Cash Flow - Net cash flow from operating activities was 430.55 million, a decrease from 747.43 million in the same period last year[77] - Net cash flow from investing activities was -1.41 billion, compared to 66.71 million in the same period last year[77] - Net cash flow from financing activities was -322.45 million, an improvement from -549.83 million in the same period last year[78] - The net increase in cash and cash equivalents was -1.13 billion, compared to 421.44 million in the same period last year[78] - Cash and cash equivalents at the end of the period were 5.2 billion, down from 6.33 billion at the beginning of the period[78] - Cash received from sales of goods and services was 2.59 billion, slightly down from 2.6 billion in the same period last year[77] - Cash paid for goods and services was 1.43 billion, up from 1.15 billion in the same period last year[77] - Cash paid for employee compensation was 451.18 million, up from 421.82 million in the same period last year[77] - Cash received from investments was 194.05 million, down from 1.59 billion in the same period last year[77] - Cash paid for investments was 1.55 billion, up from 1.4 billion in the same period last year[77] Financial Consolidation and Subsidiaries - The company evaluates the performance of almost all investments based on fair value[97] - The company consolidates financial statements by combining assets, liabilities, equity, income, expenses, and cash flows of the parent and subsidiaries[97] - Internal transactions between the parent and subsidiaries are fully offset, and any impairment losses are fully recognized[97] - For subsidiaries added through non-common control mergers, the company includes their income, expenses, and cash flows from the acquisition date to the reporting period end[97] - The company adjusts capital reserves when purchasing minority equity in subsidiaries, and if insufficient, it reduces retained earnings and undistributed profits[98] - In step-by-step acquisitions of subsidiaries, the company re-measures the fair value of previously held equity, with any gains or losses recognized in current investment income[98] - The company offsets unrealized internal sales profits and losses, adjusting net profit attributable to parent company owners and minority interests accordingly[98] - When minority shareholders' share of losses exceeds their initial equity, the excess is offset against minority interests[98] - The company restores "special reserves" and "general risk reserves" to the parent company's equity after offsetting long-term equity investments and subsidiary equity[98] - The company recognizes deferred tax assets or liabilities due to temporary differences arising from offsetting unrealized internal sales profits and losses[98] - Parent company partially disposed of long-term equity investment in subsidiaries without losing control, adjusting capital reserve (capital premium or share premium) for the difference between disposal price and the share of net assets attributable to the parent company since acquisition or merger date[99] - Disposal of long-term equity investment in subsidiaries resulting in loss of control, with the remaining equity remeasured at fair value at the date of loss of control, and the difference between the sum of disposal consideration and remaining equity fair value and the share of net assets attributable to the parent company since acquisition or merger date recognized as investment income in the current period[99] - Minority shareholders' capital increase in subsidiaries diluting the parent company's equity ratio, with the difference between the share of net assets attributable to the parent company before and after the capital increase adjusted in capital reserve (capital premium or share premium)[99] - Joint arrangements classified into joint operations and joint ventures, with joint operations recognizing assets, liabilities, revenues, and expenses based on the company's share[100][101] Inventory and Contract Management - Inventory is classified into raw materials, work-in-progress, semi-finished goods, finished goods, merchandise, and consumables[112] - The company uses the weighted average method for inventory valuation[112] - Inventory is accounted for using the perpetual inventory system, with at least one annual physical count[112] - Inventory is measured at the lower of cost or net realizable value, with provisions for inventory write-downs recognized in current period profits[112] - Contract assets and liabilities are presented separately in the balance sheet, with net amounts shown based on liquidity[113][114] - Contract costs are categorized into contract fulfillment costs and contract acquisition costs, recognized as assets under specific conditions[115] - Long-term equity investments include controlling, significant influence, and joint venture investments[116] - Significant influence is generally presumed when the company holds 20% or more but less than 50% of the voting rights in an investee[116] Lease Accounting - The company's operating lease accounting method involves recognizing rental expenses on a straight-line basis over the lease term, with any rent-free periods included in the total rental expense calculation[141] - For finance leases, the company recognizes the lower of the fair value of the leased asset or the present value of minimum lease payments as the asset value, with the difference recorded as unearned finance income[142] - The new lease standard effective from