关于 远东智慧能源股份有限公司 向特定对象发行股票并在主板上市 之 申万宏源证券承销保荐有限责任公司 发行保荐书 保荐人（主承销商） 二〇二三年八月 远东智慧能源股份有限公司 向特定对象发行股票发行保荐书 申万宏源证券承销保荐有限责任公司（以下简称"申万宏源承销保荐"、 "本保荐人"）接受远东智慧能源股份有限公司（以下简称"发行人"、"公 司"、"远东股份"）的委托，担任其向特定对象发行股票并在主板上市（以下 简称"本次发行"）的保荐人。 本保荐人及相关保荐代表人已根据《中华人民共和国公司法》（以下简称 "《公司法》"）、《中华人民共和国证券法》（以下简称"《证券法》"）、《证 券发行上市保荐业务管理办法》《上市公司证券发行注册管理办法》（以下简称 "《注册办法》"）、《保荐人尽职调查工作准则》等有关法律、法规和中国证监 会及上海证券交易所的有关规定，诚实守信，勤勉尽责，严格按照依法制定的业 务规则、行业执业规范和道德准则出具发行保荐书，并保证所出具文件的真实性、 准确性和完整性。 3-1-1 保荐代表人唐品的保荐业务执业情况：唐品，保荐代表人，现任申万宏源证 券承销保荐有限责任公司执行总经理。曾主持或参与的 ...

一、审计意见 我们审计了远东智慧能源股份有限公司（以下简称远东股份）财务报表，包括2022 年12月31日的合并及母公司资产负债表，2022年度的合并及母公司利润表、合并及母公 司现金流量表、合并及母公司所有者权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制，公允反 映了远东股份2022年12月31日的合并及母公司财务状况以及2022年度的合并及母公司 6-1-1 公证天业会计师事务所(特殊普通合伙) Gongzheng Tianye Certified Public Accountants, SGP 中国 . 江苏 . 无锡 Wuxi . Jiangsu . China 传真：86（510）68567788 Fax：86（510）68567788 远东智慧能源股份有限公司全体股东： 二、形成审计意见的基础 我们按照中国注册会计师审计准则的规定执行了审计工作。审计报告的"注册会计 师对财务报表审计的责任"部分进一步阐述了我们在这些准则下的责任。按照中国注册 会计师职业道德守则，我们独立于远东股份，并履行了职业道德方面的其他责任。我们 相信，我们获取的审计证据是 ...

申万宏源证券承销保荐有限责任公司 关于 远东智慧能源股份有限公司 向特定对象发行股票并在主板上市 之 上市保荐书 保荐人 二〇二三年八月 远东智慧能源股份有限公司 向特定对象发行股票上市保荐书 申万宏源证券承销保荐有限责任公司及其保荐代表人已根据《中华人民共和 国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下简称"《证 券法》"）、《证券发行上市保荐业务管理办法》、《上市公司证券发行注册管理办法》、 《上海证券交易所股票上市规则》等法律法规和中国证监会及上海证券交易所的 有关规定，诚实守信，勤勉尽责，严格按照依法制定的业务规则和行业自律规范 出具上市保荐书，并保证所出具文件真实、准确、完整。 现将有关情况报告如下： 3-2-1 远东智慧能源股份有限公司 向特定对象发行股票上市保荐书 一、发行人基本情况 （一）基本资料 1、公司名称：远东智慧能源股份有限公司 2、英文名称：Far East Smarter Energy Co.,Ltd. 3、注册资本：2,219,352,746 元 4、注册地：青海省西宁市城东区南山东路 7 号创新创业大厦 12 楼 1202-8 1、合并资产负债表主要数据 ...

股票简称：远东股份 股票代码：600869 远东智慧能源股份有限公司 （青海省西宁市城东区南山东路7号创新创业大厦12楼1202-8） 向特定对象发行股票 募集说明书 （申报稿） 保荐人（主承销商） （新疆乌鲁木齐市高新区（新市区）北京南路 358 号 大成国际大厦 20 楼 2004 室） 二〇二三年八月 远东智慧能源股份有限公司 向特定对象发行股票募集说明书 声 明 本公司及全体董事、监事、高级管理人员承诺募集说明书及其他信息披露资 料不存在任何虚假记载、误导性陈述或重大遗漏，并对其真实性、准确性及完整 性承担相应的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人保证募集说明书中财务 会计资料真实、完整。 中国证监会、交易所对本次发行所作的任何决定或意见，均不表明其对申请 文件及所披露信息的真实性、准确性、完整性作出保证，也不表明其对发行人的 盈利能力、投资价值或者对投资者的收益作出实质性判断或保证。任何与之相反 的声明均属虚假不实陈述。 根据《证券法》的规定，证券依法发行后，发行人经营与收益的变化，由发 行人自行负责。投资者自主判断发行人的投资价值，自主作出投资决策，自行承 担证券依法发行后因 ...

