证券代码：603109 证券简称：神驰机电 公告编号：2023-077 神驰机电股份有限公司 关于董事辞职的公告 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。 公司董事会近日收到公司董事艾刚先生的书面辞职报告。艾刚先生因个人原 因，申请辞去公司董事职务，自辞职报告送达董事会时生效。辞职后，艾刚先生 将不再担任公司任何职务。艾刚先生确认与本公司董事会无不同意见，也没有就 本人的辞职需要知会本公司股东的任何事项。 艾刚先生的辞职未导致公司董事会成员数量低于《公司法》规定最低人数， 不会影响公司董事会正常运作。公司董事会将根据《公司法》、《上海证券交易所 股票上市规则》、《公司章程》等相关规定尽快进行董事补选。艾刚先生在公司任 职期间，恪尽职守、勤勉尽责。公司董事会对艾刚先生在任职期间为公司发展作 出的贡献表示衷心的感谢！ 特此公告。 神驰机电股份有限公司董事会 2023 年 8 月 11 日 ...

国浩律师（重庆）事务所 关于 向不特定对象发行可转换公司债券 神驰机电股份有限公司 之 补充法律意见书（二） 中国重庆市江北区江北城西大街 25 号平安财富中心 8 楼 邮编：400023 8th Floor, Pingan Fortune Centre, No.25 West Avenue, Jiangbei Town, Jiangbei District, Chongqing, P.R.China 电话/Tel: +86 23 8679 8588 6775 8383 传真/Fax: +86 23 8679 8722 网址/Website: http://www.grandall.com.cn 二零二三年八月 国浩律师（重庆）事务所 关于神驰机电股份有限公司 向不特定对象发行可转换公司债券之 补充法律意见书（二） 第一节 引言 致：神驰机电股份有限公司 | 第一节 | 引言 2 | | --- | --- | | 第二节 | 《问询函》回复 4 | | 第三节 | 签署页 14 | 国浩律师（重庆）事务所 补充法律意见书（二） 国浩律师（重庆）事务所（以下简称"本所"）作为神驰机电股份有限公司向 不特定对象 ...

股票简称：神驰机电 股票代码：603109 神驰机电股份有限公司 与 申万宏源证券承销保荐有限责任公司 关于神驰机电股份有限公司 向不特定对象发行可转债申请文件的 审核问询函的回复 （第二轮） 保荐人（主承销商） （新疆乌鲁木齐市高新区（新市区）北京南路358号大成国际大厦20楼2004室） $$\Xi{\bf{\hat{O}}}\,{\bf{\hat{=}}}\,\Xi{\bf{\hat{\mp}}}\,J(\backslash\,\Xi)$$ 7-1-1 上海证券交易所： | | | | 目 录 3 | | --- | | 问题1.关于前次募投项目 4 | | 问题2.关于经营合规性 12 | 问题 1.关于前次募投项目 根据前次审核问询回复，1）公司前次募集资金到位时间为 2019 年 12 月 24 日，后因项目原定土地北碚区蔡家组团 B 标准分区 B24-1/02 地块土地使用 规划可能调整导致项目建设搁置，直至 2022 年 4 月公司收购了重庆精进能源有 限公司 100%股权（该公司拥有 203,022 平方米的土地）后土地问题得以解决； 2022 年 10 月 27 日，公司召开董事会变更前次 ...

关 于 神 驰 机 电 股 份 有 限 公 司 向 不 特 定 对 象 发 行 可 转 换 公 司 债 券 的 审 核 问 询 函 的 回 复 天 职 业 字 [2023]21250-12 号 关于神驰机电股份有限公司 向不特定对象发行可转换公司债券的审核问询函的回复 天职业字[2023]21250-12 号 上海证券交易所： 根据贵所 2023 年 8 月 4 日下发的《关于神驰机电股份有限公司向不特定对象发行可转债申 请文件的审核问询函》（上证上审（再融资）（2023）552 号）（以下简称"问询函"）的要求， 天职国际会计师事务所（特殊普通合伙）（以下简称"申报会计师"）对问询函中涉及申报会计 师的相关问题回复如下: 公司 2021 年股权激励实际授予登记的 200 名激励对象中存在 25 人在股权激励时点为非 公司员工而不符合授予条件,其中 16人系发行人实际控制人暨时任董事长兼总经理艾纯控制 的公司员工,另外9人系为发行人提供潜在客户产品需求信息等业务支持的外部人员,公司 已及时进行整改，相关股权激励不涉及资金占用等利益输送行为，详情如下: (1) 2021年股权激励实施授予情况 2021年7月7日 ...

