证券代码：601311 证券简称：骆驼股份 公告编号：临 2023-036 骆驼集团股份有限公司 二、 说明事项 （一）上述主要经营数据为初步核算数据，未经会计师审计且仅作为阶段性 经营数据供投资者参考，不能以此推算公司三季度业绩情况，敬请投资者理性投 资，注意风险。 （二）公司指定信息披露媒体为上海证券交易所网站（www.sse.com.cn）及 《上海证券报》《中国证券报》《证券时报》，有关公司信息以在上述指定媒体 刊登的公告为准。 特此公告。 骆驼集团股份有限公司 董事会 2023 年 9 月 27 日 关于 2023 年 1 至 8 月主要经营数据的公告 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。 一、 主要经营情况 骆驼集团股份有限公司（以下简称"公司"）2023 年 1 至 8 月生产经营情 况稳健。公司积极贯彻落实"2023 年集团十大关键举措"，持续推进新能源转 型和国际化战略，主营业务汽车低压电池销量持续增长。经初步核算，公司 2023 年 1 至 8 月实现营业收入同比增长约 7%、归属于上市公司 ...

Financial Performance - Revenue for the reporting period reached 6,531.08 million yuan, a year-on-year increase of 6.79%[78] - Net profit attributable to shareholders of the listed company was 280.40 million yuan, a year-on-year increase of 38.06%[78] - Revenue increased by 6.79% to RMB 6,531,075,632.34, driven by higher sales of low-voltage batteries[127] - Net profit attributable to shareholders increased by 38.06% to 280.40 million yuan[190] - Basic earnings per share increased by 41.18% to 0.24 yuan per share compared to the same period last year[170] - Diluted earnings per share also increased by 41.18% to 0.24 yuan per share[170] - Weighted average return on equity (ROE) increased by 0.72 percentage points to 3.08%[170] - Net cash flow from operating activities improved significantly to RMB 198,895,476.16, compared to a negative RMB 157,444,077.52 in the previous period[127] Business Segments and Products - The company's main business includes automotive low-voltage battery business, recycling business, and energy storage business, focusing on the "green lead-acid battery platform" and "new energy lithium battery platform"[14] - The company's automotive low-voltage lithium batteries are primarily sold directly to OEMs, leveraging its technical expertise, product quality, and long-standing relationships with OEMs[17] - The company has established a comprehensive product matrix for automotive low-voltage batteries, offering both lead-acid and lithium solutions to meet diverse market demands[70] - The company's automotive low-voltage lead-acid battery products include starting batteries, start-stop batteries, new energy vehicle auxiliary batteries, and commercial vehicle parking air conditioning batteries[195] - The company's automotive low-voltage lithium battery products include 12V new energy vehicle auxiliary batteries, 24V parking air conditioning batteries, 48V start-stop batteries, backup power supplies, and energy storage batteries[196] - The company's low-voltage lead-acid battery capacity, sales, and market share have ranked first in the country for many consecutive years[195] - The company's low-voltage lithium battery products meet the performance requirements of electric brakes, electric power steering, and advanced driver assistance systems in pure electric vehicles[194] - The company's 24V lithium parking air conditioning battery can meet most of the daily power needs of commercial vehicles when the traditional internal combustion engine is not working[194] - The company's 48V lithium start-stop system uses a more efficient and energy-saving motor system, optimizing emissions and fuel consumption[194] Recycling and Environmental Initiatives - The new capacity of the recycled lead industry in 2022 was approximately 1.6 million tons, equivalent to over 2.5 million tons of used batteries[21] - The supply of used batteries, the main raw material for recycled lead, has shown a slight annual increase, but illegal recycling and disposal have led to tight supply for compliant companies[21] - The demand for used batteries has increased due to the resumption of production and new projects in the recycled lead industry, leading to a widening supply-demand gap and higher recycling prices[21] - The high cost of raw materials has compressed the profit margins of the recycled lead industry, resulting in a decline in industry gross margins[21] - The company processed approximately 350,000 tons of waste lead-acid batteries, an increase of 8.5% year-on-year[59] - The company completed the development of a 10,000-ton waste lithium battery crushing production line and is optimizing subsequent processes such as leaching, extraction, MVR, and ternary synthesis[60] - The company's lead-acid battery recycling capacity reached 860,000 tons per year, forming a closed-loop resource utilization system[181] - The company is constructing a 100,000-ton waste lithium battery recycling project (Phase I), currently in the infrastructure and partial equipment debugging phase[94] - The company's recycled lead-acid battery volume