Revenue and Profit Performance - Revenue for the current reporting period was RMB 2,880,802,717.82, a decrease of 22.68% compared to the previous period[8] - Net profit attributable to shareholders of the listed company was RMB 250,087,083.98, a decrease of 5.45% compared to the previous period[8] - Net profit attributable to shareholders increased by 40.58% year-to-date, driven by product structure optimization and improved gross margin[23] - Net profit attributable to parent company shareholders increased to 801.72 million yuan from 570.28 million yuan, a growth of 40.6%[43] - Total operating revenue for the first three quarters of 2023 reached 9,386,452,047.61 RMB, an increase from 8,629,379,149.91 RMB in the same period of 2022[33] - Sales revenue from goods and services increased to 9.16 billion yuan, a 7.9% rise from 8.49 billion yuan[45] - Total profit for the period grew to 903.52 million yuan, up 38.5% from 652.12 million yuan[43] - Operating profit rose to 907.29 million yuan, up 38.7% from 654.02 million yuan[43] Earnings Per Share (EPS) and Return on Equity (ROE) - The company's basic earnings per share (EPS) for the current reporting period was RMB 1.67, a decrease of 5.65% compared to the previous period[21] - The weighted average return on equity (ROE) for the current reporting period was 5.19%, a decrease of 1.60 percentage points compared to the previous period[21] - The company's diluted earnings per share (EPS) for the first nine months of 2023 was RMB 5.32, an increase of 40.00% compared to the same period last year[15] - Basic earnings per share increased by 40.16% year-to-date, also due to product structure optimization and improved gross margin[23] - Diluted earnings per share increased by 40.00% year-to-date, similarly driven by product structure optimization and improved gross margin[23] Assets and Equity - Total assets as of the end of the reporting period were RMB 9,999,243,830.31, an increase of 4.66% compared to the end of the previous year[21] - Equity attributable to shareholders of the listed company was RMB 4,925,677,618.90, an increase of 16.94% compared to the end of the previous year[21] - Total assets increased to 9,999,243,830.31 from 9,554,158,074.57, reflecting overall growth[30] - Total equity attributable to owners of the parent company was 4,925,677,618.90 RMB as of the end of the third quarter of 2023, up from 4,211,991,036.63 RMB at the end of the same period in 2022[33] - Total liabilities and equity reached 9,999,243,830.31 RMB at the end of the third quarter of 2023, compared to 9,554,158,074.57 RMB at the end of the same period in 2022[33] - The company's total equity (including minority interests) was 5,046,626,175.40 RMB at the end of the third quarter of 2023, up from 4,295,042,249.93 RMB at the end of the same period in 2022[33] - The company's undistributed profit as of the end of the third quarter of 2023 was 2,108,637,696.30 RMB, compared to 1,519,059,756.70 RMB at the end of the same period in 2022[40] - The company's capital reserve increased to 2,547,770,819.42 RMB at the end of the third quarter of 2023, up from 2,435,423,037.28 RMB at the end of the same period in 2022[40] Cash Flow and Liquidity - The company's net cash flow from operating activities for the first nine months of 2023 was RMB 1,337,034,459.80, an increase of 3.42% compared to the same period last year[8] - Net cash flow from operating activities was 1,337,034,459.80, showing strong operational performance[32] - Net cash flow from investing activities was -666,571,250.47, indicating significant investment in fixed assets and other long-term assets[32] - Net cash flow from financing activities was -195,725,595.28, reflecting debt repayment and dividend payments[32] - Total operating cash inflow reached 9.85 billion yuan, up 7.1% from 9.19 billion yuan in the previous year[45] - Cash payments for goods and services decreased slightly to 6.07 billion yuan from 6.15 billion yuan[45] - Tax refunds received decreased to 486.38 million yuan from 571.93 million yuan[45] - Other operating cash inflows increased to 196.03 million yuan from 130.98 million yuan[45] - Cash and cash equivalents at the end of the period amounted to 4,514,113,310.72, up from 4,000,576,083.07 at the beginning[32] Operating Costs and Expenses - Operating costs for the first three quarters of 2023 were 6,296,737,595.15 RMB, compared to 6,592,184,101.37 RMB in the same period of 2022[33] - Sales expenses increased significantly to 1,147,014,533.74 RMB in the first three quarters of 2023, up from 622,134,786.07 RMB in the same period of 2022[33] - R&D expenses for the first three quarters of 2023 were 621,979,247.68 RMB, compared to 553,409,985.54 RMB in the same period of 2022[33] - Employee compensation and benefits increased to 899.81 million yuan, up 19.7% from 751.78 million yuan[45] Accounts Receivable and Inventory - Accounts receivable increased to 1,098,689,479.25 from 851,217,438.68, indicating higher sales on credit[28] - Inventory decreased to 1,490,642,474.81 from 2,067,450,294.23, suggesting improved inventory management[30] Government Subsidies and Other Income - Government subsidies received during the period amounted to RMB 5,503,157.52 for the current reporting period and RMB 33,706,840.51 year-to-date[1] - Other comprehensive income after tax improved significantly to 11.14 million yuan from a loss of 84.16 million yuan[43] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 6,945[36] Comprehensive Income - The company's comprehensive income for the first nine months of 2023 was RMB 850,104,094.04, with RMB 812,856,969.96 attributable to the parent company[15]

