关于为子公司上海庞源机械租赁有限公司在上 海银行股份有限公司办理 10000 万元流动资金 贷款提供连带责任保证担保的公告 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： 证券代码：600984 证券简称：建设机械 公告编号：2023-032 被担保人名称：上海庞源机械租赁有限公司 本次担保金额及累计为其担保金额：本次公司拟为子公司上海庞源机械租赁有限 公司提供人民币 10,000 万元连带责任保证担保，本次担保前公司累计为其提供担保金 额为人民币 142,870.03 万元。 本次是否有反担保：无反担保 对外担保逾期的累计数量：无 一、担保情况概述 1、本次担保基本情况 陕西建设机械股份有限公司（以下简称"公司"）全资子公司上海庞源机械租赁有 限公司（以下简称"庞源租赁"）为了保证日常资金周转，拟向上海银行股份有限公司 卢湾支行（以下简称"上海银行"）申请办理 10,000 万元银行流动资金贷款，期限 1 年， 利率 3.30%，需由公司提供连带责任保证担保。经审查该笔担保事项符合公司《对外担 保管理制 ...

证券代码：600984 证券简称：建设机械 公告编号：2023-037 陕西建设机械股份有限公司 关于召开 2023 年第一次临时股东大会的通知 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： 股东大会召开日期：2023年9月1日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的方 式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2023 年 9 月 1 日 14 点 00 分 召开地点：西安市金花北路 418 号公司一楼会议室 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 一、 召开会议的基本情况 (一) 股东大会类型和届次 2023 年第一次临时股东大会 网络投票起止时间：自 2023 年 9 月 1 日 至 2023 年 9 月 1 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东大会 召开 ...

Financial Performance - The net profit attributable to shareholders for 2022 was -44,691,332.77 RMB, a decrease of 111.93% compared to the previous year[4]. - Operating revenue for 2022 was 3,887,667,784.22 RMB, down 17.71% from 4,724,616,257.82 RMB in 2021[24]. - The net profit attributable to shareholders of the parent company was -44.69 million yuan, representing a year-on-year decline of 111.93%[32]. - The basic and diluted earnings per share for 2022 were -0.0356 yuan, a decrease of 109.19% from 0.3874 yuan in 2021[25]. - The weighted average return on net assets was -0.73%, down 6.97 percentage points from 6.24% in 2021[25]. - The company achieved total operating revenue of 3,887.67 million yuan in 2022, a decrease of 17.71% compared to 2021[32]. - In 2022, the company achieved a main business revenue of CNY 3.87 billion, a decrease of 17.75% compared to the previous year[51]. - The leasing business revenue for the year was CNY 3.65 billion, down 19.27% year-on-year, with construction product leasing revenue decreasing by 17.97% to CNY 3.53 billion[51]. Cash Flow and Assets - The net cash flow from operating activities increased significantly to 264,649,471.97 RMB, a rise of 1,002.85% compared to 23,996,850.07 RMB in 2021[24]. - Total assets at the end of 2022 were 17,991,636,117.22 RMB, reflecting a 2.21% increase from 17,602,567,240.94 RMB in 2021[24]. - The asset-liability ratio at year-end was 66.60%[4]. - The net assets attributable to shareholders decreased by 1.44% to 6,008,761,750.90 RMB from 6,096,678,060.54 RMB in 2021[24]. - The company completed a net cash flow from operating activities of 466.61 million yuan in the fourth quarter of 2022[26]. Market Position and Strategy - The company maintained the world's leading position in tower crane tonnage and ranked 18th in the "Top 100 Global Rental Companies" by KHL[33]. - The company signed annual strategic agreements with over ten large state-owned enterprises in 2022, enhancing its market presence[33]. - The company focused on improving accounts receivable recovery, achieving significant reductions in long-standing receivables[33]. - The company continued to expand its tower crane export business, particularly in the central and southwestern regions of China[34]. - The company anticipates a gradual recovery in the engineering machinery industry in 2023, supported by favorable macroeconomic policies and a stabilizing real estate market[37]. - The company aims to enhance its core competitive advantages by integrating manufacturing, rental services, and remanufacturing into a circular industrial chain[97]. Risks and Challenges - The company faced significant challenges in 2022, leading to a substantial decline in net profit and revenue[4]. - The domestic engineering machinery industry saw a decline in key metrics, with revenue, total profit, and product sales down by 11.5%, 36%, and 8.13% respectively compared to 2021[36]. - The Producer Price Index (PPI) for the domestic engineering machinery industry increased by 10.3% year-on-year in 2022, indicating ongoing pressure from rising raw material costs[36]. - The company faces risks from macroeconomic fluctuations that could impact demand for construction machinery rentals[100]. - Increased competition in the construction machinery rental market may lead to declining profit margins, necessitating strategic adjustments[100]. Governance and Compliance - The company has revised its governance documents to enhance investor relations and ensure compliance with relevant laws and regulations[105]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, and operations, with no interference in decision-making[109]. - The company has established a comprehensive information disclosure management system to ensure timely and accurate communication with shareholders[107]. - The board of directors operates independently, with all members fulfilling their responsibilities and adhering to legal obligations[106]. - The company has developed a risk disposal plan for financial operations conducted with related parties[105]. Environmental Responsibility - The company invested 3.2303 million yuan in environmental protection during the reporting period[150]. - The company generates 80 tons of domestic sewage per day, treated by its own sewage treatment station with a capacity of 150 tons per day[152]. - The company has established various pollution control facilities, including an organic waste gas purification system and a sewage treatment system, all operating normally[154]. - The company conducted 12 wastewater monitoring sessions and 4 noise monitoring sessions in 2022, ensuring compliance with environmental standards[157]. - The company aims for over 85% efficiency in pollution treatment measures, meeting national discharge standards[162]. Human Resources and Talent Development - The company employed a total of 4,163 staff, with 835 in the parent company and 3,328 in major subsidiaries[132]. - The workforce includes 2,794 production personnel, 90 sales personnel, and 285 technical personnel[132]. - The company has established an annual training plan to enhance employee skills and knowledge, aligning with its development goals[134]. - The company has implemented a fair and competitive salary policy linked to performance, ensuring employees share in the company's profits[133]. Future Outlook - The management indicated a positive outlook for future performance, expecting continued revenue growth driven by market expansion[112]. - The company is committed to enhancing its technological capabilities through ongoing research and development initiatives[112]. - The company plans to continue expanding its market presence and invest in new product development to enhance competitiveness[112].