证券代码：600869 股票简称：远东股份 编号：临 2023-036 远东智慧能源股份有限公司 关于参加青海辖区上市公司 2023 年投资者网上集体 接待日暨 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： ●会议时间：2023 年 6 月 2 日（星期五）14:00-17:00 ●会议地点："全景路演"（https://rs.p5w.net） ●会议召开方式：网络在线交流形式 为进一步加强与投资者的互动交流，远东智慧能源股份有限公司(以下简称 "公司")将参加由青海证监局、青海证券业协会与深圳市全景网络有限公司联 合举办的"2023 年青海辖区上市公司投资者集体接待日暨 2022 年度业绩说明会 活动"，现将相关事项公告如下： 一、活动概况 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP 参与本次互动交流，活动时间为 2023 年 6 月 2 日（星期五）14:00- ...

Financial Performance - The company achieved operating revenue of RMB 4.31 billion in Q1 2023, representing a year-on-year increase of 2.83%[57]. - Net profit attributable to shareholders reached RMB 120.40 million, a 39.01% increase compared to the same period last year[57]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 104.85 million, up 156.16% year-on-year[57]. - The net profit for the current period is 130,805,740.92, an increase from 94,095,258.69 in the previous period, representing a growth of approximately 38.9%[66]. - The total profit for the current period is 166,744,745.43, compared to 126,669,092.61 in the previous period, indicating an increase of about 31.7%[66]. - The basic earnings per share for the current period is 0.0542, compared to 0.0390 in the previous period, showing an increase of about 38.5%[66]. - The total comprehensive income for the current period is 130,934,142.26, compared to 94,092,501.50 in the previous period, representing an increase of approximately 39.2%[66]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 1,993,365.33 million, an increase of 4.56% compared to the end of the previous year[25]. - The total liabilities as of March 31, 2023, were CNY 15,363,657,400.21, compared to CNY 14,630,709,140.04 at the end of 2022, marking an increase of about 5.0%[43]. - As of March 31, 2023, the total current assets amounted to CNY 14,578,253,396.80, an increase from CNY 13,922,471,684.74 as of December 31, 2022, representing a growth of approximately 4.7%[42]. - The company's cash and cash equivalents increased to CNY 4,447,668,081.32 from CNY 4,318,448,136.57, reflecting a rise of about 3.0%[41]. - Inventory levels rose to CNY 2,966,402,658.66, up from CNY 2,573,920,543.84, indicating an increase of approximately 15.3%[42]. - The accounts receivable increased to CNY 4,360,329,510.88 from CNY 4,318,079,251.88, reflecting a growth of about 1.0%[41]. - The company's contract assets rose to CNY 1,001,596,791.65 from CNY 944,240,888.64, indicating an increase of approximately 6.1%[42]. - The long-term equity investments slightly increased to CNY 33,131,354.43 from CNY 32,823,193.44, showing a growth of about 0.9%[42]. Shareholder Information - The equity attributable to shareholders of the listed company was CNY 443,540.67 million, reflecting a growth of 3.03% year-on-year[25]. - The total number of common stock shareholders at the end of the reporting period was 72,543[7]. - The largest shareholder, Far East Holding Group Co., Ltd., holds 47.69% of the shares, with 843,510,000 shares pledged[7]. - The total equity attributable to shareholders increased to CNY 4,435,406,744.26 from CNY 4,304,791,044.11, showing a growth of approximately 3.0%[43]. Research and Development - Research and development investment amounted to RMB 135 million, reflecting a year-on-year growth of 19.78%[57]. - The company has developed a comprehensive product matrix including square, cylindrical, and soft-pack battery cells, focusing on energy storage R&D and industrialization projects[60]. - The company is enhancing its lithium battery copper foil production, targeting rapid increases in output for 5μm and 6μm copper foils[60]. - The company has established partnerships with Xi'an Jiaotong University and Harbin Engineering University for research and development in submarine cable materials and technology[9]. Projects and Production - The smart cable network business achieved a contract order volume of CNY 6.515 billion, representing a year-on-year increase of 26.54%[9]. - The company’s smart battery segment saw a significant contract order volume of CNY 615 million, up 369.45% year-on-year[12]. - The Far East Communications optical fiber project is on track for production in Q3 2023[10]. - The company is advancing the digital transformation project at the Yixing cable base, expected to reach full production by Q2 2023[10]. - The high-end marine cable industry base project has been included in Jiangsu Province's major projects, focusing on the development of 500kV AC and ±535kV DC submarine cables[9]. - The company plans to commence production at the Yibin Smart Industrial Base in the second quarter of 2023[37]. - The company is