审核问询函（第二轮）回复的提示性公告 证券代码：603109 证券简称：神驰机电 公告编号：2023-076 神驰机电股份有限公司 关于向不特定对象发行可转换公司债券申请文件 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。 神驰机电股份有限公司(以下简称"公司")于 2023 年 8 月 4 日收到上海 证券交易所(以下简称"上交所")出具的《关于神驰机电股份有限公司向不特定 对象发行可转换公司债券申请文件的审核问询函》(上证上审（再融资）〔2023〕 552 号)，上交所审核机构对公司向不特定对象发行可转换公司债券申请文件进 行了审核，并形成了第二轮问询问题。公司收到审核问询函后，会同相关中介机 构结合公司情况就审核问询函中提出的问题进行了认真研究和逐项落实，现将审 核问询函回复进行公开披露，具体内容详见公司在上交所网站(www.sse.com.cn) 披露的《神驰机电股份有限公司与申万宏源证券承销保荐有限责任公司关于神驰 机电股份有限公司向不特定对象发行可转换公司债券申请文件的审核问询函的 回复（第二轮）》等相关文件 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 687,454,050.80, representing a year-on-year increase of 0.38% compared to CNY 684,858,077.08 in the same period last year[6]. - Net profit attributable to shareholders for Q1 2023 reached CNY 61,382,863.49, a significant increase of 1,793.62% from CNY 2,365,546.77 in the previous year[6]. - The basic earnings per share for Q1 2023 was CNY 0.2936, up 1,770.06% from CNY 0.0161 in the same period last year[7]. - Total revenue for Q1 2023 was CNY 687,454,050.80, slightly up from CNY 684,858,077.08 in Q1 2022, representing a growth of 0.23%[19]. - In Q1 2023, the company reported a net profit of CNY 61,382,863.49, a significant increase from CNY 3,241,560.38 in Q1 2022, representing a growth of approximately 1,800%[21]. - The total comprehensive income for the period was CNY 62,224,596.03, compared to CNY 1,470,981.29 in the same quarter last year[21]. Assets and Liabilities - Total assets as of the end of Q1 2023 amounted to CNY 3,188,444,544.12, reflecting a 9.17% increase from CNY 2,920,510,481.94 at the end of the previous year[7]. - Total assets increased to CNY 3,188,444,544.12 as of March 31, 2023, from CNY 2,920,510,481.94 at the end of 2022, a growth of approximately 9.2%[17]. - Total liabilities rose to CNY 1,462,423,505.31 from CNY 1,258,220,177.17, marking an increase of about 16.2%[18]. - The company's equity attributable to shareholders increased to CNY 1,726,021,038.81 from CNY 1,662,290,304.77, reflecting a growth of approximately 3.8%[18]. Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 7,537,366.39, a decline of 178.21% compared to a net inflow of CNY 9,636,846.64 in the same period last year[7]. - The company experienced a net cash outflow from operating activities of CNY -7,537,366.39, compared to a positive cash flow of CNY 9,636,846.64 in Q1 2022[24]. - Investment activities resulted in a net cash outflow of CNY -266,010,329.11, a decline from a net inflow of CNY 57,541,655.67 in the previous year[26]. - The financing activities generated a net cash inflow of CNY 167,476,038.78, up from CNY 53,963,578.67 in Q1 2022, indicating improved financing conditions[26]. Operational Metrics - Total operating costs decreased to CNY 617,487,311.04 in Q1 2023 from CNY 651,441,649.54 in Q1 2022, a reduction of approximately 5.2%[19]. - Cash and cash equivalents as of March 31, 2023, were CNY 947,422,732.55, down from CNY 1,141,763,687.41 at the end of 2022, a decline of about 16.9%[16]. - Accounts receivable increased to CNY 473,202,890.31 from CNY 407,350,439.16, reflecting a rise of approximately 16.1%[16]. - Inventory levels rose to CNY 582,064,442.50, compared to CNY 494,967,597.64 at the end of 2022, indicating an increase of around 17.6%[16]. - Short-term borrowings increased by 37.00%, indicating a rise in bank loans during the quarter[10]. - Short-term borrowings increased to CNY 374,000,000.00 from CNY 273,000,000.00, representing a rise of about 37.1%[17]. Research and Development - Research and development expenses increased by 13.29%, reflecting the company's ongoing commitment to innovation[11]. - Research and development expenses rose to CNY 19,995,681.16, up from CNY 17,650,651.15, reflecting the company's commitment to innovation[24]. Government Support - The company received government subsidies amounting to CNY 2,179,403.22, contributing to the increase in other income by 44.45%[11]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 20,289[12]. Market Activity - The company reported no new product launches or significant market expansion strategies during the quarter[15].