证券代码：600984 证券简称：建设机械 公告编号：2023-022 陕西建设机械股份有限公司 关于参加"2023 年陕西辖区上市公司投资者集 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个别及连带责任。 重要内容提示： 会议召开时间：2023 年 5 月 16 日（星期二）15:00-17:00 会议召开地点：深圳市全景网络有限公司"全景·路演天下"网络平台 （http://rs.p5w.net） 会议召开方式：网络文字互动 一、说明会类型 为了促进上市公司规范运作、健康发展，增强上市公司信息透明度，加强与广大投 资者沟通交流，进一步提升投资者关系管理水平，陕西上市公司协会根据陕西证监局工 作部署，联合深圳市全景网络有限公司举办"2023 年陕西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。 届时，陕西建设机械股份有限公司（以下简称"公司"）董事长及相关高管人员将 通过互动平台与投资者进行网络沟通和交流，欢迎广大投资者踊跃参加。 二、说明会召开的时间、地点 1、会议 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥648,551,027.66, representing a decrease of 15.25% compared to the same period last year[4]. - The net profit attributable to shareholders of the listed company was -¥133,380,202.46, with a net profit excluding non-recurring gains and losses of -¥141,342,097.79[4]. - Net loss for Q1 2023 was ¥133,407,941.75, compared to a net loss of ¥53,980,299.81 in Q1 2022, indicating a significant increase in losses[21]. - Operating profit for Q1 2023 was -¥153,764,365.00, worsening from -¥51,168,912.90 in Q1 2022[20]. - Basic and diluted earnings per share for Q1 2023 were both -¥0.1061, compared to -¥0.0558 in Q1 2022[21]. - The weighted average return on net assets was -2.24%, a decrease of 1.35 percentage points compared to the previous year[4]. - Other comprehensive income after tax for Q1 2023 was -¥1,312,692.25, contrasting with a gain of ¥333,490.46 in Q1 2022[21]. Cash Flow - The net cash flow from operating activities increased by 6,646.64%, amounting to ¥78,994,251.40, indicating a lower decline in cash inflows compared to cash outflows[6]. - In Q1 2023, the net cash flow from operating activities was ¥78,994,251.40, a significant decrease from ¥1,170,868.83 in Q1 2022, reflecting a decline of approximately 93.3%[25]. - Total cash inflow from operating activities was ¥907,453,863.73, down 8.2% from ¥988,789,091.89 in the same period last year[25]. - Cash outflow from operating activities decreased to ¥828,459,612.33, compared to ¥987,618,223.06 in Q1 2022, marking a reduction of about 16.1%[25]. - Cash flow from investing activities showed a net outflow of ¥256,404,812.03, an improvement from a net outflow of ¥533,341,884.50 in Q1 2022[26]. - Cash inflow from financing activities was ¥487,381,884.33, down 55.1% from ¥1,083,277,857.85 in the previous year[26]. - The net cash flow from financing activities turned negative at -¥141,919,681.04, compared to a positive cash flow of ¥67,590,756.75 in Q1 2022[26]. - The ending balance of cash and cash equivalents was ¥849,096,098.38, down from ¥967,188,147.33 at the end of Q1 2022, a decrease of approximately 12.2%[26]. Assets and Liabilities - Total assets at the end of the reporting period were ¥17,416,316,785.99, a decrease of 3.20% from the end of the previous year[4]. - The company's total assets as of March 31, 2023, amounted to RMB 17,416,316,785.99, a decrease from RMB 17,991,636,117.22 at the end of 2022[18]. - The company reported a total liability of ¥11,540,527,252.07 as of Q1 2023, a decrease from ¥11,981,550,923.68 in the previous year[19]. - Total liabilities decreased, reflecting a reduction in interest-bearing debts[15]. - Total equity attributable to shareholders was ¥5,874,509,664.23, down from ¥6,008,761,750.90 in the same period last year[19]. Revenue and Costs - Total operating revenue for Q1 2023 was ¥648,551,027.66, a decrease of 15.3% compared to ¥765,240,625.94 in Q1 2022[20]. - Total operating costs for Q1 2023 were ¥814,968,525.88, down 1.6% from ¥827,479,323.58 in Q1 2022[20]. - The company paid ¥559,246,488.79 for goods and services, a decrease of 16.6% from ¥670,176,307.31 in the same quarter last year[25]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 39,212, with the largest shareholder holding 29.58% of the shares[7]. Government Subsidies and Non-Recurring Gains - The company reported non-recurring gains and losses totaling ¥7,961,895.33, primarily from government subsidies and asset disposals[5]. - Deferred income increased by 27.58% to ¥7,542,757.76, mainly due to an increase in government subsidies related to assets[10]. - Operating income from non-operating activities rose significantly by 346.62% to ¥7,797,724.67, attributed to government subsidies unrelated to daily operations[12]. - The company experienced a substantial increase in income from asset disposals, reporting ¥645,352.20 compared to a loss of ¥183,910.36 in the previous period[12].