证券代码：603129 证券简称：春风动力 公告编号：2023-050 浙江春风动力股份有限公司 第五届监事会第十三次会议决议公告 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法律责任。 一、监事会会议召开情况 浙江春风动力股份有限公司（以下简称"公司"）第五届监事会第十三次会 议的会议通知于 2023 年 10 月 8 日以通讯方式发出。2023 年 10 月 17 日在公司 会议室以现场结合通讯会议方式召开。会议应出席监事 3 名，实际出席监事 3 名，会议由监事会主席钱朱熙女士召集并主持，钱朱熙女士在会前对本次监事会 召开时间做出了说明。会议的通知、召集、召开和表决程序符合《中华人民共和 国公司法》（以下简称"《公司法》"）、《公司章程》等有关法律、法规的规定。 2023 年 10 月 18 日 二、监事会会议审议情况 会议以记名和书面的方式，审议了如下议案： (一)审议通过《浙江春风动力股份有限公司 2023 年第三季度报告》 经审核，监事会认为董事会编制和审核公司 2023 年第三季度报告的程序符 合法律、行政法规和中国证监 ...

证券代码：603129 证券简称：春风动力 公告编号：2023-049 浙江春风动力股份有限公司 第五届董事会第十二次会议决议公告 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。 一、董事会会议召开情况 浙江春风动力股份有限公司（以下简称"公司"）第五届董事会第十二次会 议的会议通知于 2023 年 10 月 8 日以通讯方式发出。2023 年 10 月 17 日在公司 会议室以现场结合通讯会议方式召开（现场会议地址：浙江春风动力股份有限公 司四楼 416 会议室，现场会议时间：2023 年 10 月 17 日 10:00 时）。会议应出席 董事 9 名，实际出席董事 9 名，会议由董事长赖国贵先生召集并主持，赖国贵先 生在会前对本次董事会召开时间做出了说明，公司监事和高级管理人员列席了会 议。会议的通知、召集、召开和表决程序符合《中华人民共和国公司法》（以下 简称"《公司法》"）、《公司章程》等有关法律、法规的规定。 二、董事会会议审议情况 会议以记名和书面的方式，审议了如下议案： (一)审议通过《浙江春风动力股份有限公司 ...

证券代码：603129 证券简称：春风动力 公告编号：2023-052 特此公告。 浙江春风动力股份有限公司董事会 2023 年 10 月 18 日 关于调整第五届董事会审计委员会委员的公告 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。 浙江春风动力股份有限公司（以下简称"公司"）于 2023 年 10 月 17 日召 开第五届董事会第十二次会议审议通过了《关于调整第五届董事会审计委员会委 员的议案》。 为进一步完善公司治理结构，改善董事会结构，保障公司董事会专门委员会 规范运作，充分发挥专门委员会在上市公司治理中的作用，根据中国证券监督管 理委员会颁布并于 2023 年 9 月 4 日生效实施的《上市公司独立董事管理办法》， 审计委员会成员应当为不在上市公司担任高级管理人员的董事。 根据上述规定，公司副董事长兼总经理赖民杰先生向公司董事会提交书面辞 职报告，辞去公司第五届董事会审计委员会委员职务，辞职报告自董事会收到之 日起生效。赖民杰先生辞去审计委员会委员职务后，仍继续担任公司副董事长兼 总经理职务。为保障审计委员会的正 ...

根据《关于上市公司实施员工持股计划试点的指导意见》及《上海证券交易 所上市公司自律监管指引第 1 号——规范运作》的相关要求，现将公司 2022 年 及 2023 年员工持股计划（以下简称"本员工持股计划"）实施进展情况公告如 下： 截至 2023 年 10 月 10 日，本员工持股计划已在二级市场通过集中竞价交易 方式完成公司 A 股股票的购买，累计买入公司股票 2.97 万股，占公司总股本比 例为 0.02%，成交总金额为人民币 398.73 万元，成交均价 134.25 元/股。上述股 票的锁定期为 12 个月，自公司公告每期最后一笔标的股票登记至当期员工持股 计划名下之日起计算。公司将持续关注本员工持股计划实施的进展情况并按照相 关法律法规的规定及时履行信息披露义务，敬请广大投资者关注相关公告并注意 投资风险。 特此公告。 浙江春风动力股份有限公司董事会 2023 年 10 月 12 日 证券代码：603129 证券简称：春风动力 公告编号：2023-047 浙江春风动力股份有限公司 关于 2022 年及 2023 年员工持股计划完成股票购买的公告 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 ...