证券代码：603109 证券简称：神驰机电 公告编号：2023-037 神驰机电股份有限公司 关于举办 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： 一、说明会类型 神驰机电股份有限公司（以下简称"公司"）于 2023 年 3 月 30 日在上海证 券交易所网站（www.sse.com.cn）披露了《2022 年年度报告》、《2022 年年度报 告摘要》，为便于广大投资者更加全面深入地了解公司经营业绩、发展战略等情 况，公司定于 2023 年 4 月 20 日（星期四）15:00-16:00 在"价值在线" （www.ir-online.cn）举办 2022 年度业绩说明会，与投资者进行沟通和交流， －1－ 会议召开时间：2023 年 4 月 20 日（星期四）15:00-16:00 会议召开方式：网络互动方式 会议召开地点：价值在线（www.ir-online.cn） 会议问题征集： 投 资 者 可 于 2023 年 4 月 20 日 前 访 问 网 址 https:/ ...

Financial Performance - The company's operating revenue for 2022 was CNY 2,600,251,580.62, representing a 6.67% increase from CNY 2,437,586,829.00 in 2021[22]. - Net profit attributable to shareholders for 2022 was CNY 206,826,468.35, a 6.61% increase compared to CNY 194,006,518.92 in 2021[22]. - The net profit after deducting non-recurring gains and losses reached CNY 223,918,688.15, showing a significant increase of 103.84% from CNY 109,852,609.05 in 2021[22]. - Cash flow from operating activities turned positive at CNY 459,407,641.34, a substantial improvement from a negative CNY 137,402,681.78 in 2021, marking a 434.35% increase[22]. - Basic earnings per share for 2022 was CNY 1.0026, up 6.12% from CNY 0.9448 in 2021[23]. - The weighted average return on equity (ROE) was 13.56%, slightly down from 13.88% in 2021[23]. - Total assets increased to CNY 2,920,510,481.94 at the end of 2022, a 12.38% rise from CNY 2,598,896,843.88 at the end of 2021[22]. - The company's net assets attributable to shareholders reached CNY 1,662,290,304.77, reflecting a 12.08% increase from CNY 1,483,089,182.77 in 2021[22]. - The company's operating costs rose to 1,989,174,698.89 CNY, an increase of 4.22% due to higher revenue[46]. - The gross profit margin for the main business increased to 22.5%, up by 2.12 percentage points from the previous year[50]. Strategic Goals and Business Development - The company aims for "stable profitability and effective growth" in 2023, with a focus on exceeding industry growth rates and accelerating new business expansion[5]. - Senci plans to enhance its global brand and marketing platform, with significant investments in overseas markets to establish scale advantages[5]. - The company emphasizes the development of smart terminals and core components, maintaining a dual focus on both B2C and B2B business models[4]. - Senci's strategic layout includes a "one body, two wings" approach, focusing on global operations and efficiency leadership[5]. - The company is committed to building overseas manufacturing bases and supply chains to mitigate risks from international political and economic fluctuations[5]. - Senci aims to establish differentiated competitive points in overseas potential markets through optimized mechanisms and enhanced capabilities[5]. - The company has a long-term vision of becoming a centennial enterprise, focusing on sustainable high-quality development amidst changing external environments[5]. - The company will continue to develop its core business segments, including electric motors and general gasoline engines, while fostering new growth points[76]. Research and Development - Research and development expenses increased by 17.41% to 73,874,303.17 CNY, indicating a focus on innovation[46]. - The company holds 271 patents, including 18 invention patents, demonstrating its commitment to technological advancement[44]. - The company is focusing on the development of high-efficiency and energy-saving electric motors, aligning with national policies to enhance product competitiveness[72]. - The demand for differentiated electric motor products is increasing, particularly in the rapidly growing new energy vehicle sector[72]. - The company is committed to improving the automation and digitalization of its production processes to enhance efficiency and reduce costs[72]. Market Performance and Sales - The company exported 9.6732 million generator sets in 2022, a decrease of 1.3% year-on-year, while the export value reached 5.03 billion USD, up 15.36%[36]. - Exports to Asia accounted for 15.53 billion USD, representing 30.87% of total exports, with Europe showing a rapid growth of 58.67%[37]. - The revenue from domestic sales was ¥819,729,488.26, showing a decrease of 