Financial Performance - The net profit attributable to shareholders of the listed company for 2022 was -44,691,332.77 RMB, a decrease of 111.93% compared to the previous year[4]. - Operating revenue for 2022 was 3,887,667,784.22 RMB, down 17.71% from 4,724,616,257.82 RMB in 2021[24]. - The net profit attributable to shareholders of the parent company was -44.69 million RMB, representing a year-on-year decline of 111.93%[32]. - The basic and diluted earnings per share were both -0.0356 RMB, a decrease of 109.19% from 0.3874 RMB in 2021[25]. - The weighted average return on equity was -0.73%, down 6.97 percentage points from 6.24% in 2021[25]. - In 2022, the company achieved a main business revenue of CNY 3,873.85 million, a decrease of 17.75% year-on-year[51]. - The leasing business revenue for the year was CNY 3,647.97 million, down 19.27% compared to the previous year[51]. - The subsidiary, Pangyuan Leasing, reported a revenue of CNY 3.542 billion in 2022, a decline of 18.28% year-on-year[52]. - The company’s equipment sales revenue was CNY 100.52 million, a decrease of 6.53% year-on-year[51]. - The revenue from road construction equipment and parts sales increased by 3.24% year-on-year, reaching CNY 80.36 million[51]. - The company’s steel structure construction products achieved a revenue of CNY 125.36 million, an increase of 49.77% year-on-year[51]. Cash Flow and Assets - The net cash flow from operating activities increased significantly to 264,649,471.97 RMB, a rise of 1,002.85% compared to 23,996,850.07 RMB in 2021[24]. - Total assets at the end of 2022 were 17,991,636,117.22 RMB, an increase of 2.21% from 17,602,567,240.94 RMB at the end of 2021[24]. - The asset-liability ratio at year-end was 66.60%[4]. - The net assets attributable to shareholders of the listed company decreased by 1.44% to 6,008,761,750.90 RMB compared to 6,096,678,060.54 RMB at the end of 2021[24]. - The company reported a net cash outflow from investment activities of ¥1,654,266,591.26, an improvement from a larger outflow of ¥2,278,486,225.10 last year[53]. - The total amount of cash received from borrowings increased by 44.82% to ¥5,907,516,648.14, compared to ¥4,079,329,984.00 in the previous year[53]. - The company’s long-term borrowings increased by 56.61% to 2,507,107,792.91, now representing 13.93% of total assets[71]. Market Position and Strategy - The company maintained the highest tower crane tonnage globally and ranked 18th in the "Top 100 Global Rental Companies" by KHL[33]. - The company signed annual strategic agreements with over ten large state-owned enterprises in 2022, enhancing its market position[33]. - The company focused on improving accounts receivable recovery, achieving significant reductions in long-standing receivables[33]. - The company continued to expand its tower crane export business, particularly in the central and southwestern regions of China[34]. - The company aims to enhance its core competitive advantages by integrating manufacturing, rental services, and remanufacturing into a circular industrial chain, focusing on green, intelligent, and intensive development[97]. - The company plans to strengthen its leasing service brand by improving management, service quality, and operational standards to maintain competitiveness in the tower crane rental industry[97]. Industry Challenges and Outlook - The company faced significant challenges in 2022, leading to a substantial decline in net profit and revenue[4]. - In 2022, the domestic engineering machinery industry saw a decline in key metrics, with revenue, total profit, and product sales down by 11.5%, 36%, and 8.13% respectively compared to 2021[36]. - The Producer Price Index (PPI) for the domestic engineering machinery industry increased by 10.3% year-on-year in 2022, indicating ongoing pressure from rising raw material costs[36]. - The domestic engineering machinery rental industry remains at a cyclical low, with reduced orders due to the deep adjustment in the real estate sector, leading to increased competition among operators[92]. - The company anticipates a gradual recovery in the engineering machinery industry in 2023, supported by favorable macroeconomic policies and a stabilizing real estate market[37]. Governance and Compliance - The company has revised its governance documents to enhance investor relations and ensure compliance with relevant laws and regulations[105]. - The company maintains independence from its controlling shareholder in terms of assets, personnel, finance, organization, and business operations[109]. - All major decisions during the reporting period were made independently by the company without interference from the controlling shareholder[109]. - The company has established a comprehensive information disclosure management system to ensure timely and accurate communication with shareholders[107]. - The company has committed to enhancing its investor relations management plan for 2022[105]. Environmental and Social Responsibility - The company invested CNY 3,230,300 in environmental protection during the reporting period[150]. - The company generates 80 tons of domestic sewage per day, treated by its own sewage treatment station with a capacity of 150 tons per day[152]. - The company has established an organic waste gas purification system, sewage treatment system, and high-efficiency dust removal system, all operating normally[154]. - A total investment of 1.1282 million yuan was made in poverty alleviation and rural revitalization projects, benefiting 2,750 people through consumption assistance[164]. Employee and Management Changes - The total number of employees at the parent company and major subsidiaries is 4,163, with 2,794 in production roles[132]. - The company has a fair and competitive compensation policy linked to performance, ensuring employee benefits align with company profits[133]. - The company has undergone significant management changes, including the appointment of a new general manager, with multiple executives being hired and dismissed due to work adjustments[118].