证券代码：603129 证券简称：春风动力 公告编号：2023-048 浙江春风动力股份有限公司 关于召开 2023 年第三季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 10 月 23 日(星期一)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 ： http://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 10 月 16 日(星期一）至 10 月 20 日(星期五)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 board@cfmoto.com 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。 浙江春风动力股份有限公司（以下简称"公司"）拟于 2023 年 10 月 19 日在 上海证券交易所网站（www.sse.com.cn）披露公司 2023 年第三季度报告。为便 于广大投资者更全面深入地了解公司 ...

华泰联合证券原指定裘捷先生担任公司 2021 年度向特定对象发行股票项目 的保荐代表人并负责保荐工作，现因裘捷先生工作变动调离华泰联合证券，不能 继续负责公司持续督导期的保荐工作，根据相关法律法规及监管规定的要求，为 保证持续督导工作的有序进行，决定由保荐代表人杨俊浩先生（简历请见附件） 接替裘捷先生负责公司持续督导期的保荐工作。 本次保荐代表人变更后，公司 2021 年度向特定对象发行股票项目的持续督 导保荐代表人为杨俊浩先生和汪怡女士，持续督导期至中国证券监督管理委员会 和上海证券交易所规定的持续督导义务结束为止。 公司董事会对裘捷先生在公司持续督导期间所做的工作表示衷心感谢！ 特此公告。 浙江春风动力股份有限公司董事会 证券代码：603129 证券简称：春风动力 公告编号：2023-046 浙江春风动力股份有限公司 关于变更持续督导保荐代表人的公告 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、准确性和完整性法律责任。 浙江春风动力股份有限公司（以下简称"公司"）于 2023 年 9 月 25 日收到 公司 2021 年度向特定对象发行 A 股股票 ...

证券代码：603129 证券简称：春风动力 公告编号：2023-045 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、准确性和完整性法律责任。 特此公告。 关于 2022 年及 2023 年员工持股计划进展暨股份回购的公 告 浙江春风动力股份有限公司（以下简称"公司"）第四届董事会第三十次会 议和 2021 年第三次临时股东大会，审议通过了《关于<浙江春风动力股份有限公 司 2022 年至 2024 年员工持股计划（草案）>及其摘要的议案》等员工持股计划 相关议案，同意公司实施 2022 年及 2023 年员工持股计划。具体内容详见公司于 2021 年 10 月 29 日、2021 年 11 月 23 日、2023 年 4 月 12 日在上海证券交易所 网站及指定信息披露媒体披露的相关公告及文件。根据《关于上市公司实施员工 持股计划试点的指导意见》及《上海证券交易所上市公司自律监管指引第 1 号— —规范运作》等相关规定，现将公司 2022 年及 2023 年员工持股计划（以下简称 "本员工持股计划"）实施进展情况公告如下： 截至本公告披露日，本员工持股 ...

证券代码：603129 证券简称：春风动力 公告编号：2023-044 浙江春风动力股份有限公司 关于持股 5%以上股东部分股份提前解除质押的公告 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: 截至本公告披露日，浙江春风动力股份有限公司（以下简称"公司"）控 股股东春风控股集团有限公司（以下简称"控股股东"、"春风控股"）的一致 行动人重庆春风投资有限公司（以下简称"重庆春风"）持有公司无限售流通股 12,661,734 股，占公司总股本比例为 8.42%。本次办理部分股份提前解除质押手 续后，重庆春风剩余累计质押公司股份数量为 5,655,000 股，占其持有公司股份 总数的 44.66%，占公司总股本的 3.76%。 本次办理股票解除质押手续后，控股股东及其一致行动人合计质押股票 5,655,000 股，占其持股数量的 8.87%，占公司总股本的 3.76%。 公司于近日收到重庆春风通知，获悉其在安信证券股份有限公司（以下简称 "安信证券"）办理了部分股份提前解除质押手续，共计 310,000 股， ...