increased by approximately 138% year-over-year, driven by a combination of self-operated and cooperative business models[110] Research and Development - The company has advanced R&D platforms, including a national enterprise technology center, CNAS laboratory, and postdoctoral research workstation, and has participated in drafting international standards for lead-acid batteries[52] - The company completed technical docking with 20 customers and secured 17 project contracts, including multiple vehicle models from Geely, FAW Jiefang, FAW Hongqi, and an international high-end automaker for 12V lithium batteries[55] - The company achieved project contracts for 24V lithium batteries with Foton Daimler, FAW Jiefang, Geely, BAIC Foton, and Great Wall[55] - The company completed the sample testing of liquid-cooled energy storage R&D projects and the construction of a self-developed EMS product platform[56] - The company completed the development of liquid-cooled battery cluster projects and the iterative R&D of household energy storage BMS in the energy storage battery sector[106] - The company's R&D efforts in lead-acid batteries included optimizing AGM/EFB start-stop batteries, parking air-conditioning batteries, and new energy vehicle auxiliary batteries, with key projects completed for Volkswagen EFB batteries and golf cart 3D/4D batteries[102] - R&D expenses surged by 35.98% to RMB 118,371,048.97, reflecting increased investment in innovation[127] - The company completed 74 patent applications in the first half of the year, with a cumulative total of 68 authorized patents[85] - The company has 365 valid patents as of the end of the reporting period[85] - The company completed 87 patent applications and accumulated 20 authorized patents in the lead-acid battery platform, with a total of 752 valid patents by the end of the reporting period[104] - The company has 1,117 valid patents, consolidating and enhancing its core competitiveness[68] - The company has 365 authorized patents in the new energy business field, covering areas such as power battery materials, cells, PACK, BMS, fuel cell systems, and battery recycling[69] Market and Sales Performance - In the first half of 2023, China's automobile production and sales reached 13.248 million and 13.239 million units, respectively, with year-on-year growth of 9.3% and 9.8%[39] - Sales in the maintenance and replacement market increased by 19.3% year-on-year, with market share rising to 31%[87] - EFB start-stop battery sales increased by 51% year-on-year, and parking air conditioning battery sales increased by 40% year-on-year[87] - The company's automotive low-voltage lead-acid battery sales increased by 12.3% year-over-year in the first half of the year, with parking air-conditioning battery sales growing nearly 50%[108] - The company achieved a year-over-year growth of approximately 8.7% in overseas market sales during the first half of the year[112] - The company's new energy vehicle auxiliary battery sales increased by nearly 40% year-over-year, and the market share in the host supporting market reached approximately 48.6%[109] - The company's automotive low-voltage lead-acid battery sales reached 16.23 million KVAH, a year-on-year increase of 12.3%[196] - The company's market share in the host supporting market is approximately 48.6%, and in the domestic maintenance replacement market, it increased to 31%[196] - The company has established partnerships with over 2,900 dealers and 90,000 terminal stores nationwide[176] - The company has formed stable supply relationships with over 200 automobile manufacturers[176] - The company's service provider activity rate exceeded 80%, with the establishment of over 2,900 "You Neng Da" service providers and nearly 97,000 "You Neng Da" terminal stores[122] - Overseas market development: 19 new customers were developed, including securing the Indonesia Sany project, and the US factory project was completed with an annual capacity of approximately 1 million KVAH[124] Subsidiary Performance - Subsidiary performance: Camel Xiangyang generated the highest revenue at RMB 2,067,492,888.78, while Camel New Energy Battery reported a loss of RMB 4,860,050.21[129] - Total assets of Camel Xiangyang reached 305,269.62 million yuan, with net assets of 190,012.02 million yuan and a net profit of 13,086.22 million yuan[146] - Camel Central China's total assets were 64,604.39 million yuan, with net assets of 41,297.29 million yuan and a net profit of 3,373.50 million yuan[146] - Camel Sales reported total assets of 286,173.58 million