Financial Summary [Key Financial Data](index=1&type=section&id=I.%20Key%20Financial%20Data) The company experienced a significant performance decline in Q3 and the first three quarters of 2022, with revenue decreasing by 17.93% and net profit attributable to shareholders turning into a loss of RMB 46.18 million * **Key Financial Data (Year-to-Date)** | Item | Year-to-Date (RMB) | YoY Change (%) | | :--- | :--- | :--- | | Operating Revenue | 2,869,165,649.96 | -17.93% | | Net Profit Attributable to Shareholders | -46,184,202.86 | -110.67% | | Net Profit Attributable to Shareholders (Excluding Non-Recurring Items) | -58,195,334.57 | -113.63% | | Net Cash Flow from Operating Activities | -201,956,639.37 | -13.63% | | Basic Earnings Per Share (RMB/share) | -0.0367 | -108.20% | | Total Assets (End of Reporting Period) | 18,144,781,702.77 | 3.08% (vs. end of prior year) | | Owners' Equity Attributable to Shareholders (End of Reporting Period) | 6,007,078,822.18 | -1.47% (vs. end of prior year) | * **Non-Recurring Gains and Losses** | Non-Recurring Item | Amount (RMB) | | :--- | :--- | | Government Grants | 9,425,673.52 | | Reversal of Impairment Provisions for Accounts Receivable and Contract Assets | 5,406,097.14 | | Other Non-Operating Income and Expenses | 1,420,035.58 | | Gains/Losses from Disposal of Non-Current Assets | -1,572,862.06 | | **Total** | **12,011,131.71** | [Analysis of Key Financial Indicators Changes](index=3&type=section&id=I.%28II%29%20Analysis%20of%20Changes%20in%20Key%20Financial%20Indicators) The significant decline in net profit and EPS is primarily attributed to reduced revenue and increased operating costs due to external environmental factors, particularly the pandemic - The company's net profit attributable to shareholders, non-recurring net profit, and basic earnings per share all decreased by over **100%** year-on-year, mainly due to reduced revenue and increased operating costs impacted by the pandemic[6](index=6&type=chunk) Shareholder Information [Shareholding of Major Shareholders](index=3&type=section&id=II.%28I%29%20Total%20Number%20of%20Common%20Shareholders%20and%20Top%20Ten%20Shareholders%27%20Shareholding) As of the reporting period end, the company had 44,011 common shareholders, with Shaanxi Coal and Chemical Industry Group Co., Ltd. as the controlling shareholder holding 29.58% - As of the end of the reporting period, the company had **44,011** common shareholders[8](index=8&type=chunk) - **Top Ten Shareholders' Shareholding** | Shareholder Name | Shareholding Ratio (%) | Number of Shares Held | Shareholder Nature | | :--- | :--- | :--- | :--- | | Shaanxi Coal and Chemical Industry Group Co., Ltd. | 29.58 | 371,842,572 | State-owned Legal Person | | Chai Zhaoyi | 8.64 | 108,625,920 | Domestic Natural Person | | Shaanxi Construction Machinery (Group) Co., Ltd. | 4.00 | 50,287,251 | State-owned Legal Person | | Fu Weiping | 1.60 | 20,112,756 | Domestic Natural Person | | Taikang Life Insurance Co., Ltd. - Dividend - Individual Dividend | 1.26 | 15,837,335 | Unknown | Discussion and Analysis of Operations [Analysis of Significant Changes in Financial Statement Items](index=4&type=section&id=1.%20Analysis%20of%20Reasons%20for%20Items%20with%20Over%2030%25%20Change%20in%20Financial%20Statements) Multiple financial statement items showed over 30% variation, reflecting expanded financing activities, reduced income tax expenses due to lower profits, and increased cash inflows from financing - The company analyzed the reasons for over **30%** changes in balance sheet, income statement, and cash flow statement items, primarily involving financing structure adjustments, asset disposals, government grants, and the impact of the pandemic on operations[9](index=9&type=chunk)[10](index=10&type=chunk)[14](index=14&type=chunk) - **Balance Sheet and Income Statement Items with Significant Changes** | Account | Increase/Decrease (%) | Primary Reason | | :--- | :--- | :--- | | Bonds Payable | 294.74 | Due to bond issuance in current period | | Long-term Borrowings | 55.78 | Due to increase in long-term borrowings in current period | | Right-of-Use Assets | -68.59 | Due to transfer of finance lease assets to fixed assets upon maturity | | Notes Payable | -51.49 | Due to decrease in bill financing in current period | | Income Tax Expense | -110.38 | Due to decrease in total profit in current period | - **Cash Flow Statement Items with Significant Changes** | Account | Increase/Decrease (%) | Primary Reason | | :--- | :--- | :--- | | Cash Received from Borrowings | 83.12 | Due to increased cash from bond issuance in current period | | Cash Paid for Debt Repayment | 148.72 | Due to repayment of matured borrowings in current period | | Other Cash Paid Related to Financing Activities | 128.59 | Due to increased repayment of finance lease and sale-leaseback rentals and fees in current period | [Raised Funds and Shareholder Increase](index=5&type=section&id=2.%20Raised%20Funds%20and%20Shareholder%20Increase) The company utilized RMB 1.327 billion from 2020 non-public offering for equipment expansion, and the controlling shareholder completed a share increase plan, demonstrating confidence in the company - **Use of Raised Funds** | Item | Amount (RMB) | | :--- | :--- | | Net Proceeds from Raised Funds | 1,457,794,440.81 | | Cumulative Investment in Raised Fund Projects | 1,326,521,941.98 | | Balance of Raised Funds at Period End | 148,706,982.01 | - The company's actual controller, Shaanxi Coal and Chemical Industry Group, completed a share increase plan, acquiring **19,339,067** shares, representing **1.5385%** of total share capital, with an investment of approximately **RMB 129 million**[19](index=19&type=chunk)[20](index=20&type=chunk) [Issuance of Asset-Backed Notes](index=7&type=section&id=4.