Financial Performance - The company's operating revenue for the first half of 2023 reached ¥6,505,649,329.79, representing a 32.67% increase compared to ¥4,903,650,846.39 in the same period last year[32]. - Net profit attributable to shareholders of the listed company was ¥551,631,225.45, an increase of 80.41% from ¥305,771,353.56 year-on-year[32]. - The basic earnings per share for the first half of 2023 was ¥3.67, up 79.90% from ¥2.04 in the previous year[14]. - The net cash flow from operating activities increased by 122.55% to ¥780,472,353.80, compared to ¥350,698,749.95 in the same period last year[32]. - The company's total assets as of the end of the reporting period were ¥9,732,046,122.27, a 1.86% increase from ¥9,554,158,074.57 at the end of the previous year[32]. - The net assets attributable to shareholders of the listed company increased by 11.98% to ¥4,716,409,271.87 from ¥4,211,991,036.63 at the end of the previous year[32]. Market Trends - The ATV and UTV market is projected to grow at a compound annual growth rate of approximately 9.6%, reaching around $19.32 billion by 2030[37]. - In the first half of 2023, China exported 168,500 ATVs, a year-on-year decrease of 17.3%, with an export value of $42.7 million[38]. - The domestic ATV market is expected to grow as disposable income increases and the tourism industry recovers, enhancing consumer acceptance[40]. - The average consumption of mid-to-large displacement motorcycles in China is only 1.3 units per 10,000 people, significantly lower than in developed countries[41]. - In the first half of 2023, the motorcycle industry in China produced and sold 9.95 million and 9.65 million units, respectively, representing year-on-year declines of 5.93% and 10.29%[41]. - The sales of large-displacement recreational motorcycles (over 250CC) increased by 2.19% and 1.66% year-on-year, with sales of 247,000 and 256,500 units, respectively[41]. - In the first half of 2023, electric motorcycles saw production and sales of 3.01 million and 3.65 million units, indicating significant market potential[44]. Company Strategy and Operations - The company has established over 4,000 international distribution points and more than 650 domestic "CFMOTO" distribution points to enhance its market presence[53]. - The company is actively developing new energy products to align with market trends and consumer demands[34]. - The company is actively expanding its global production capacity and implementing a flexible production model based on customer orders, ensuring timely completion of orders during peak sales seasons[55]. - The company has maintained a leading position in the ATV export market, with its export value accounting for 73.11% of the national total, solidifying its industry leadership[58]. - The domestic large-displacement motorcycle market is in a rapid growth phase, driven by rising disposable income and the popularity of motorcycle events, with a shift from "tool vehicles" to "leisure vehicles" becoming evident[59]. - The company’s ATV export value from 2014 to mid-2023 has consistently ranked first in the industry, with a market share that continues to rise in the U.S. and Europe[65]. - The company’s 250NK and 250SR models have consistently achieved sales championships in their class, showcasing strong market demand[62]. - The company focuses on high-performance water-cooled engines, positioning its products in the mid-to-high-end market, which aligns with the consumption upgrade trend[66]. Research and Development - The company maintains a strong R&D capability, exceeding industry averages in R&D investment and personnel, and has established a global user research network[164]. - The company has developed a complete engine and vehicle R&D capability, meeting and exceeding industry standards such as National IV and Euro V, enhancing its competitive edge[165]. - The company emphasizes the research and development of core technologies related to "electrification" and "intelligence," establishing a comprehensive self-research ecosystem[199]. - The company has developed a high-performance, high-efficiency, and highly integrated three-electric system, covering various application needs for two-wheeled and four-wheeled vehicles[199]. Financial Management and Accounting - The company applies a straight-line method for amortizing long-term deferred expenses over a period of 3 to 5 years[77]. - Contract liabilities are recognized based on the relationship between the fulfillment of performance obligations and customer payments, with obligations to transfer goods or services classified as contract liabilities[78]. - The company recognizes provisions for expected liabilities when obligations meet specific criteria, including current obligations and reliable measurement of amounts[89]. - The company employs a cost method for long-term equity investments in subsidiaries, recognizing investment income based on declared dividends or profits[96]. - The company recognizes compensation amounts for expected liabilities as assets when it is probable that third-party compensation will be received[89]. - The company recognizes contract costs as assets when they are directly related to a current or expected contract, increase future resources for fulfilling obligations, and are expected to be recoverable[128]. - Government grants are classified into asset-related and income-related, with asset-related grants recognized as deferred income and amortized over the asset's useful life[129]. Risk Management - The company faces credit risk primarily from customer sales, with a system in place for assessing and monitoring customer credit ratings[167]. - The liquidity risk management policy ensures sufficient cash to meet debt obligations, with a focus on maintaining adequate cash reserves[168]. - The company has adopted a combination provision method for bad debts, reflecting a strategic approach to managing credit risk[185]. - The company’s financial reporting adheres to the expected credit loss model for assessing credit risk on receivables[190]. Corporate Governance - The company emphasizes that forward-looking statements regarding future plans and strategies do not constitute a substantive commitment to investors[22]. - The company’s ultimate controlling party is identified as Lai Guogui[117]. - The parent company holds a 29.91% stake in the company, with the same percentage for voting rights[117].