January 1, 2021 requires the company to assess whether a contract contains a lease based on control over identified assets[143] - Short-term leases (less than 12 months) and low-value asset leases are recognized on a straight-line basis over the lease term under the new standard[143] - The company recognizes right-of-use assets at cost, including initial direct costs and estimated restoration costs, and depreciates them using the straight-line method[144] - Lease liabilities are measured at the present value of lease payments, using the incremental borrowing rate if the implicit rate cannot be determined[144] - Variable lease payments not included in the lease liability are recognized in profit or loss when incurred[144] - For finance leases, the company recognizes finance lease receivables at the present value of lease payments and derecognizes the leased asset[144] - The company accounts for lease modifications as a separate lease if the modification increases the scope of the lease[144] Financial Assets and Liabilities - The company's monetary funds increased by 12.57% compared to the beginning of the period, mainly due to increased operating collections and the redemption of investment financial products[153] - The balance of trading financial assets decreased by 401,722,731.40 yuan compared to the previous period, primarily due to the redemption of company financial products[154] - The fair value financial assets measured at fair value and whose changes are included in current profit and loss decreased significantly from 470,345,646.79 yuan to 68,622,915.39 yuan, primarily due to a reduction in financial products[155] - The total amount of notes receivable increased by 16.57% to 560,310,504.90 yuan, driven by increased business collections[164] - Bank acceptance notes increased by 28.59% to 514,733,861.70 yuan, while commercial acceptance notes decreased by 43.32% to 45,576,643.20 yuan[156] - The bad debt provision for commercial acceptance notes decreased by 1,833,685.02 yuan, resulting in a final provision of 2,398,770.69 yuan[163] - The total accounts receivable amounted to 1,182,065,547.66 yuan, with 1,134,013,085.69 yuan (95.93%) being within 1 year[165] - The bad debt provision for accounts receivable increased to 65,979,818.32 yuan, representing a provision ratio of 5.58%[167] - A specific bad debt provision of 4,630,800.00 yuan was made for Tianjin Binhai Solar Thermal Tracking Technology Co., Ltd., with a 100% provision ratio due to expected non-recovery[169] Fixed Assets and Investments - Fixed assets increased by RMB 278.72 million in the first half of 2023, with the total fixed assets reaching RMB 5.69 billion at the end of the period[198] - The company invested RMB 138.31 million in new fixed asset purchases, including RMB 53.01 million in buildings and RMB 76.99 million in machinery[198] - The net book value of fixed assets increased by RMB 72.43 million to RMB 2.91 billion at the end of the period[198] - Construction in progress increased by RMB 190.38 million to RMB 580.49 million, driven by projects such as the Mexico factory and precision transmission linear actuator projects[199][200] - The Mexico factory project saw a significant increase in investment, with the balance rising by RMB 99.41 million to RMB 254.90 million[200] - The precision transmission linear actuator project grew by RMB 67.71 million to RMB 79.62 million, reflecting the company's focus on technological advancements[200] - The hydraulic pump and valve technical transformation project increased by RMB 23.18 million to RMB 36.76 million, indicating ongoing upgrades in production capabilities[200] - The company's total accumulated depreciation reached RMB 2.77 billion, with RMB 205.20 million added during the period[198] Taxation and Fees - The company applies a progressive rate for safety production fees based on revenue: 2.35% for revenue up to 10 million yuan, 1.25% for revenue between 10 million and 100 million yuan, 0.25% for revenue between 100 million and 1 billion yuan, 0.1% for revenue between 1 billion and 5 billion yuan, and 0.05% for revenue exceeding 5 billion yuan[146][147] - The company is eligible for a preferential corporate income tax rate of 15% as a high-tech enterprise, effective from 2022 to 2025[150] - The company's subsidiaries in different regions are subject to local tax policies, with corporate income tax rates ranging from 15% to 25% depending on the location[149] Foreign Currency and Financial Instruments - Cash and cash equivalents defined as cash on hand, deposits available for payment, and short-term investments with high liquidity and low risk of value change[102] - Foreign currency transactions initially recognized at the spot exchange rate on the transaction date or an approximate rate, with exchange differences recognized in current profit or loss[103] - Financial instruments recognized when the company becomes a party to the contract, with financial assets derecognized when certain conditions are met[104]

第五届监事会第六次会议决议公告 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责 任。 江苏恒立液压股份有限公司（以下简称"公司"）第五届监事会第六次会 议的会议通知于2023年8月16日以现场送达形式发出，并于2023年8月26日以现 场会议的方式召开。会议应出席监事3名，实际出席监事3名。会议由公司监事 会主席苏娅女士召集并主持。会议的通知及召开符合有关法律、行政法规和公 司章程的规定，会议决议合法有效。 经现场投票表决，会议形成如下决议： 一、以3票同意，0票反对，0票弃权，审议通过了《江苏恒立液压股份有限 公司2023年半年度报告及其摘要》； 报告详细内容与本公告同日披露于上海证券交易所网站www.sse.com.cn。 监事会根据《证券法》、《上海证券交易所股票上市规则》、《公开发行 证券的公司信息披露内容与格式准则第3号—半年度报告的内容与格式》和公司 章程有关要求，对公司《江苏恒立液压股份有限公司2023年半年度报告及其摘 要》进行了审核，意见如下: 1、公司半年度报告及其摘要的编制和审议程序符合法律、法规、公司 ...