yuan, net assets of 8,425.78 million yuan, and a net profit of 1,347.92 million yuan[146] - Camel Trade's total assets were 163,005.17 million yuan, with net assets of 27,053.82 million yuan and a net profit of 9,230.95 million yuan[146] - Camel New Energy Battery recorded total assets of 98,420.98 million yuan, net assets of 76,563.14 million yuan, but a net loss of 5,546.13 million yuan[146] - Camel South China's total assets were 95,780.86 million yuan, with net assets of 89,878.05 million yuan and a net profit of 2,518.54 million yuan[146] - Apollo Company reported total assets of 46,470.64 million yuan, net assets of 42,345.07 million yuan, and a net profit of 3,111.36 million yuan[146] - Hubei Jinyang's total assets were 92,969.65 million yuan, with net assets of 81,630.55 million yuan and a net profit of 3,997.36 million yuan[148] - Chukai Metallurgy's total assets were 49,174.14 million yuan, with net assets of 44,395.12 million yuan and a net profit of 741.80 million yuan[148] - Camel Plastics reported total assets of 52,220.18 million yuan, net assets of 46,917.56 million yuan, and a net profit of 3,247.06 million yuan[148] Non-Recurring Items and Government Subsidies - The company's non-recurring gains and losses for the period amounted to RMB 35,827,527.86, including government subsidies of RMB 24,314,699.37 and debt restructuring gains of RMB 4,007,197.08[13] Financial Assets and Investments - The company's trading financial assets increased by 259.93% to 576.35 million yuan, mainly due to increased purchases of financial products[40] - The company's overseas assets amounted to 1.158 billion yuan, accounting for 8.38% of total assets[40] - The company's total external equity investment during the reporting period was approximately 39.8 million yuan, primarily for the acquisition of minority equity in Jiangxi Jinyang[113] Industry and Market Trends - China brand passenger car sales reached 5.986 million units in the first half of the year, a year-on-year increase of 22.4%, with a market share of 53.1%[194] - New energy vehicle production and sales reached 3.788 million and 3.747 million units respectively, a year-on-year increase of 42.4% and 44.1%, with a market share of 28.3%[194] - Domestic lead-acid battery production capacity is approximately 33 million KVAH/year, and overseas lead-acid battery production capacity is approximately 3 million KVAH/year[76] - The company's waste lead-acid battery recycling and processing capacity is 860,000 tons/year[76] Risks and Challenges - Raw material price fluctuation risk: The company faces potential risks due to price volatility of metals and non-metals used in low-voltage batteries[132] - Environmental compliance costs: Increasing environmental regulations in manufacturing, sales, and recycling processes are expected to raise costs[133] - Exchange rate risk management: The company is actively monitoring global market dynamics and optimizing risk management processes to mitigate currency fluctuations[137] Employee and Corporate Governance - Employee stock ownership plan: The second phase of the employee stock ownership plan was approved, aiming to enhance employee engagement and retention[142] Energy Storage and New Energy Initiatives - The company is actively building a "new energy lithium battery recycling industry chain" and implementing a "dual-wheel drive" strategy[50] - The company has established a circular economy model in the automotive low-voltage lead-acid battery sector, covering production, sales, recycling, regeneration, and reuse[50] - The company's energy storage products have obtained certification qualifications in Europe, North America, Oceania, and Africa, and have been sold to multiple countries in these regions[58] - The company's low-carbon industrial park project (Phase I) started construction in July, with an initial capacity of 4 million sets of low-voltage lithium batteries and 2GWh of energy storage batteries[177] - The company completed 17 project milestones for 12V/24V/48V low-voltage lithium battery products[177]

骆驼集团股份有限公司独立董事 关于第九届董事会第九次会议相关事项的独立意见 我们对上述议案进行了认真审阅并了解了原材料碳酸锂近几年的价格变动 情况，我们认为,为有效规避市场风险，减少原材料碳酸锂价格波动对公司生产 经营的影响，公司根据业务需要增加碳酸锂期货套期保值业务具有必要性和可行 性。公司制定了《套期保值业务管理制度》，建立了相应的业务审批流程和风险 控制等内控机制以有效防控套期保值业务风险，不存在损害公司及股东利益的情 形,符合国家有关法律、法规及《公司章程》的规定。 我们同意公司增加碳酸锂期货套期保值业务。 独立董事：黄德汉 黄云辉 沈烈 2023 年 8 月 24 日 根据中国证监会《上市公司独立董事规则》、《上海证券交易所股票上市 规则》、《上海证券交易所上市公司自律监管指引第 1 号——规范运作》和《骆 驼集团股份有限公司章程》（以下简称"《公司章程》"）等有关规定，我们作 为骆驼集团股份有限公司（以下简称"公司"）的独立董事，对公司第九届董事 会第九次会议审议的相关议案发表如下独立意见： 关于增加碳酸锂期货套期保值业务的独立意见 根据《关于增加碳酸锂期货套期保值业务的议案》，公司拟增加碳酸锂期 ...