%20Issuance%20of%20Asset-Backed%20Notes) The company plans to issue up to RMB 2 billion in asset-backed notes (ABN) to enhance asset utilization and diversify financing, with the first RMB 1 billion tranche successfully established - The company plans to issue asset-backed notes (ABN) with a registered size of up to **RMB 2 billion** in the interbank market, based on accounts receivable as underlying assets[21](index=21&type=chunk) - The first tranche of targeted asset-backed notes was officially established on July 28, 2022, reaching the target fundraising scale[22](index=22&type=chunk) Quarterly Financial Statements [Consolidated Balance Sheet](index=8&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2022, total assets were RMB 18.145 billion, total liabilities RMB 12.135 billion (up 5.50% due to increased borrowings), and owners' equity RMB 6.007 billion (down 1.47%) - **Consolidated Balance Sheet Summary** | Item | September 30, 2022 (RMB) | December 31, 2021 (RMB) | | :--- | :--- | :--- | | Total Assets | 18,144,781,702.77 | 17,602,567,240.94 | | Total Liabilities | 12,134,501,226.00 | 11,502,596,094.47 | | Total Owners' Equity Attributable to Parent Company | 6,007,078,822.18 | 6,096,678,060.54 | [Consolidated Income Statement](index=10&type=section&id=Consolidated%20Income%20Statement) For the first three quarters of 2022, operating revenue declined by 17.93% to RMB 2.869 billion, resulting in an operating loss of RMB 58 million and a net loss of RMB 46.18 million attributable to parent company shareholders - **Consolidated Income Statement Summary** | Item | First Three Quarters 2022 (RMB) | First Three Quarters 2021 (RMB) | | :--- | :--- | :--- | | Total Operating Revenue | 2,869,165,649.96 | 3,496,047,374.32 | | Total Operating Costs | 2,803,047,239.53 | 2,849,999,687.05 | | Operating Profit | -58,004,407.86 | 512,783,496.40 | | Net Profit Attributable to Parent Company Shareholders | -46,184,202.86 | 433,001,054.02 | | Basic Earnings Per Share (RMB/share) | -0.0367 | 0.4478 | [Consolidated Cash Flow Statement](index=12&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2022, operating cash flow remained negative at RMB -202 million, investment activities resulted in a net outflow of RMB 1.104 billion, while financing activities provided a net inflow of RMB 1.350 billion - **Consolidated Cash Flow Statement Summary** | Item | First Three Quarters 2022 (RMB) | First Three Quarters 2021 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | -201,956,639.37 | -177,726,040.48 | | Net Cash Flow from Investing Activities | -1,104,262,875.27 | -1,839,819,010.80 | | Net Cash Flow from Financing Activities | 1,349,867,381.48 | 1,443,023,073.53 | | Net Increase in Cash and Cash Equivalents | 43,636,476.56 | -574,605,059.66 |

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,779,631,436.50, a decrease of 21.03% compared to CNY 2,253,553,245.30 in the same period last year[24]. - The net profit attributable to shareholders for the first half of 2022 was a loss of CNY 64,805,616.67, representing a decline of 125.38% from a profit of CNY 255,304,662.89 in the previous year[24]. - The basic earnings per share for the first half of 2022 was -0.0516 CNY, down 119.53% from 0.2640 CNY in the same period last year[22]. - The weighted average return on net assets decreased to -1.07%, down 5.37 percentage points from 4.30% in the previous year[22]. - The net cash flow from operating activities for the first half of 2022 was -CNY 161,159,323.81, compared to -CNY 168,492,506.62 in the same period last year[24]. - The total assets at the end of the reporting period were CNY 17,814,972,009.62, an increase of 1.21% from CNY 17,602,567,240.94 at the end of the previous year[24]. - The net assets attributable to shareholders at the end of the reporting period were CNY 5,986,615,503.37, a decrease of 1.81% from CNY 6,096,678,060.54 at the end of the previous year[24]. - The company reported an operating loss of CNY 52,959,160.73, compared to an operating profit of CNY 305,336,090.85 in the same period last year[160]. - The net profit for the first half of 2022 was a loss of CNY 64,877,934.06, a significant decline from a profit of CNY 255,048,953.47 in the first half of 2021[162]. Revenue Breakdown - In the first half of 2022, the company achieved a main business revenue of 177,314.27 million, a decrease of 21.10% compared to the same period last year[33]. - The leasing business revenue was 169,231.30 million, down 20.12% year-on-year, with construction equipment leasing revenue decreasing by 16.86% to 164,814.27 million[33]. - Equipment sales revenue fell to 3,449.19 million, a decline of 44.55%, with road construction equipment and accessories sales down 37.06% to 2,560.34 million[33]. Market Challenges - The company faced challenges due to the impact of COVID-19 and the Russia-Ukraine conflict, leading to a decline in market demand and product sales[30]. - The overall investment in equipment tools nationwide increased by only 2.4% year-on-year, which is 3.7 percentage points lower than the national fixed asset investment growth rate[30]. - The accounts receivable in the machinery industry reached 6.2 trillion, a year-on-year increase of 14.14%, significantly higher than the revenue