Total liabilities rose to ¥498,602,742.40 in 2021, compared to ¥304,877,853.39 in 2020, reflecting an increase of approximately 63.5%[161]. - The company's equity attributable to shareholders increased to ¥2,102,988,078.47 in 2021, up from ¥2,057,320,379.17 in 2020, a growth of 2.2%[162]. - The total liabilities at the end of the period were not explicitly stated but are implied to have increased due to the reported losses[186]. Cash Flow - The company reported a net cash flow from operating activities of CNY 295.73 million, a substantial increase of 790.31% year-on-year, attributed to higher sales of inventory and pre-sale funds from real estate[41]. - Cash flow from operating activities increased significantly to CNY 295.73 million, up 790.31% compared to CNY 33.22 million in the previous period, primarily due to increased sales of inventory products and pre-sale collections from real estate[61]. - The company reported a net cash inflow from investment activities amounted to ¥118,971,759.50, a significant increase from ¥91,597,978.51 in the previous year, representing a growth of approximately 29.9%[176]. - The net cash outflow from financing activities was ¥22,739,424.64, compared to a net outflow of ¥20,778,341.52 in the previous year, indicating an increase of about 9.5%[176]. Market and Competition - The company is facing increased competition in the air conditioning market, with profit margins being squeezed due to rising costs and declining domestic demand growth[32]. - The company continues to face challenges in the air conditioning market due to high material costs and competitive pressures, impacting its market share[35]. - The company is actively expanding its marketing channels and optimizing its sales processes to enhance customer engagement and sales performance[30]. - The company plans to enhance its air conditioning sales through multi-channel strategies and by developing provincial agents in untapped areas[71]. Dividends and Shareholder Information - The company proposed a cash dividend of 0.95 yuan per 10 shares, totaling 49,348,561.11 yuan to be distributed to shareholders[5]. - The proposed cash dividend for 2020 is 0.38 yuan per 10 shares, totaling 19,739,424.64 yuan distributed to shareholders[103]. - The total number of ordinary shareholders increased from 34,241 to 39,586 during the reporting period, representing a growth of approximately 15.5%[136]. - The largest shareholder, Chunlan Group, holds 131,630,912 shares, accounting for 25.34% of the total shares[138]. Research and Development - The total R&D expenditure was ¥915,329.58, accounting for 0.388% of the operating revenue[54]. - Research and development investments increased by 30%, focusing on innovative cooling technologies[87]. - The company has developed new air conditioning products that meet the new energy efficiency standards, although rising material costs have impacted pricing strategies[29]. Environmental Compliance - The company is a key pollutant discharge unit, with specific pollutant discharge limits established, including 28.8 tons of COD and 2.592 tons of ammonia nitrogen[111]. - The company has implemented a wastewater treatment process involving "flotation - dosing - sedimentation," ensuring compliance with municipal sewage standards[113]. - The company conducted internal monitoring of wastewater treatment and quarterly third-party testing, confirming all emissions meet regulatory standards[116]. - No administrative penalties were incurred due to environmental issues during the reporting period, reflecting strict adherence to environmental regulations[117]. Corporate Governance - The company emphasizes the importance of maintaining a robust corporate governance structure to protect shareholder rights and ensure compliance with regulations[75]. - The board of directors held 11 meetings during the reporting period, discussing various financial reports and strategic decisions[95]. - The company has implemented a performance evaluation mechanism for senior management, linking their compensation to company performance, with no annual bonuses awarded due to losses in the main air conditioning business[106]. Future Outlook - The company anticipates a gradual recovery in the real estate market in the second half of 2022, following a period of price promotions and local construction initiatives[68]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[86]. - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[179].