advancing the Far East high-end marine cable industrial base, expected to commence production in 2023[58]. Cash Flow and Expenses - The net cash flow from operating activities was RMB 22.37 million, a decrease of 12.77% compared to the previous year[51]. - The net cash flow from investment activities is -54,793,529.29, a decrease from 24,772,104.91 in the previous period[68]. - The cash and cash equivalents at the end of the period amount to 1,434,806,942.75, up from 1,127,557,319.03 at the beginning of the period, reflecting an increase of approximately 27.2%[68]. - The cash outflow from financing activities is 2,908,344,902.26, compared to 3,179,107,945.78 in the previous period, showing a decrease of about 8.5%[68]. - The company reported a tax expense of 35,939,004.51, an increase from 32,573,833.92 in the previous period, reflecting a rise of approximately 10.5%[66]. - The company reported a decrease in cash received from investment recovery to RMB 12.61 million, down from RMB 24.63 million in the previous year[51]. - The other comprehensive income after tax for the current period is 128,401.34, compared to -2,757.19 in the previous period, indicating a positive turnaround[66].

远东智慧能源股份有限公司 关于参加沪市特高压行业上市公司 2022 年年报 集体业绩暨 2023 年第一季度业绩 暨现金分红说明会的公告 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： 证券代码：600869 股票简称：远东股份 编号：临 2023-019 投资者可于 2023 年 4 月 19 日（星期三）至 4 月 24 日（星期一）16:00 前 登 录 上 证 路 演 中 心 首 页 点 击 " 提 问 预 征 集 " 栏 目 或 通 过 公 司 邮 箱 87249788@600869.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。 远东智慧能源股份有限公司（以下简称"公司"）已于 2023 年 4 月 18 日披 露了公司 2022 年年度报告，并拟于 2023 年 4 月 25 日披露公司 2023 年第一季度 报告，为便于广大投资者更全面深入地了解公司度经营成果、财务状况，同时更 加充分地向投资者展示特高压行业发展情况，公司拟于 2023 年 4 月 25 日 15:00-1 ...

Financial Performance - The company achieved operating revenue of 21.68 billion RMB, a year-on-year increase of 3.87%, and a net profit attributable to shareholders of 552 million RMB, up 3.98%, both reaching historical highs[2] - The company's net profit excluding non-recurring gains and losses was 419 million RMB, a year-on-year increase of 32.20%, also a record high[2] - The company achieved a total revenue of RMB 2,162,301.92 million, representing a year-on-year increase of 4.03%[68] - The gross profit margin for the smart cable business decreased by 0.46 percentage points to 13.13%[68] - The smart battery segment reported a significant decline in revenue, down 50.30% year-on-year, with a gross profit margin of -6.26%[68] - Financial expenses decreased by 29.8% year-on-year, mainly due to an increase in interest income[73] - Income tax expenses decreased by 49.17% year-on-year, primarily due to increased R&D expense deductions and recognition of deferred tax assets for deductible losses[73] - The company reported a net cash inflow from operating activities of 323 million yuan, a decrease of 70.72% year-on-year, primarily due to increased payments to suppliers[124] Research and Development - Research and development investment reached 665 million RMB, an increase of 25.38% year-on-year, reinforcing the company's competitive advantage[21] - The company has established provincial-level engineering technology research centers and holds over twenty patents in lithium battery copper foil technology[62] - The total R&D investment for the period is approximately ¥664.99 million, representing 3.07% of operating revenue[92] - The company has no capitalized R&D investment during the reporting period[92] - The company has a total of 379 R&D personnel, accounting for 4.62% of the total workforce[84] - The educational background of R&D personnel includes 4 PhDs, 59 Master's degrees, and 185 Bachelor's degrees[84] - The company is focusing on R&D personnel changes, which may significantly influence future development strategies[108] - The company plans to expand its market presence and enhance product offerings through ongoing R&D efforts[108] - The company aims to enhance its core competitiveness by accelerating technological, marketing, and management innovations, optimizing product structure, and improving governance and talent reserves[118] Market Expansion and Strategy - The company is advancing the "cable-storage integration" strategy by leveraging its strong commercial customer base and nationwide marketing service team[2] - The company plans to expand its commercial and power generation energy storage markets by leveraging its strong customer base and nationwide marketing service team[62] - The company is actively involved in various subsidiaries and partnerships, indicating a strategy for market expansion[77][80] - The company is actively pursuing mergers and acquisitions to strengthen its market position and