二、关于公司及全资子公司使用银行承兑汇票、信用证、自有资金及外汇 等方式支付募投项目所需资金并以募集资金等额置换的专项意见 公司及其全资子公司在募投项目实施期间，使用银行承兑汇票（含背书转 让）、信用证、自有资金及外汇等方式支付募投项目所需资金并以募集资金等额 置换，有利于提高募集资金的使用效率，不会影响公司募投项目的正常实施， 不存在变相改变募集资金投向和损害股东利益的的情况；其决策程序符合《上 市公司监管指引第 2 号——上市公司募集资金管理和使用的监管要求（2022 年 修订）》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等相关 法律、法规和规范性文件及公司《募集资金管理办法》的相关规定。因此，全 体独立董事一致同意该议案。 独立董事：方攸同 陈柏 王学浩 2023 年 8 月 26 日 江苏恒立液压股份有限公司独立董事 关于公司第五届董事会第六次会议有关事项 的专项说明和独立意见 根据《上市公司治理准则》、《上市公司独立董事管理办法》、《公司章程》和 《江苏恒立液压股份有限公司独立董事工作制度》等有关规定，作为公司的独立 董事，基于独立判断立场，现就 2023 年 8 月 26 日公司 ...

江苏恒立液压股份有限公司 关于 2023 年半年度募集资金存放与使用情况的专项报告 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个别及连带责任。 根据中国证监会《上市公司监管指引第 2 号——上市公司募集资金管理和使 用的监管要求（2022 年修订）》(证监会公告(2022) 15 号)、上海证券交易所颁 布的《上海证券交易所上市公司自律监管指引第 1 号——规范运作》以及《上海 证券交易所上市公司自律监管指南第 1 号——公告格式（2023 年 4 月修订）》 相关格式指引等要求，将本公司 2023 年半年度募集资金存放与使用情况报告如 下： 一、募集资金基本情况 （一）实际募集资金金额、资金到位情况 经中国证券监督管理委员会《关于核准江苏恒立液压股份有限公司非公开发 行股票的批复》（证监许可[2022]59 号）核准，本公司通过非公开发行人民币 普通股股票 35,460,992 股，每股面值 1 元，每股发行价格 56.40 元，募集资 金总额为人民币 1,999,999,948.80 元，扣除本次非公开发行累计发生的发行费 用 ...

证券代码：601100 证券简称：恒立液压 公告编号：临 2023-029 江苏恒立液压股份有限公司 关于公司及全资子公司使用银行承兑汇票、信用证、自有资金及外 汇等方式支付募投项目所需资金并以募集资金等额置换的公告 本公司董事会及董事会全体成员保证公告内容不存在虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实、准确和完整承担个人及连带责任。 江苏恒立液压股份有限公司（以下简称"公司"）于 2023 年 8 月 26 日召开 第五届董事会第六次会议和第五届监事会第六次会议，审议通过了《关于公司及 全资子公司使用银行承兑汇票、信用证、自有资金及外汇等方式支付募投项目款 项所需资金并以募集资金等额置换的议案》，同意公司及下属子公司在募集资金 投资项目实施期间，根据公司募集资金投资项目实施的实际情况，增加使用银行 承兑汇票（含背书转让）、信用证、自有资金及外汇等方式支付募集资金投资项 目中所需的款项，之后以募集资金进行等额置换，并从募集资金专户划转等额资 金至公司自有资金账户。现将具体情况公告如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准江苏恒立液压股份有限公司非公开发 行股票的批复》（证监许 ...

