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** |

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,396,137,015.93, representing a 21.21% increase compared to CNY 1,151,862,753.47 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was CNY 82,304,458.56, a decrease of 2.53% from CNY 84,437,803.00 in the previous year[16]. - The net profit after deducting non-recurring gains and losses increased by 38.85% to CNY 98,189,328.06 from CNY 70,716,595.36 year-on-year[16]. - The total revenue for the first half of 2022 reached approximately 1,004.29 million yuan, with a net profit of around 43.22 million yuan, indicating a strong performance in exports[45]. - The total comprehensive income for the first half of 2022 was ¥91,790,743.52, compared to ¥83,730,917.20 in the same period of 2021, showing an increase of 9.5%[124]. - The total profit for the first half of 2022 was ¥97,481,709.03, slightly up from ¥96,365,234.63 in the same period of 2021, representing a marginal increase of 1.2%[126]. Cash Flow and Assets - The net cash flow from operating activities was CNY 166,072,965.89, a significant improvement from a negative cash flow of CNY -177,161,927.49 in the previous year[16]. - The total assets at the end of the reporting period were CNY 2,856,838,582.04, reflecting a 9.93% increase from CNY 2,598,896,843.88 at the end of the previous year[16]. - The ending balance of cash and cash equivalents was CNY 645,738,108.76, up from CNY 302,861,667.88 at the end of the first half of 2021[131]. - Cash inflow from investment activities was CNY 403,737,847.64, down 58.3% from CNY 968,386,286.26 in the first half of 2021[130]. - The company reported a total cash increase of CNY 289,917,523.60 for the first half of 2022, compared to a decrease of CNY 31,956,824.23 in the same period last year[130]. Research and Development - The company holds 239 patents, including 20 invention patents, indicating a strong focus on technology research and development[28]. - Research and development expenses rose as the company increased its investment in R&D, with personnel costs and material expenses contributing to the increase[34]. - Research and development expenses for the first half of 2022 were ¥35,277,539.72, compared to ¥27,807,213.43 in the same period last year, reflecting a growth of 27.0%[122]. - The company is focusing on enhancing its research and development capabilities to drive innovation and competitiveness[139]. Market Expansion and Strategy - The company plans to expand its international marketing network by establishing subsidiaries in Asia and South America[27]. - The company is actively exploring market expansion opportunities, particularly in the U.S. market, which represents the highest share of overseas sales[47]. - The company plans to continue its market expansion efforts, focusing on enhancing product offerings and exploring potential mergers and acquisitions[151]. - The company has recently established subsidiaries in Thailand and Mexico, expanding its market presence[164]. Environmental Compliance - Environmental compliance is being prioritized, with the establishment of wastewater treatment facilities and air pollution control measures in place[54]. - The company has a robust emergency response plan for environmental incidents, ensuring preparedness for potential risks[55]. - The company has installed real-time monitoring equipment for wastewater discharge to ensure compliance with environmental standards[56]. - The company did not receive any administrative penalties related to environmental issues during the reporting period[57]. Shareholder and Governance Matters - The company has committed to not transferring or managing shares for 36 months post-IPO, with specific conditions for share reduction thereafter[62]. - The company has established commitments to address related party transactions and competition issues, with some commitments not fully adhered to[60]. - The company has a structured plan for share reduction post-lock-up, ensuring prices do not fall below the issue price[66]. - The company has implemented measures to stabilize its stock price, including restrictions on the transfer of shares held by directors and senior management until stabilization measures are completed[76]. Financial Instruments and Accounting - The company recognizes financial instruments at fair value upon initial recognition, with transaction costs accounted for accordingly[180]. - Financial assets classified as measured at amortized cost include cash, receivables, and debt investments[182]. - The company assesses credit risk on financial assets based on expected credit losses, recognizing loss provisions accordingly[190]. - Inventory is measured at the lower of cost and net realizable value, with provisions for inventory write-downs recognized when costs exceed net realizable value[195].