growth rate[31]. Technological Innovation - The SUM series paver has received over ten invention patents, showcasing the company's commitment to technological innovation[35]. - The company has developed and launched multiple models of pavers and tower cranes, establishing a strong foundation for future growth with advanced domestic engineering machinery products[36]. - The company has initiated the development of a remote operation platform for tower cranes, showcasing its commitment to technological innovation[44]. Infrastructure and Market Position - Infrastructure investment in China grew by 7.4% year-on-year from January to July 2022, indicating a recovery in domestic demand[32]. - The company is actively involved in major infrastructure projects, contributing to its market recognition and reputation[34]. - The company achieved a revenue of 1.78 billion CNY in the first half of 2022, ranking 18th in the "World Rental Companies 100" list, moving up 4 places from the previous year[43]. - The company maintains a competitive advantage in the construction machinery leasing sector, being a leading enterprise in the industry[34]. Financial Strategy and Investments - The company plans to enhance its internal talent development and strengthen its R&D capabilities to improve operational efficiency and reduce risks[45]. - The company aims to optimize its marketing policies and strictly control accounts receivable collection risks in the second half of the year[45]. - The company plans to raise up to CNY 150,574,800 through a non-public stock issuance, with a maximum of 165,558,692 shares to be issued[56]. - The company reported a significant increase in other income by 61.47%, reaching CNY 3,971,204.90 from CNY 2,459,467.22[47]. Environmental Responsibility - The company has implemented strict environmental protection measures, ensuring all pollutants met standards during the first half of 2022[82]. - The company has conducted regular assessments of its environmental impact and compliance with relevant laws and regulations[82]. - The company actively promotes green development and environmental responsibility, aligning with national ecological civilization goals[90]. Corporate Governance and Management Changes - The company appointed Chai Zhaoyi as the new General Manager, replacing Yang Hongjun, and made several other management changes, including the appointment of Hui Peng as Deputy General Manager and Li Xiaofeng as Secretary of the Board[74]. - The company has made adjustments to its senior management team to optimize structure and governance, including the appointment of Yang Juan as the new Financial Director[75]. Shareholder and Equity Information - The total share capital increased from 966,956,865 shares to 1,257,043,925 shares after a capital reserve conversion of 290,087,060 shares, representing a 30% increase[132]. - The largest shareholder, Shaanxi Coal and Chemical Industry Group, holds 276,082,645 unrestricted shares, representing 21.96% of the total[136]. - The company reported no significant litigation or arbitration matters during the reporting period[99]. Risk Management - The company faces risks from macroeconomic fluctuations that could impact demand for construction machinery rentals and profitability[67]. - Financial risks are heightened due to increased accounts receivable, which could affect liquidity if customers delay payments[68]. - The ongoing COVID-19 pandemic poses production and sales challenges, prompting the company to adhere to safety regulations for resuming operations[70].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 765,240,625.94, representing a decrease of 14.60% compared to the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 53,930,732.42, a decline of 181.91% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was a loss of CNY 56,867,561.23, down 188.10% from the previous year[4] - The basic and diluted earnings per share were both CNY -0.0558, reflecting a decrease of 181.95% compared to the same period last year[4] - The company's operating profit for Q1 2022 was a loss of CNY 51,168,912.90, contrasting with a profit of CNY 85,795,000.33 in Q1 2021[20] - Net profit for Q1 2022 was a loss of CNY 53,980,299.81, compared to a profit of CNY 65,736,879.33 in Q1 2021, representing a significant decline[21] - Total operating costs increased to CNY 827,479,323.58, up 2.3% from CNY 810,746,672.37 in the same period last year[20] - The company reported a financial expense of CNY 94,935,593.73 in Q1 2022, which increased from CNY 76,188,890.83 in Q1 2021[20] - Research and development expenses for Q1 2022 were CNY 21,768,015.95, a decrease from CNY 24,188,384.92 in Q1 2021[20] - The company recorded a credit impairment loss of CNY 8,093,728.84 in Q1 2022, compared to a gain of CNY -406,856.72 in Q1 2021[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 16,937,221,028.05, down 3.78% from the end of the previous year[4] - The equity attributable to shareholders was CNY 6,044,482,019.82, a decrease of 0.86% compared to the end of the previous year[4] - Total liabilities as of the end of Q1 2022 amounted to CNY 10,889,495,736.87, down from CNY 11,502,596,094.47 at the end of Q1 2021[19] - Total equity attributable to shareholders was CNY 6,044,482,019.82, slightly down from CNY 6,096,678,060.54 in the previous year[19] Cash Flow - Cash flow from operating activities was CNY 1,170,868.83, with significant sales receipts exceeding operational payments[6] - The net cash flow from operating activities turned