中国国际金融股份有限公司 使用银行承兑汇票、信用证、自有资金及外汇等方式 支付募投项目所需资金并以募集资金等额置换的核查意见 中国国际金融股份有限公司（以下简称"保荐机构"）作为江苏恒立液压股 份有限公司（以下简称"恒立液压"或"公司"）非公开发行股票并上市的保荐 机构，根据《证券发行上市保荐业管理办法》《上海证券交易所股票上市规则》 《上市公司监管指引第 2 号——上市公司募集资金管理和使用监管要求（2022 年修订）》和《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等 有关法律法规和规范性文件的要求，对恒立液压及全资子公司使用银行承兑汇票 （含背书转让）、信用证、自有资金及外汇等方式支付募投项目所需资金并以募 集资金等额置换的事项进行了核查，发表核查意见如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准江苏恒立液压股份有限公司非公开发 行股票的批复》（证监许可[2022]59 号）核准，公司通过非公开发行人民币普通 股股票 35,460,992 股，每股面值 1 元，每股发行价格 56.40 元，募集资金总额为 人民币 1,999,999,948.80 元，扣除本次非公开发行累 ...

第五届董事会第六次会议决议公告 本公司董事会及董事会全体成员保证公告内容不存在虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 江苏恒立液压股份有限公司（以下简称"公司"）董事会于2023年8月16 日以书面送达以及发送电子邮件方式向公司全体董事发出召开公司第五届董事 会第六次会议的通知，会议于2023年8月26日以现场表决的方式召开，会议应 出席董事7名，实际现场出席董事7名。本次会议的召集和召开符合《公司法》 和《公司章程》的有关规定，会议决议为有效决议。本次会议由董事长汪立平 先生召集并主持。会议审议了如下议案： 1、审议《江苏恒立液压股份有限公司2023 年半年度报告及其摘要》； 证券代码：601100 证券简称：恒立液压 公告编号：临2023-026 江苏恒立液压股份有限公司 公司 2023 年半年度报告及半年度报告摘要的内容与本公告同日披露于上 海证券交易所网站 www.sse.com.cn。 公司全体董事、监事、高级管理人员对公司《2023年半年度报告及其摘要》 签署了书面确认意见，公司监事会以决议的形式对该报告及其摘要进行了确认。 该议案内容与本公告同日披露 ...

证券代码：601100 证券简称：恒立液压 公告编号：2023- 030 江苏恒立液压股份有限公司 会议召开时间：2023 年 09 月 27 日(星期三) 下午 16:00- 17:00 会议召开地点：上海证券交易所上证路演中心（网址： https://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 09 月 20 日(星期三) 至 09 月 26 日(星期 二)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 hlzqb@hengli.net 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。 江苏恒立液压股份有限公司（以下简称"公司"）已于 2023 年 8 月 29 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 27 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 ...

Financial Performance - The company achieved a net profit of ¥1,291,303,170.39 for the year 2022, with a statutory reserve of ¥77,015,000.18 and distributed dividends of ¥952,912,800.00 for the previous year[2]. - The proposed cash dividend for 2022 is ¥6.20 per 10 shares, totaling ¥831,309,015.04, with retained earnings of ¥2,607,059,817.46 to be carried forward[2]. - The total available profit for distribution to shareholders at the end of the reporting period was ¥3,438,368,832.50[2]. - The company's operating revenue for 2022 was ¥8,196,713,892.30, a decrease of 11.95% compared to ¥9,309,218,098.53 in 2021[15]. - The net profit attributable to shareholders for 2022 was ¥2,342,722,203.00, down 13.03% from ¥2,693,599,997.73 in the previous year[15]. - The net cash flow from operating activities decreased by 26.18% to ¥2,063,626,782.41 in 2022 from ¥2,795,650,375.60 in 2021[15]. - Basic earnings per share for 2022 were ¥1.79, a decline of 13.11% from ¥2.06 in 2021[16]. - The weighted average return on equity decreased to 22.60% in 2022 from 32.83% in 2021, a drop of 10.23 percentage points[16]. - The company reported a net profit of ¥692,106,722.94 in Q3 2022, with a total revenue of ¥2,033,133,653.67 for that quarter[19]. - Non-recurring gains and losses for 2022 amounted to ¥111,931,387.78, compared to ¥136,099,507.91 in 2021[20]. Market and Sales Performance - Revenue from hydraulic cylinder products fell by 12% year-on-year, while revenue from hydraulic pump and valve products decreased by 15% due to the downturn in the downstream industry[16]. - In 2022, excavator sales in China decreased by 44.6% year-on-year, totaling 151,889 units, while exports increased by 59.8%, reaching 109,457 units[25]. - The company achieved stable growth in non-standard hydraulic cylinder sales, particularly in emerging sectors, and increased its market share in overseas excavator cylinder sales[24]. - Domestic sales revenue was 6.414 billion RMB, a decrease of 20.43% year-on-year, while foreign sales revenue increased by 41.94% to 1.753 billion RMB[30]. Research and Development - The company has developed 538 new products in 2022, with 323 of them outside the construction machinery sector, maintaining a product quality rate above 98%[26]. - The company is focusing on electric control technology, with its electric control products gaining market share in the excavator sector[26]. - The company is committed