证券代码：601311 证券简称：骆驼股份 公告编号：临2023-033 骆驼集团股份有限公司 第九届董事会第九次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的 虚假记载、误导性陈述或重大遗漏负连带责任。 一、董事会会议召开情况 详见上海证券交易所网站 www.sse.com.cn 披露的《骆驼股份2023年半年度 报告全文》和《骆驼股份2023年半年度报告摘要》。 表决结果：有效表决票共8票，其中同意票为8票，反对票为0票，弃权票为 0票。 （二）审议通过《关于增加碳酸锂期货套期保值业务的议案》 为减少碳酸锂价格波动对公司生产经营产生的影响，公司拟增加碳酸锂期 货套期保值业务。公司拟投资资金不超过人民币 9,000 万元（不包括交割当期 头寸而支付的全额保证金），择机开展铅、锡、碳酸锂期货套期保值业务。该决 议期限为自董事会审议通过之日起12个月，在期限内资金额度可循环滚动使用； 期限内任一时点的交易金额（含前述投资的收益进行再投资的相关金额）不应超 过上述额度；期限内任一交易日持有的最高合约价值不超过90,000万元。在上述 （一）本次董事会会议的召开和表决符合《公司法》及《 ...

证券代码：601311 证券简称：骆驼股份 公告编号：临2023-035 （一）交易目的 公司主营业务包括汽车低压铅酸电池、汽车低压锂电池、再生铅、锂电池回 收等，受供需关系、宏观经济形势、汇率变动等影响，近年来铅、锡、碳酸锂价 格出现波动，为降低生产经营过程中因原材料、在产品/产成品价格波动带来的 风险，公司决定开展铅、锡、碳酸锂期货套期保值业务。 骆驼集团股份有限公司 关于增加碳酸锂期货套期保值业务的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的 虚假记载、误导性陈述或重大遗漏负连带责任。 近年来，碳酸锂的价格波动较大，对公司原材料的采购成本以及公司产品的 库存价值有很大的影响，公司拟增加碳酸锂期货套期保值业务。公司于 2023 年 8 月 24 日召开的第九届董事会第九次会议，审议通过了《关于增加碳酸锂期货 套期保值业务的议案》，同意增加碳酸锂期货套期保值业务。 增加碳酸锂套期保值期货品种后，公司的期货套期保值业务开展情况如下： 一、交易情况概述 公司套期保值业务管理的风险敞口为经营生产中的铅、锡、碳酸锂现货，包 括铅、锡、碳酸锂等原料库存或采购合同，成品库存或销售合同，均与期货市 ...