4.93% year-on-year, while international sales revenue was ¥1,702,676,998.10, an increase of 12.78%[51]. - The total production volume for major products was 2,346,943 units, with a sales volume of 2,283,080 units, reflecting a decrease in both production and sales compared to the previous year[52]. Governance and Management - The company is committed to enhancing its governance structure and improving the effectiveness of its board and management operations[81]. - The chairman and general manager, Ai Chun, increased his shareholding from 5,250,000 to 7,350,000 shares, a change of 2,100,000 shares, attributed to capital reserve conversion[84]. - Total pre-tax remuneration for the chairman was 860,000 RMB, while the total for all executives combined was 5,389,700 RMB[86]. - The company has not reported any new shareholding changes for other board members during the reporting period[84]. - The company plans to maintain its current management structure until April 2025, with all current directors and supervisors serving their terms[84]. Environmental and Social Responsibility - The company invested CNY 1.4447 million in environmental protection during the reporting period[125]. - The average chemical oxygen demand (COD) in wastewater discharge was 87 mg/l, significantly below the standard limit of 500 mg/l[126]. - The company established a wastewater treatment station and other facilities, all of which are operating normally[128]. - The company has not faced any administrative penalties due to environmental issues during the reporting period[131]. Shareholder and Stock Information - The company approved a cash dividend of 59,880,440 RMB, which represents 30.87% of the net profit attributable to ordinary shareholders in the consolidated financial statements[116]. - The company has a total of 14,259.8484 million shares after the recent changes, with a decrease of 164.5056 million shares[178]. - The company reported a total of 14,970.11 million shares at the end of the reporting period, with a total equity of 5,988.044 million[182]. - The top shareholder, Aichun, holds 7,350 million shares, representing 35.07% of the total shares, with 1,708 million shares pledged[186]. - The company has a total of 7,350 million shares available for trading starting from January 3, 2023, with a lock-up period of 36 months[189]. Compliance and Audit - The financial statements for the year ending December 31, 2022, were audited and deemed to fairly reflect the company's financial position and operating results[199]. - The audit opinion confirms that the financial statements comply with accounting standards and provide a true view of the company's financial health[200]. - The company has changed its accounting firm from Sichuan Huaxin to Tianzhi International to ensure audit independence and objectivity after 10 years of service from the previous firm[162].

Group 1: Event Details - The "Chongqing District 2022 Investor Online Collective Reception Day" is scheduled for December 23, 2022, from 15:00 to 17:00 [2] - Investors can participate via the Shanghai Stock Exchange Roadshow Center at http://roadshow.sseinfo.com [2] Group 2: Company Participation - Senior management of Shenchi Electromechanical Co., Ltd. will participate in the event [2] - The event will facilitate online communication regarding company governance, development strategy, and operational status [2] Group 3: Company Assurance - The board of directors guarantees the announcement's content is free from false records, misleading statements, or significant omissions [2] - The board assumes individual and joint responsibility for the truthfulness, accuracy, and completeness of the content [2]