to increasing R&D investment to drive future growth and profitability improvements[26]. - The company holds a total of 584 valid patents, including 13 foreign invention patents and 85 domestic invention patents[27]. - The company’s R&D expenses amounted to ¥649,953,443.75, representing 7.93% of total revenue, with no capitalized R&D expenses[40]. Strategic Development - The company plans to continue its strategic development and expansion in the hydraulic equipment market[2]. - The company plans to invest 25 million yuan in the Hengli Mexico project, which is currently under construction and expected to be operational by Q4 2023[24]. - The company is advancing its strategic projects, including the linear actuator project with an investment of 140 million yuan, expected to be operational by Q1 2024[24]. - The company aims for a 10% year-on-year growth in revenue for 2023[52]. - The company intends to accelerate its internationalization strategy, particularly in Europe, North America, and Southeast Asia[54]. Financial Position and Assets - The company's total assets increased by 31.37% to ¥16,201,076,162.33 at the end of 2022, compared to ¥12,332,043,327.93 at the end of 2021[15]. - Cash and cash equivalents at the end of the period reached ¥6,886,222,371.48, accounting for 42.50% of total assets, an increase of 89.04% compared to the previous period[43]. - The company's total equity rose to ¥12,677,936,185.41, which is 78.25% of total assets, reflecting a 37.22% increase due to funds raised from a private placement of shares[44]. - The company reported a significant increase in contract liabilities, which rose by 206.78% to ¥366,370,753.80, accounting for 2.26% of total assets, due to an increase in advance payments from signed sales contracts[43]. Governance and Compliance - The company’s financial report has been audited by Rongcheng Accounting Firm, which issued a standard unqualified audit opinion[2]. - The company’s board of directors and supervisory board members have all attended the board meeting, ensuring accountability for the report's accuracy[2]. - The company has established internal control systems and conducted audits, with no significant deficiencies reported during the period[90][92]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[100]. - The company has not reported any changes in shareholding for its directors and senior management during the reporting period[62]. Environmental and Social Responsibility - The company has invested RMB 1,300,000 in environmental protection during the reporting period[94]. - The company plans to construct a grid-connected photovoltaic power generation system with a capacity of 5,245.9 kWp, expected to save 1,593.34 tons of standard coal and reduce carbon emissions by 9,120 tons per year[102]. - The company has allocated RMB 144,000 for social responsibility initiatives, including donations and public welfare projects[104]. - The company is focusing on sustainability initiatives, aiming to reduce operational carbon emissions by 25% over the next five years[65]. Shareholder Information - The company achieved a net profit of ¥1,291,303,170.39 in 2022, with a proposed cash dividend of ¥6.20 per 10 shares, totaling ¥831,309,015.04 to be distributed to shareholders[86]. - The total number of ordinary shareholders increased to 40,989 by the end of the reporting period, up from 39,119[122]. - The company declared a cash dividend of RMB 831,309,015.04, which accounts for 35.48% of the net profit attributable to ordinary shareholders in the consolidated financial statements[88]. Risk Management - The company faces risks related to policy changes, market fluctuations, exchange rate volatility, and raw material price fluctuations[54]. - The company has not reported any significant litigation or arbitration matters during the reporting period[111]. - The company will not engage in any competing business activities that may harm its interests, as per commitments from its controlling shareholders[107].