第九届监事会第六次会议决议公告 本公司及监事会全体成员保证公告内容的真实、准确和完整，对公告的虚 假记载、误导性陈述或重大遗漏负连带责任。 一、监事会会议召开情况 （一）本次监事会会议的召开和表决符合《公司法》及《公司章程》的有关 规定，会议决议合法有效。 （二）本次监事会会议通知于 2023 年 8 月 14 日通过 OA 办公软件送达全体 监事。 证券代码：601311 证券简称：骆驼股份 公告编号：临 2023-034 骆驼集团股份有限公司 2、公司 2023 年半年度报告的内容和格式符合中国证监会和上海证券交易所 的要求，所包含的信息能全面反映公司 2023 年半年度的经营管理状况和财务情 况； 3、在提出本意见前，未发现参与 2023 年半年度报告编制的人员和审议的人 员有违反保密规定的行为。 表决结果：赞成 3 票，反对 0 票，弃权 0 票。 （三）本次监事会于 2023 年 8 月 24 日以现场方式召开。 （四）本次监事会应参加会议监事 3 人，实际参会 3 人。 （五）本次监事会由监事会主席王洪艳女士主持。 二、监事会会议审议情况 审议通过《关于公司 2023 年半年度报告全文及摘要的议案 ...

证券代码：601311 证券简称：骆驼股份 公告编号：临 2023-032 骆驼集团股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 08 月 31 日(星期四) 下午 15:00-16:00 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 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 年上半年的经营 成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一） 会议召开时间：2023 年 08 月 31 日 下午 15:00-16:00 （二） 会议召开地点：上证路演中心 （三） 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 08 月 24 日(星期四) 至 ...

骆驼集团股份有限公司（以下简称"公司"）控股股东刘国本先生持有公 司股份数量 278,373,337 股，占公司总股本的 23.73%。本次解除质押后，刘国 本先生累计质押公司股份 0 股，占公司总股本的 0.00%。 截至本公告日，公司控股股东刘国本先生及其一致行动人湖北驼峰投资 有限公司（以下简称"驼峰投资"）、睿亿投资揽月六期私募证券投资基金 A 证券代码：601311 证券简称：骆驼股份 公告编号：临 2023-031 骆驼集团股份有限公司 关于公司控股股东股份解除质押的公告 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: 特此公告。 （以下简称"睿亿基金"）合计持有公司股份数量 444,755,346 股，占公司总股 本的 37.91%；本次解除质押后，公司控股股东及其一致行动人累计质押 74,451,000 股，占其持有公司股份总数的 16.74%，占公司总股本的 6.35%。 二、控股股东及其一致行动人股份累计质押情况 本次解除质押后，公司控股股东及其一致行动人累计质押情况如下： | 股东名 ...

□是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 | --- | --- | --- | |-----------------------------------------------|------------------|-------------------------------------| | 项目 | 本报告期 | 本报告期比上年同期增减 变动幅度 (%) | | 营业收入 | 3,295,036,707.55 | 5.85 | | 归属于上市公司股东的净利润 | 163,780,724.57 | 16.88 | | 归属于上市公司股东的扣除非经常 性损益的净利润 | 123,914,184.33 | -8.70 | | 经营活动产生的现金流量净额 | -65,261,777.23 | 不适用 | | 基本每股收益（元 /股） | 0.14 | 16.34 | | 稀释每股收益（元 /股） | 0.14 | 16.34 | | 加权平均净资产收益率（%） | 1.81 | 增加 0.18 个百分点 | 1 / 13 2023 年第一季度报告 | --- | --- | --- | - ...