operational capabilities[108] - The company aims to leverage new technologies in its product development to drive future growth[108] - The company is focusing on expanding its market share in the aviation sector, particularly in smart airport projects and EPC contracting[173] - The company is committed to enhancing its competitive edge through improved engineering quality and innovation capabilities[173] Industry Trends and Outlook - The company continues to strengthen its presence in the clean energy industry, focusing on wind, solar, nuclear, and hydropower sectors[52] - The demand for lithium-ion batteries is expected to continue stable growth, driven by the green economy and carbon neutrality goals, with a projected 97% year-on-year increase in domestic large-scale energy storage installations in 2023[130] - GGII forecasts that China's lithium battery market shipment will exceed 1TWh by 2023, with energy storage battery shipments expected to surpass 180GWh[130] - The lithium battery copper foil market is projected to see a compound annual growth rate (CAGR) of over 40% from 2021 to 2025, with shipments expected to exceed 1.1 million tons by 2025[131] - The company anticipates significant growth in the offshore wind cable market, with a projected market size of 46 billion yuan by 2025, reflecting a CAGR of 77.26% from 2022 to 2025[129] - The domestic commercial energy storage installation capacity is expected to reach 18.4GWh by 2025, with a CAGR of 92% from 2022 to 2025[130] Governance and Management - The company has maintained a governance structure that ensures clear responsibilities among the board, supervisory board, and management[94] - The company has established various specialized committees within its board, including an audit committee and a strategic committee, to enhance governance[117] - The company has a strategic compensation system for senior management to ensure sustainable and healthy development[81] - The company has a structured decision-making process for the remuneration of directors and senior management, ensuring alignment with shareholder interests[81] - The board of directors held a total of 10 meetings, with all members attending in person for most sessions[85] - There were six shareholder meetings held in 2022, with resolutions published on the designated website[94] Investment and Financial Position - The company reported a significant increase in construction projects, with an investment of approximately ¥832.77 million, representing a 466.29% increase compared to the previous period[110] - Long-term borrowings increased dramatically to ¥825.6 million, a staggering 6,780% rise, indicating substantial financing activities[110] - The company included Saintda Electric in its consolidated financial statements, which contributed to a notable change in other payables, rising to ¥813.61 million, a 33.90% increase[110] - The company’s long-term payables rose by 110.24% to ¥671.79 million, reflecting increased financing lease activities[110] - The company’s cash flow situation was highlighted, indicating potential impacts on future operations[108] - The total amount of guarantees provided by the company is 932,447.06 million, with 268,185.59 million for debt guarantees exceeding 70% asset-liability ratio and 664,261.47 million exceeding 50% of net assets[181] Risks and Challenges - The company faces risks from macroeconomic downturns and increased competition in the cable industry, which may impact market demand[175] - The company is closely monitoring national policy changes that could impact its business operations and is prepared to adjust its strategies accordingly[120]

Financial Performance - The company's operating revenue for Q3 2022 was RMB 597,186.37 million, representing a year-on-year increase of 1.38%[7] - The net profit attributable to shareholders for the same period was RMB 14,094.38 million, up 16.82% year-on-year[7] - The net profit after deducting non-recurring gains and losses was RMB 9,224.75 million, showing a decrease of 11.40% compared to the previous year[7] - The basic earnings per share for Q3 2022 was RMB 0.0635, reflecting a 16.82% increase year-on-year[7] - Total revenue for the first three quarters of 2022 reached ¥15,937,204,805.94, an increase of 6.7% compared to ¥14,936,345,471.63 in the same period of 2021[37] - Net profit for the first three quarters of 2022 was ¥512,240,314.60, compared to ¥446,895,088.78 in 2021, representing a growth of 14.6%[41] - The total comprehensive income for the period attributable to the parent company's owners was CNY 488,495,362.81, an increase from CNY 422,505,797.42 in the previous year, representing