[Key Financial and Operating Performance](index=1&type=section&id=Item%20I.%20Key%20Financial%20Data) [Key Financial Data](index=1&type=section&id=Item%20I.%20Key%20Financial%20Data%2F%28I%29%20Key%20Accounting%20Data%20and%20Financial%20Indicators) In Q3 2022, revenue declined 19.84% YoY due to power restrictions, while YTD revenue grew 5.99%; net profit decreased due to fair value losses, but core business profitability (excluding non-recurring items) showed strong growth Key Financial Data and Indicators | Item | Q3 2022 | YoY Change (%) | YTD 2022 | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue (RMB) | 544,313,667.43 | -19.84 | 1,940,450,683.36 | 5.99 | | Net Profit Attributable to Owners of the Parent Company (RMB) | 52,978,882.76 | -15.98 | 135,283,341.32 | -8.28 | | Net Profit Attributable to Owners of the Parent Company (Excluding Non-Recurring Items) (RMB) | 58,585,915.11 | 22.36 | 156,775,243.17 | 32.19 | | Net Cash Flow from Operating Activities (RMB) | N/A | N/A | 334,341,599.16 | 263.62 | | Basic Earnings Per Share (RMB/share) | 0.2627 | -38.89 | 0.6554 | -34.82 | - The primary reason for the **Q3 revenue decline** was the impact of high temperatures and power restrictions in August, leading to delayed order deliveries[7](index=7&type=chunk) - Net profit was lower than net profit excluding non-recurring items, primarily due to the decline in the market value of Zhuhai Guanyu shares held by the company; the stock's market value decreased by **33.71 million RMB** year-to-date, with a **10.22 million RMB** decline in Q3[8](index=8&type=chunk) [Non-Recurring Gains and Losses](index=2&type=section&id=Item%20I.%20Key%20Financial%20Data%2F%28II%29%20Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, non-recurring gains and losses had a significant negative impact on net profit, totaling **-21.49 million RMB** year-to-date, primarily due to **33.96 million RMB** in fair value losses from financial assets, partially offset by **8.98 million RMB** in government grants Non-Recurring Gains and Losses (YTD) | Item | YTD Amount (RMB) | Description | | :--- | :--- | :--- | | Gains/Losses on Disposal of Non-Current Assets | -235,982.83 | - | | Government Grants Included in Current Profit/Loss | 8,977,411.01 | - | | Fair Value Change Gains/Losses and Investment Income | -33,962,515.18 | Primarily gains/losses from financial assets held for trading | | Net Non-Operating Income and Expenses | -63,503.41 | - | | Income Tax Impact | -3,792,688.56 | - | | **Total** | **-21,491,901.85** | - | [Analysis of Key Financial Indicator Changes](index=4&type=section&id=Item%20I.%20Key%20Financial%20Data%2F%28III%29%20Analysis%20of%20Key%20Accounting%20Data%20and%20Financial%20Indicator%20Changes) As of the reporting period, several financial indicators significantly changed from year-end, with cash and cash equivalents increasing **93.53%** due to increased collections and wealth management redemptions, short-term borrowings rising **58.78%** from policy loans, and administrative and R&D expenses growing **37.62%** and **29.17%** respectively due to increased compensation and investment, while financial expenses significantly decreased due to exchange gains Key Financial Indicator Changes and Reasons | Item | Change (%) | Primary Reason | | :--- | :--- | :--- | | Cash and Cash Equivalents | 93.53 | Increased revenue, collection of accounts receivable, and redemption of wealth management products | | Inventories | -15.05 | Enhanced inventory management, reduced stock levels | | Intangible Assets | 57.01 | Acquisition of Shenchi Power (holding land) | | Short-term Borrowings | 58.78 | Increased policy-backed loans | | Administrative Expenses | 37.62 | Increased personnel compensation and equity incentive expenses | | Research and Development (R&D) Expenses | 29.17 | Increased R&D investment, personnel compensation, and material costs | | Financial Expenses | N/A | RMB depreciation against USD, significant increase in exchange gains during the reporting period | [Shareholder Information](index=4&type=section&id=Item%20II.%20Shareholder%20Information) [Major Shareholder Holdings](index=5&type=section&id=Item%20II.