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,396,137,015.93, representing a 21.21% increase compared to CNY 1,151,862,753.47 in the same period last year[17]. - The net profit attributable to shareholders of the listed company decreased by 2.53% to CNY 82,304,458.56 from CNY 84,437,803.00 year-on-year[17]. - The net profit after deducting non-recurring gains and losses increased by 38.85% to CNY 98,189,328.06 compared to CNY 70,716,595.36 in the previous year[17]. - The total revenue for the first half of 2022 reached approximately CNY 1,004.29 million, with a net profit of CNY 43.22 million, reflecting a 100% increase in revenue compared to the previous period[46]. - The total comprehensive income for the first half of 2022 was CNY 91,790,743.52, compared to CNY 83,730,917.20 in the same period of 2021, showing an increase of 9.5%[125]. Cash Flow and Liquidity - The net cash flow from operating activities improved significantly to CNY 166,072,965.89, compared to a negative cash flow of CNY -177,161,927.49 in the same period last year[17]. - Cash and cash equivalents at the end of the period amounted to ¥805,964,536.57, representing 28.21% of total assets, up from 19.81% last year[36]. - The total cash and cash equivalents at the end of the first half of 2022 amounted to ¥645,738,108.76, up from ¥302,861,667.88 at the end of the first half of 2021, representing an increase of approximately 113.3%[132]. - Total cash inflow from operating activities increased to ¥1,512,333,541.98 in the first half of 2022, up from ¥972,561,794.65 in the first half of 2021, representing a growth of approximately 55.5%[131]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,856,838,582.04, a 9.93% increase from CNY 2,598,896,843.88 at the end of the previous year[17]. - The total liabilities of the company reached ¥1,332,204,025.54, compared to ¥1,115,807,661.11 at the beginning of the period, reflecting an increase of approximately 19.48%[116]. - The company's total assets as of June 30, 2022, were CNY 1,464,710,408.22, a slight increase from CNY 1,451,482,085.38 at the beginning of the year[120]. - The total liabilities increased to CNY 590,331,846.65 from CNY 500,881,364.83, showing a rise of approximately 17.8%[121]. Research and Development - The company holds 239 patents, including 20 invention patents, indicating a strong emphasis on technology research and development[29]. - R&D expenses rose as the company increased its investment in research and development, along with higher personnel and material costs[35]. - Research and development expenses for the first half of 2022 were CNY 35,277,539.72, compared to CNY 27,807,213.43 in the previous year, reflecting a growth of 27%[123]. Market and Sales Performance - Sales revenue from terminal products grew by 25.52%, while sales revenue from electric motor products and general gasoline engines decreased by 13.77% and 12.65%, respectively[32]. - Domestic market sales increased by 13.93%, while international market sales grew by 25.02%[33]. - The company established a comprehensive marketing network with subsidiaries in the USA, Dubai, Indonesia, Russia, Nigeria, and Germany, and plans to expand further into Asia and South America[28]. Governance and Compliance - There were changes in the board of directors and senior management, with new appointments aimed at enhancing governance and strategic direction[51]. - The company did not face any administrative penalties related to environmental issues during the reporting period[58]. - The company has committed to not transferring or entrusting the management of its shares for 36 months post-IPO[63]. Risks and Challenges - The company faces risks from raw material price fluctuations, particularly for steel and copper, which could adversely affect operational performance if prices rise significantly[47]. - Currency exchange rate fluctuations pose a risk, as the company primarily conducts export transactions in USD; a stronger RMB could lead to exchange losses[48]. - The company has implemented measures to mitigate risks associated with currency fluctuations, including forward foreign exchange contracts and promoting RMB settlements[48]. Shareholder and Equity Information - The total number of shares increased from 149.7011 million to 209.5815 million after a cash dividend of 0.4 CNY per share and a stock bonus of 0.4 shares per share were distributed[101]. - The company has committed to ensuring that any share reduction by major shareholders will not occur below the initial public offering price within two years after the lock-up period[77]. - The company has established a three-year shareholder dividend return plan to enhance future return capabilities[85]. Environmental Compliance - Environmental compliance is being monitored, with wastewater discharge levels well below the permitted limits, ensuring adherence to environmental regulations[54]. - The company has established a robust environmental monitoring system, including real-time wastewater monitoring and monthly third-party air quality assessments[57]. - The company has not disclosed any measures taken to reduce carbon emissions during the reporting period[59].