a growth of approximately 15.6%[43] - Basic and diluted earnings per share were both CNY 0.2203, up from CNY 0.1904 in the same period last year, indicating an increase of about 6.5%[43] Assets and Liabilities - The total assets at the end of the reporting period amounted to RMB 1,947,336.31 million, an increase of 10.58% from the end of the previous year[9] - The total assets increased to ¥19,473,363,108.60 from ¥17,609,547,119.61, marking a growth of 10.6%[36] - Total liabilities rose to ¥15,136,358,052.96, up from ¥13,779,893,428.81, indicating an increase of 9.8%[36] - The company's equity attributable to shareholders increased to ¥4,227,241,463.26 from ¥3,738,746,100.45, reflecting a growth of 13.1%[36] Cash Flow - The net cash flow from operating activities for the year-to-date was RMB 5,595.56 million, down 89.82% year-on-year due to rising raw material prices and increased receivables[10] - The cash flow from operating activities was 56 million RMB, with a period expense ratio of 9.49%, down 1.04 percentage points year-on-year, indicating improved operational efficiency[20] - Cash inflows from operating activities totaled CNY 16,832,666,712.46, compared to CNY 15,242,303,363.24 in the previous year, reflecting a growth of approximately 10.4%[45] - The net cash flow from operating activities was CNY 55,955,554.89, a slight decrease from CNY 549,929,227.01 in the previous year[49] - Cash inflows from investment activities were CNY 723,051,237.81, while cash outflows were CNY 456,621,794.29, resulting in a net cash flow from investment activities of CNY 266,429,443.52, compared to a negative cash flow of CNY 288,180,293.82 in the previous year[49] - Cash inflows from financing activities totaled CNY 6,305,037,216.18, while cash outflows were CNY 6,428,717,322.24, leading to a net cash flow from financing activities of CNY -123,680,106.06, an improvement from the previous year's net outflow of CNY -395,245,709.66[49] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 60,572, with the largest shareholder holding 47.69% of the shares[14] Research and Development - Research and development investment reached 459 million RMB, a year-on-year increase of 21.72%, reinforcing the company's technological leadership[20] - Research and development expenses for the period were ¥458,849,381.56, compared to ¥376,969,472.36 in the previous year, an increase of 21.7%[41] Business Segments - The intelligent cable network business generated operating revenue of 14.630 billion RMB, a year-on-year growth of 11.76%, with a net profit of 646 million RMB, increasing by 25.01%[21] - The lithium battery segment reported operating revenue of 393 million RMB, a year-on-year decline of 11.39%, while net profit improved by 83 million RMB to a loss of 191 million RMB[24] - The company secured contracts worth 15.712 billion RMB for projects over 10 million RMB, marking a 50.25% increase year-on-year, which supports the improvement in operational performance[21] Future Outlook - The company expects to supply 15,000 to 20,000 units of home energy storage systems to Europe in 2023, with a total contract value of approximately 400 million RMB over three years[24] - The high-precision lithium battery copper foil project is on track for production in the first quarter of 2023[25] - The company is advancing the high-end marine cable industry base project, expected to commence production by the end of 2023[21] - The company is currently involved in 73 airport projects across 18 provinces and 7 countries, enhancing its core competitiveness in the aviation sector[26] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[41]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the first half of 2022, representing a year-on-year increase of 15%[19]. - Net profit attributable to shareholders reached 150 million RMB, up 10% compared to the same period last year[19]. - The company's operating revenue for the first half of the year reached ¥9,965,341,124.37, representing a 10.16% increase compared to the same period last year[22]. - Net profit attributable to shareholders was ¥347,959,998.58, marking a 15.27% increase year-over-year[22]. - The company's operating revenue for the current period was approximately CNY 996.53 million, representing a year-on-year increase of 10.16% compared to CNY 904.60 million in the same period last year[60]. - The company achieved a revenue of 9.965 billion yuan, a year-on-year increase of 10.16%, and a net profit of 360 million yuan, up 12.81%, both reaching historical highs[48]. - The intelligent cable network generated a revenue of 9.069 billion yuan, with a year-on-year growth of 15.44%, and a net