%20Shareholder%20Information%2F%28I%29%20Total%20Number%20of%20Common%20Shareholders%2C%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholders%27%20Holdings) As of Q3 2022, the company had **18,383** common shareholders, with a relatively concentrated ownership structure where the top four shareholders, including controlling shareholder Ai Chun, collectively held over **66%** of shares, and Ai Chun and Ai Li are siblings acting in concert - As of the reporting period, the company had a total of **18,383** common shareholders[15](index=15&type=chunk) Top Five Shareholder Holdings | Shareholder Name | Holding Percentage (%) | Share Nature | | :--- | :--- | :--- | | Ai Chun | 35.07 | Domestic Natural Person | | Chongqing Shenchi Investment Co., Ltd. | 13.36 | Domestic Non-State-Owned Legal Entity | | Chongqing Shenchi Industrial Group Co., Ltd. | 12.99 | Domestic Non-State-Owned Legal Entity | | Ai Li | 5.38 | Domestic Natural Person | | Ren Juan | 1.96 | Domestic Natural Person | - Shareholder Ai Chun holds **98%** equity in Chongqing Shenchi Investment Co., Ltd., and along with Ai Li, holds **90%** and **10%** respectively in Chongqing Shenchi Industrial Group Co., Ltd.; Ai Chun and Ai Li are siblings and constitute parties acting in concert[16](index=16&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements) [Consolidated Balance Sheet](index=6&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements%2F%28II%29%20Financial%20Statements%2FConsolidated%20Balance%20Sheet) As of September 30, 2022, total assets were **2.76 billion RMB** (up **6.27%**), total liabilities **1.17 billion RMB** (up **4.75%**), and equity attributable to owners of the parent company **1.59 billion RMB** (up **7.41%**); cash and cash equivalents significantly increased **93.5%** to **996.38 million RMB**, while financial assets held for trading decreased sharply Consolidated Balance Sheet (Selected Items) | Item | September 30, 2022 (RMB) | December 31, 2021 (RMB) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Assets** | **2,761,748,667.82** | **2,598,896,843.88** | **6.27%** | | Cash and Cash Equivalents | 996,382,574.88 | 514,850,770.75 | 93.53% | | Financial Assets Held for Trading | 22,869,000.00 | 323,501,531.97 | -92.93% | | Inventories | 488,550,264.98 | 575,120,054.74 | -15.05% | | **Total Liabilities** | **1,168,833,591.39** | **1,115,807,661.11** | **4.75%** | | Short-term Borrowings | 200,272,394.68 | 126,130,668.66 | 58.78% | | Notes Payable | 222,226,680.04 | 133,164,981.97 | 66.88% | | **Equity Attributable to Owners of the Parent Company** | **1,592,915,076.43** | **1,483,089,182.77** | **7.41%** | [Consolidated Income Statement](index=9&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements%2F%28II%29%20Financial%20Statements%2FConsolidated%20Income%20Statement) In YTD 2022, revenue grew **5.99%** to **1.94 billion RMB**, but operating profit declined **9.02%** to **159.22 million RMB** and net profit attributable to owners of the parent company decreased **8.28%** to **135.28 million RMB**, primarily due to **35.80 million RMB** in fair value losses, while financial expenses significantly decreased due to exchange gains Consolidated Income Statement (Selected Items) | Item | YTD 2022 (RMB) | YTD 2021 (RMB) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Operating Revenue | 1,940,450,683.36 | 1,830,861,971.36 | 5.99% | | Operating Cost | 1,524,706,712.76 | 1,409,504,137.09 | 8.17% | | Financial Expenses | -70,833,383.91 | -262,617.83 | N/A | | Fair Value Change Gains | -35,804,165.70 | 9,125,038.35 | -492.37% | | Operating Profit | 159,216,655.16 | 175,003,303.83 | -9.02% | | Net Profit | 135,283,341.32 | 147,492,488.17 | -8.28% | [Consolidated Cash Flow Statement](index=12&type=section&id=Item%20IV.%20Quarterly%20Financial%20Statements%2F%28II%29%20Financial%20Statements%2FConsolidated%20Cash%20Flow%20Statement) In YTD 2022, net cash flow from operating activities significantly improved to **334.34 million RMB** (from a **204.34 million RMB** outflow last year), driven by increased cash from sales and reduced cash paid for purchases, leading to a **493.71 million RMB** net increase in cash and cash equivalents, with the period-end balance reaching **849.53 million RMB** Consolidated Cash Flow Statement (Selected Items) | Item | YTD 2022 (RMB) | YTD 2021 (RMB) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 334,341,599.16 | -204,339,219.82 | | Net Cash Flow from Investing Activities | 146,541,810.75 | 191,014,383.49 | | Net Cash Flow from Financing Activities | -12,446,120.92 | -29,829,306.80 | | Effect of Exchange Rate Changes on Cash | 25,273,422.14 | -690,563.45 | | **Net Increase in Cash and Cash Equivalents** | **493,710,711.13** | **-43,844,706.58** | | **Cash and Cash Equivalents at End of Period** | **849,531,296.29** | **290,973,785.53** |