Financial Performance - The company's operating revenue for Q1 2023 was ¥2,427,015,613.46, representing a 10.30% increase compared to ¥2,200,388,645.04 in the same period last year[4]. - Net profit attributable to shareholders was ¥625,523,317.19, an 18.44% increase from ¥528,156,293.19 year-on-year[4]. - Basic earnings per share rose to ¥0.47, up 20.51% from ¥0.40 in the same period last year[5]. - Net profit for Q1 2023 was ¥626,522,607.07, compared to ¥529,018,257.66 in Q1 2022, representing a year-over-year increase of 18.5%[21]. - Earnings per share for Q1 2023 were ¥0.47, up from ¥0.39 in Q1 2022, indicating a growth of 20.5%[22]. - The company reported a total comprehensive income of ¥650,059,844.80 for Q1 2023, compared to ¥525,353,835.82 in Q1 2022, indicating an increase of 23.7%[22]. Cash Flow - The net cash flow from operating activities increased by 22.95% to ¥350,620,286.11 from ¥285,167,319.54 in the previous year[5]. - In Q1 2023, the net cash flow from operating activities was CNY 350,620,286.11, an increase of 23% compared to CNY 285,167,319.54 in Q1 2022[24]. - The total cash inflow from operating activities was CNY 1,956,119,496.78, slightly down from CNY 1,976,040,633.10 in the same period last year[24]. - The cash outflow for operating activities decreased to CNY 1,605,499,210.67 from CNY 1,690,873,313.56, reflecting improved operational efficiency[24]. - The cash flow from investing activities showed a net inflow of CNY 191,551,785.25, compared to CNY 142,797,219.23 in the previous year[24]. - The cash inflow from investment activities was CNY 455,445,964.30, significantly lower than CNY 1,283,157,067.15 in Q1 2022, indicating a reduction in investment recovery[24]. - The cash outflow for investment activities was CNY 263,894,179.05, down from CNY 1,140,359,847.92 in the same quarter last year[24]. - The net cash flow from financing activities was negative at CNY -24,472,377.61, an improvement from CNY -161,840,798.66 in Q1 2022[24]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥16,949,830,357.87, a 4.62% increase from ¥16,201,076,162.33 at the end of the previous year[5]. - Total current assets as of March 31, 2023, amounted to 12,933,491,386.75 RMB, an increase from 12,326,695,954.97 RMB in the previous year[17]. - Cash and cash equivalents increased to 7,397,731,657.22 RMB from 6,886,222,371.48 RMB year-over-year[17]. - Accounts receivable rose to 1,407,593,943.71 RMB, up from 1,111,907,680.73 RMB in the previous year, indicating a growth of approximately 26.6%[17]. - Inventory as of March 31, 2023, was 1,790,537,782.43 RMB, slightly up from 1,765,545,027.07 RMB year-over-year[17]. - Total non-current assets reached 4,016,338,971.12 RMB, compared to 3,874,380,207.36 RMB in the previous year[18]. - Total liabilities as of Q1 2023 amounted to ¥3,619,471,359.18, an increase from ¥3,523,139,976.92 in the previous year[19]. - Total equity attributable to shareholders reached ¥13,281,355,098.99 in Q1 2023, up from ¥12,629,977,725.49 in Q1 2022, reflecting a growth of 5.1%[19]. Shareholder Information - Total number of common shareholders at the end of the reporting period was 39,119[13]. - The largest shareholder, Changzhou Hengyi Intelligent Equipment Co., Ltd., holds 495,474,869 shares, accounting for 36.95% of total shares[13]. Research and Development - Research and development expenses increased to ¥141,424,687.70 in Q1 2023, compared to ¥113,529,375.51 in Q1 2022, marking a rise of 24.6%[20]. Taxation - The company reported a 1,422.85% increase in tax refunds received, primarily due to the return of excess value-added tax[10]. - The company received CNY 5,312,474.54 in tax refunds, a significant increase from CNY 348,850.28 in the previous year[24]. - The company reported a decrease in cash paid for taxes to CNY 155,760,100.80 from CNY 216,465,897.41 in Q1 2022, indicating a favorable tax environment[24]. Other Information - The company completed the registration of a non-public stock issuance, increasing the total share capital to 1,340,820,992 shares[6]. - The company has not disclosed any significant new strategies or product developments in the current report[16].