profit of 450 million yuan, increasing by 43.59%[49]. - The net profit for the first half of 2022 was ¥359,986,565.29, compared to ¥319,119,857.03 in the previous year, representing a growth of 12.83%[176]. Assets and Liabilities - The company’s total assets increased to 5 billion RMB, reflecting a growth of 8% from the end of 2021[19]. - The company's total assets increased by 10.35% to ¥19,431,515,917.77 compared to the end of the previous year[22]. - Total assets increased to RMB 19,431,515,917.77, up from RMB 17,609,547,119.61, representing a growth of approximately 10.3%[163]. - Total liabilities reached RMB 15,246,365,295.50, a rise of 10.3% from RMB 13,779,893,428.81[165]. - The company's equity attributable to shareholders increased to RMB 4,086,696,965.21, up from RMB 3,738,746,100.45, representing a growth of 9.3%[165]. Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 25% market share by 2025[19]. - Future guidance indicates a projected revenue growth of 18% for the second half of 2022, driven by increased demand in renewable energy solutions[19]. - The company plans to leverage the growing demand for smart energy and smart city services, aiming to become a global leader in these sectors[28]. - The company plans to continue focusing on market expansion and new product development as part of its future strategy[180]. Research and Development - The company has allocated 100 million RMB for research and development in new technologies for energy efficiency[19]. - The company’s R&D investment was 258 million yuan, reflecting a year-on-year increase of 12.52%, maintaining a technological leadership advantage[48]. - Research and development expenses rose by 12.52% to CNY 25.79 million, reflecting the company's commitment to increasing R&D investment[60]. - Research and development expenses for the first half of 2022 were ¥257,928,963.53, up from ¥229,220,765.27, showing an increase of 12.54%[176]. Environmental Compliance - The total wastewater discharge is 6,960 tons per year, meeting the discharge standards without exceeding limits[95]. - The total air pollutant discharge is 0.778 tons per year, with concentrations meeting the secondary standards for non-methane total hydrocarbons[95]. - The company has established a "living wastewater treatment system" to ensure compliance with environmental discharge standards[97]. - The company has received no administrative penalties for environmental issues during the reporting period[102]. - The company has implemented a strict energy management system and has been recognized as a green company, focusing on energy-saving technologies and practices[106]. Shareholder and Governance - The company will not distribute profits or increase capital reserves in the first half of 2022, maintaining a focus on reinvestment[87]. - The first employee stock ownership plan aims to raise up to CNY 500 million, involving approximately 1,000 employees from the company and its subsidiaries[89]. - The company ensures independence in operations, finance, assets, and personnel to protect the interests of minority shareholders[111]. - Major shareholders will not transfer shares for 12 months post-issuance, with subsequent reductions capped at 25% for the next 36 months, and 5% thereafter[114]. Legal and Litigation Matters - The company has faced significant litigation, including a dispute with Sanpu Pharmaceutical regarding a capital contribution, with a final ruling allowing Sanpu to withdraw its appeal[118]. - The company is pursuing legal action against former representatives of its subsidiary, Shengda Electric, for obstructing annual audit processes, impacting financial reporting[117]. - The company has outstanding receivables of 50 million yuan from Xizang Rong'en Technology, stemming from a 2015 equity transfer agreement[118]. - The company has incurred litigation costs of approximately 3.615 million yuan in relation to the aforementioned equity transfer dispute[118]. Cash Flow and Financing - The company reported a net cash flow from operating activities of -¥199,828,788.23, a significant decrease of 238.61% compared to the previous year[22]. - The company reported a net cash flow from financing activities of CNY 30.39 million, a significant increase compared to CNY -5.85 million in the previous year, mainly due to increased borrowings[64]. - Cash inflow from financing activities totaled ¥5,459,019,707.74, an increase from ¥5,112,178,092.55 in the prior period, reflecting a growth of approximately 6.8%[188]. - Net cash flow from financing activities was positive at ¥303,909,233.46, recovering from a negative cash flow of ¥58,489,831.33 in the previous period[188].