positive at CNY 1,170,868.83, compared to a negative CNY 54,715,324.75 in the same period last year[23] - The cash inflow from operating activities was CNY 988,789,091.89, slightly up from CNY 983,985,699.09 in Q1 2021, reflecting a growth of approximately 0.8%[23] - Cash outflow for purchasing goods and services decreased to CNY 670,176,307.31 from CNY 751,603,122.74, a reduction of about 10.8%[23] - The cash inflow from financing activities increased significantly to CNY 1,083,277,857.85, up from CNY 748,403,884.00, marking a growth of approximately 44.8%[24] - The net cash flow from financing activities was CNY 67,590,756.75, a decrease from CNY 418,214,551.95 in Q1 2021[24] - The cash and cash equivalents at the end of Q1 2022 stood at CNY 967,188,147.33, down from CNY 1,569,738,682.32 in the previous year, indicating a decline of about 38.4%[24] - The cash outflow for investing activities was CNY 534,429,897.00, slightly up from CNY 531,271,915.92, resulting in a net cash outflow of CNY 533,341,884.50[24] - The company received CNY 850,990,000.00 in borrowings, an increase from CNY 737,403,884.00 in the previous year, reflecting a growth of approximately 15.3%[24] - The cash received from other financing activities was CNY 232,287,857.85, a significant increase from CNY 11,000,000.00 in Q1 2021[24] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 48,486[8] - The company plans to raise up to ¥150,574.80 million through a non-public stock issuance, primarily for expanding engineering leasing equipment projects[13] - The company has accumulated investments of ¥1,241,521,941.98 from the raised funds, with no new investments made in the current year[15] - The company issued bonds worth ¥500 million with a 5.5% interest rate, aimed at repaying interest-bearing debts and supplementing working capital[15] Other Financial Metrics - The weighted average return on equity was -0.89%, a decrease of 2.02 percentage points year-on-year[4] - The company experienced a 93.22% increase in interest expenses, totaling CNY 90,196,971.12, compared to CNY 46,681,285.08 in the previous period[11] - The company experienced a 53.24% decrease in tax refunds received, amounting to ¥7,011,770.64 compared to ¥14,996,440.74 in the previous period[13] - The company's accounts receivable decreased to ¥4,810,523,560.13 from ¥5,048,139,099.86, reflecting a reduction of approximately 4.7%[18] - The company did not apply new accounting standards for the current reporting period[25]

Financial Performance - The net profit attributable to shareholders for 2021 was CNY 374,629,691.11, with the parent company's net profit at CNY 352,834,256.04[6]. - The company achieved operating revenue of CNY 4,724,616,257.82 in 2021, representing an 18.08% increase compared to 2020[28]. - The net profit attributable to shareholders decreased by 32.29% to CNY 374,629,691.11 in 2021 from CNY 553,271,856.61 in 2020[28]. - The basic earnings per share fell by 35.54% to CNY 0.3874 in 2021, down from CNY 0.6010 in 2020[29]. - The weighted average return on equity decreased by 4.72 percentage points to 6.24% in 2021, compared to 10.96% in 2020[29]. - The company reported a significant decline in cash flow from operating activities, which was CNY 23,996,850.07 in 2021, down 84.35% from CNY 153,342,352.85 in 2020[28]. - The total assets increased by 16.28% to CNY 17,602,567,240.94 at the end of 2021, compared to CNY 15,138,574,508.28 at the end of 2020[28]. - The company reported a net cash flow from operating activities of CNY 23.99 million, a significant decrease of 84.35% compared to the previous year[55]. - The company's income tax expense decreased by 37.95% to CNY 66.86 million from CNY 107.77 million[56]. - Cash received from tax refunds increased by 48.59% to CNY 33.22 million from CNY 22.36 million[56]. Dividend and Profit Distribution - As of December 31, 2021, the total distributable profit was CNY 1,144,258,731.68, with the parent company having CNY 221,371,536.07 available for distribution[6]. - The company plans to distribute a cash dividend of CNY 0.50 per 10 shares, totaling CNY 48,347,843.25, and to increase the share capital by 290,087,060 shares through capital reserve conversion[6]. - Pangyuan Leasing distributed a cash dividend of ¥500,000,000 to shareholders, which will increase the parent company's net profit for 2021 but will not affect the consolidated net profit for the year[77]. - The company plans to distribute a cash dividend of 1 CNY per 10 shares, totaling 96,695,686.50 CNY (including tax) based on a total share capital of 966,956,865 shares[148]. Operational Developments - The company completed the R&D and upgrade of four series of tower cranes, enhancing product cost efficiency and technical capabilities[36]. - The company established new subsidiaries in Shanxi, Jiangxi, and Ningbo to strengthen market presence and improve market share[37]. - The company implemented an information technology innovation strategy, achieving significant progress in the "Pangyuan Online" platform for operational management[36]. - The company secured contracts for key projects with a total contract amount of 187.68 million CNY, including over 200 equipment units[38]. - The subsidiary, Pangyuan Leasing, achieved an annual revenue of 4.3 billion CNY, representing a year-on-year growth of over 22%[38]. - The company’s tower crane sales revenue exceeded 14 million CNY, supported by a strategic focus on market penetration and promotion[39]. - The company’s construction steel structure subsidiary