Financial Performance - The net profit attributable to shareholders for 2022 was CNY 470,020,362.31, a decrease of 43.49% year-on-year[32]. - The basic earnings per share for 2022 was CNY 0.40, down 45.21% from CNY 0.73 in 2021[28]. - The weighted average return on equity decreased to 5.37% in 2022, down 5.18 percentage points from 10.55% in 2021[28]. - The net profit after deducting non-recurring gains and losses was CNY 51,259.11 million, a decrease of 33.74% year-on-year[32]. - The net cash flow from operating activities for 2022 was CNY 24,583.81 million, down 67.87% from CNY 76,522.31 million in 2021[81]. - The company reported a net profit of CNY 170,579,625.63 in the fourth quarter of 2022[29]. - The total impact of non-recurring gains and losses for the reporting period was -42,570,692.41, with a significant tax impact of -21,105,738.96[67]. - The company reported a total of 15,400,648.25 in other non-recurring gains for the period[67]. Dividend and Equity - The company plans to distribute a cash dividend of CNY 2.00 per 10 shares, totaling CNY 234,629,223.60, which accounts for 49.92% of the annual net profit[3]. - The total equity of the company as of March 31, 2023, was 1,173,146,118 shares[3]. - The company’s retained earnings as of December 31, 2022, were CNY 3,511,949,348.24[3]. - The net assets attributable to shareholders at the end of 2022 were CNY 896,603.71 million, up 5.64% from CNY 848,696.12 million at the end of 2021[81]. Revenue and Sales - The company achieved operating revenue of CNY 1,342,536.09 million in 2022, representing a year-on-year growth of 8.24%[32]. - The company's operating revenue for 2022 was CNY 1,342,536.09 million, an increase of 8.24% compared to CNY 1,240,345.45 million in 2021[81]. - The sales volume of lead-acid batteries increased by 32.5% year-on-year, with a significant quarter-on-quarter growth of 26.2% in Q4[86]. - The company achieved a year-on-year increase of 270% in sales of auxiliary batteries for new energy vehicles, with 12 new projects developed in this area[36]. - The company expanded its overseas market, achieving a year-on-year sales growth of approximately 31.4%, with products exported to 140 ports across 64 countries and regions[48]. - Online sales orders increased by 30% year-on-year, with online sales market share reaching 40.9%[47]. Market and Product Development - The company's commercial vehicle supporting market faced significant pressure, with annual sales declining approximately 40% year-on-year[33]. - In 2022, the company completed the mass production and model switching of 55 vehicle models, including exclusive supply for two commercial vehicles from Jianghuai Automobile and export commercial vehicles from China National Heavy Duty Truck[33]. - The company maintained a market share of approximately 48.6% in the supporting market, despite a year-on-year sales decline of about 11.2%[33]. - The company completed 62 project appointments, including new projects with high-end clients such as BMW and Scania[33]. - The company has established a multi-point layout overseas to deepen market penetration and drive sales growth[69]. - The company developed 18 new B2B clients during the reporting period, securing projects with KIA and Perodua[88]. - The company has established five overseas subsidiaries, including in Germany and Indonesia, and initiated a pilot for an overseas warehousing model[88]. Research and Development - R&D investment reached 52.85 million yuan, a year-on-year increase of 7.52%, accounting for 3.94% of operating revenue[36]. - The company holds 739 valid patents as of the end of 2022, with 149 patent applications completed during the year[38]. - The company completed 193 patent applications and received 102 authorized patents in 2022, totaling 296 valid patents by the end of the year[140]. - The company’s R&D centers in Xiangyang, Wuhan, and the US (Germany) closely track global advancements in battery technology, with a strong R&D team supporting innovation[187]. Environmental and Recycling Initiatives - The company is actively developing a "green lead-acid recycling industry chain," enhancing the production of recycled lead products while ensuring compliance with emission standards[50]. - The company has a waste lead-acid battery recycling capacity of 860,000 tons per year, forming a complete resource closed-loop and recycling utilization system[154]. - The company processed approximately 670,000 tons of waste lead-acid batteries during 2022, representing a year-on-year growth of about 10%, with around 70% of the produced lead used for self-supply[170]. - The company has established 20 centralized transfer points, 2,520 collection points, and 299 joint recycling units by the end of the reporting period[170]. - The company’s recycling of waste lead-acid batteries contributes to alleviating the shortage of lead raw materials, with the number of enterprises processing over 100,000 tons of waste batteries increasing to over 40 in 2022[177]. Strategic Initiatives - The company is advancing the "You Neng Da" and "Integrated Purchase and Sales" initiatives to enhance operational efficiency[69]. - The company has developed a brand management system with five major automotive low-voltage battery brands, enhancing market positioning[194]. - The company aims to strengthen its market presence through differentiated brand operations and improved service capabilities for local distributors[193]. - The company has adopted a light-asset operation model for energy storage products, mitigating risks from raw material price fluctuations[190]. Future Outlook - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute substantive commitments to investors[73]. - The company plans to achieve full production capacity at its Malaysia plant in 2023 and expects the U.S. plant to reach production capacity in the first half of 2023[88].