Financial Performance - The company's operating revenue for Q1 2022 was ¥684,858,077.08, representing a year-on-year increase of 42.95%[6] - The net profit attributable to shareholders decreased significantly by 94.75% to ¥2,365,546.77 compared to the same period last year[6] - The basic earnings per share fell by 94.76% to ¥0.0161, while diluted earnings per share decreased by 94.79% to ¥0.0160[7] - Total operating revenue for Q1 2022 reached ¥684,858,077.08, a significant increase of 43% compared to ¥479,085,398.72 in Q1 2021[23] - Net profit for Q1 2022 was ¥2,365,546.77, a decrease of 95% compared to ¥45,077,070.14 in Q1 2021[24] - Basic and diluted earnings per share for Q1 2022 were both ¥0.02, down from ¥0.31 in Q1 2021[25] - The company reported a decrease in comprehensive income, totaling ¥594,967.68 in Q1 2022 compared to ¥43,626,819.18 in Q1 2021[25] Assets and Liabilities - Total assets at the end of the reporting period increased by 4.76% to ¥2,722,581,936.81 compared to the end of the previous year[7] - Total assets as of Q1 2022 amounted to ¥2,722,581,936.81, an increase from ¥2,598,896,843.88 in the previous year[20] - The company's total liabilities as of March 31, 2022, were not explicitly stated but are critical for assessing financial health[16] - Total liabilities for Q1 2022 were ¥1,235,172,064.34, compared to ¥1,115,807,661.11 in Q1 2021, reflecting a growth of 10.7%[20] Cash Flow - The company reported a net cash flow from operating activities of ¥9,636,846.64, which is not applicable for year-on-year comparison[6] - Cash flow from operating activities in Q1 2022 was ¥655,672,007.42, an increase from ¥395,964,713.69 in Q1 2021[26] - The net cash flow from operating activities was 9,636,846.64, a significant improvement compared to -147,467,855.21 in the previous year[27] - Total cash inflow from operating activities reached 718,207,585.10, up from 427,338,760.44 year-over-year[27] - Cash outflow from operating activities totaled 708,570,738.46, compared to 574,806,615.65 in the same period last year[27] - The net cash flow from investing activities was 57,541,655.67, down from 90,368,486.07 year-over-year[28] - Cash inflow from investing activities amounted to 302,333,865.49, a decrease from 651,918,279.50 in the previous year[28] - Cash outflow from investing activities was 244,792,209.82, compared to 561,549,793.43 in the same period last year[28] - The net cash flow from financing activities was 53,963,578.67, an improvement from -18,883,783.24 year-over-year[28] - Total cash inflow from financing activities reached 172,629,963.77, compared to 64,607,377.71 in the previous year[28] - The ending balance of cash and cash equivalents was 475,544,746.34, up from 260,589,556.70 year-over-year[28] - The company experienced a net increase in cash and cash equivalents of 119,724,161.19, contrasting with a decrease of -74,228,935.41 in the previous year[28] Expenses - Research and development expenses increased by 42.98%, reflecting the company's commitment to innovation[11] - The company's management expenses rose by 59.03%, attributed to the acquisition of Sanhua Company and increased personnel costs[11] - Investment income dropped by 76.6%, primarily due to a 50% reduction in wealth management products compared to the previous year[11] Current Assets - As of March 31, 2022, the company's total current assets amounted to approximately ¥2.16 billion, an increase from ¥2.03 billion as of December 31, 2021, reflecting a growth of about 6.4%[18] - Cash and cash equivalents reached ¥614.11 million, up from ¥514.85 million, indicating a growth of approximately 19.3%[18] - Accounts receivable increased to ¥483.99 million from ¥433.51 million, representing a rise of about 11.7%[18] - Inventory levels rose to ¥616.78 million, compared to ¥575.12 million, marking an increase of approximately 7.3%[18] - Non-current assets totaled ¥1.01 billion, a decrease from ¥1.03 billion, reflecting a decline of about 1.9%[18] Strategic Developments - The company has not reported any significant new product launches or technological advancements during this quarter[16] - There are no updates on market expansion or mergers and acquisitions in the current report[16] - The company has not provided specific future guidance or performance outlook for the upcoming quarters[16] - The report indicates that there are no significant changes in shareholder structure or financing activities during the quarter[15]