reported an annual revenue of 162 million CNY, with a year-on-year increase of 5.88%[39]. - The company’s mechanical engineering subsidiary achieved an annual revenue of 212 million CNY, reflecting a year-on-year growth of 12.17%[39]. - The company’s tower crane production capacity continues to lead globally, ranking 22nd among the "Top 100 Global Rental Companies"[38]. - The company is actively expanding its overseas market presence, with operations in the Philippines, Malaysia, and Cambodia[41]. Research and Development - The company’s R&D expenses increased by 2.70% to CNY 117.57 million, indicating a continued focus on innovation[55]. - The number of R&D personnel is 387, constituting 9.46% of the total workforce[73]. - The company has developed five new product models and five production lines, enhancing its market competitiveness[75]. - The company has established a technology research and development center to enhance its competitive edge in the construction machinery sector[45]. Market and Industry Challenges - The company faced challenges due to external factors such as the ongoing COVID-19 pandemic and rising commodity prices, impacting overall performance[35]. - The tower crane rental industry faces challenges due to intensified competition, with revenue growth slowing and rental prices decreasing[102]. - Despite a slowdown in the construction machinery rental industry, it is expected to maintain an annual growth rate of over 10% due to ongoing urbanization and infrastructure investment needs[103]. - The company anticipates that policies supporting housing demand and infrastructure projects will contribute to stable growth in the tower crane rental market[103]. - Increased competition in the construction machinery industry may lead to declining profit margins, prompting the company to optimize its product structure and enhance service quality to maintain competitiveness[110]. Governance and Compliance - The company has received a standard unqualified audit opinion from Sigma Accounting Firm[9]. - The company has implemented strict information disclosure protocols to ensure timely and accurate communication with all shareholders[116]. - The board of directors operates independently and adheres to legal requirements for governance and decision-making[115]. - The supervisory board is compliant with legal standards and effectively oversees the company's financial and managerial practices[115]. - The company has established a comprehensive information disclosure management system to uphold transparency and accountability[116]. - The company has conducted multiple shareholder meetings throughout 2021, demonstrating active engagement with its investors[118]. - The company has ensured that all shareholders are treated equally and can exercise their rights without discrimination[114]. Environmental Management - The company has implemented a comprehensive environmental management strategy, including the establishment of 14 organic waste gas purification facilities and 1 wastewater treatment station[160]. - The company generates 80 tons of domestic sewage per day, which is treated at its self-built wastewater treatment station with a capacity of 150 tons per day[158]. - The company has been recognized as a key pollutant discharge unit, adhering to strict emission standards for both wastewater and waste gas[158]. - The company faced an administrative penalty of 154,000 yuan for improper hazardous waste storage, which has since been rectified[165]. - The company completed 12 wastewater monitoring tests and 4 noise monitoring tests in 2021, ensuring compliance with environmental regulations[163]. - The company has increased the usage ratio of water-based paint from 30% to 80%, greatly reducing organic waste gas emissions[173]. Shareholder and Management Changes - The total number of shares held by the board members at the end of the reporting period was 85,543,980, an increase of 301,000 shares compared to the beginning of the period[121]. - The company has seen a significant increase in the shareholding of Zhang Lantian, a supervisor, from 13,000 to 33,000 shares[121]. - The company plans to repurchase a total of 410,000 shares, accounting for 0.0424% of the total issued shares, completed by June 16, 2021[123]. - The total remuneration paid to directors, supervisors, and senior management during the reporting period amounted to 11.03 million yuan[128]. - The company appointed new executives, including three vice general managers, to strengthen its management team[130]. - The company experienced changes in its board and management, with several resignations due to personal reasons and age[130]. Financial Transactions and Arrangements - The company has entered into a land lease agreement with the parent company, with actual transactions not exceeding the estimated amounts disclosed earlier[188]. - The company has a long-term lease agreement for six factory buildings with a total area of 41,920.89 square meters, with an annual rent of approximately 2.92 million RMB[191]. - The company plans to borrow up to 100 million RMB from the parent company for short-term working capital, with interest rates aligned to the benchmark rates of bank loans[193]. - The company has a total of 500 million RMB in credit facilities with the financial company, with actual transactions amounting to 146,800,000.00 RMB[199]. - The lease agreement and financial transactions are part of the company's strategy to ensure operational continuity and financial stability[192].