证券代码：603236 证券简称：移远通信 上海移远通信技术股份有限公司 投资者关系活动记录表 | --- | --- | |-------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

2022 年第一季度报告 单位：元 币种：人民币 证券代码：603236 证券简称：移远通信 上海移远通信技术股份有限公司 2022 年第一季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整，不存 在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务报表 信息的真实、准确、完整。 第一季度财务报表是否经审计 □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 | 3,057,769,87 ...

Financial Performance - The company's operating revenue for 2021 was CNY 11,261,921,747.51, representing an increase of 84.45% compared to CNY 6,105,779,381.15 in 2020[25]. - The net profit attributable to shareholders for 2021 was CNY 358,060,203.50, up 89.43% from CNY 189,015,964.80 in 2020[25]. - The net cash flow from operating activities for 2021 was a negative CNY 488,101,815.91, compared to a negative CNY 398,540,204.22 in 2020[25]. - The total assets at the end of 2021 increased to CNY 8,140,021,182.48, a growth of 76.91% from CNY 4,601,246,090.65 at the end of 2020[25]. - The basic earnings per share for 2021 was CNY 2.49, an increase of 83.09% compared to CNY 1.36 in 2020[28]. - The weighted average return on equity for 2021 was 12.72%, an increase of 2.15 percentage points from 10.57% in 2020[28]. - The company achieved ASPICE CL2 international certification, indicating its software development capabilities in the intelligent connected vehicle sector have reached an advanced international level[47]. - The company reported a total pre-tax remuneration of 120.96 million yuan for the chairman during the reporting period[140]. - The total revenue for the reporting period reached 26,946.06 million, with a year-on-year increase of 35,033.88 million, representing a growth of approximately 30%[144]. - The company reported a total of 8,087.82 million in net profit, reflecting a significant increase compared to the previous period[144]. International Expansion - The company experienced significant growth in international sales, driven by the expansion of its LTE, LPWA, and 5G module businesses[27]. - The company plans to continue its international expansion strategy, leveraging its product development and supply chain capabilities[27]. - The overseas revenue for 2021 was 4.970 billion RMB, which marked a significant increase of 113.27% year-on-year[40]. - The company reported a significant increase in overseas sales, with international strategy progressing steadily[87]. - The gross margin for overseas sales is higher than domestic sales due to higher pricing in international markets[96]. Research and Development - The company's R&D investment for 2021 amounted to 1.022 billion RMB, accounting for 9.08% of total revenue, with a year-on-year increase of 44.62%[41]. - The company established a new R&D center in Guilin in 2021, enhancing its overall technical research and product innovation capabilities[41]. - The company launched several new 5G modules in 2021, including the Sub-6GHz module Rx520F series and the mmWave module RM530N, which support advanced industry applications[42]. - The company has developed over 300 antenna products, establishing long-term strategic partnerships with high-end market clients[53]. - The company aims to increase its R&D budget by 20% in the next fiscal year to support innovation initiatives[145]. Corporate Governance - The company reported a standard unqualified audit opinion from the accounting firm, ensuring the accuracy and completeness of the financial report[5]. - The company has confirmed that all board members attended the board meeting, indicating strong governance practices[5]. - The company has established a strict procurement process to ensure efficient and orderly procurement operations[81]. - The company has established a complete internal control system and governance structure, ensuring compliance with relevant laws and regulations[133]. - The board of directors has established four specialized committees to enhance decision-making efficiency and professionalism[133]. Shareholder Relations - The company plans to distribute a cash dividend of RMB 7.40 per 10 shares (including tax) and to increase capital by 3 shares for every 10 shares held, pending shareholder approval[6]. - The company has effectively managed investor relations, ensuring timely and accurate information disclosure to shareholders[133]. - The company emphasizes cash dividends, with a policy to distribute no less than 10% of the annual distributable profit in cash[170]. - The company will notify the market within two days if any shares held by directors are pledged post-listing[195]. - The company commits to extend the lock-up period by six months if the stock price falls below the issue price for twenty consecutive trading days within six months post-listing[194]. Social Responsibility and Environmental Commitment - The company has committed to reducing carbon emissions through various internal control measures and continuous evaluation of its environmental impact[183]. - The company has implemented a comprehensive energy management system at its manufacturing centers, ensuring compliance with environmental regulations and effective pollution control measures[182]. - The company donated 73 computers and 750 sets of student desks and chairs to three schools in Anhui Province as part of its educational support initiatives[186]. - The company provided care packages to 112 individuals in four disability institutions during the Spring Festival, demonstrating its commitment to social responsibility[186]. - The company has implemented dynamic management controls over its subsidiaries to ensure effective governance and risk management[177]. Market Outlook and Strategy - The company aims to enhance its technology innovation capabilities and product quality while expanding cooperation with operators and core chip suppliers[126]. - Future plans include accelerating the industrialization of 5G modules and exploring new businesses such as antennas, cloud services, and smart city solutions[127]. - The management indicated a positive outlook for the upcoming fiscal year, projecting continued growth in user data and market share[145]. - The company is focusing on technological advancements and new software solutions to improve operational efficiency[146]. - There are ongoing discussions regarding potential mergers and acquisitions to strengthen the company's market position[145].

证券代码：603236 证券简称：移远通信 上海移远通信技术股份有限公司 投资者关系活动记录表 | --- | --- | --- | --- | |------------------------|-------|---------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | 时 间 | | 2022/2/25、2022/3/1 | 2022/2/15、2022/2/16、2022/2/21、2022/2/22、2022/2/24 | | 地 点 | | 公司会议室 | | | | | ■ 特定对象调研 | □分析师会议 | | | | □媒体采访 | □路演活动 ...

2021 年第三季度报告 单位：元 币种：人民币 证券代码：603236 证券简称：移远通信 上海移远通信技术股份有限公司 2021 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 报表信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期 年初至报告 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------|------------------------------|------------------|---------------------- ...

Financial Performance - The company's operating revenue for the first half of 2021 reached RMB 4,315,558,066.54, representing a 72.82% increase compared to RMB 2,497,180,222.72 in the same period last year[20]. - Net profit attributable to shareholders of the listed company was RMB 133,471,675.62, up 91.61% from RMB 69,657,284.89 in the previous year[20]. - The net profit after deducting non-recurring gains and losses was RMB 120,590,415.06, a significant increase of 169.12% compared to RMB 44,809,697.56 in the same period last year[20]. - The company's basic earnings per share (EPS) increased to 0.93 yuan, a 93.75% rise compared to the same period last year[22]. - The net profit attributable to shareholders rose by 63.81 million yuan, reflecting a year-on-year growth of 91.61% due to the benefits from new product development[23]. - Operating revenue increased by 1.818 billion yuan, representing a 72.82% year-on-year growth, driven by sales of LTE, LPWA, and 5G modules[23]. - The total profit for the first half of 2021 was approximately ¥142.55 million, compared to ¥68.14 million in the same period of 2020, marking an increase of approximately 108.9%[198]. - The company's operating profit for the first half of 2021 was approximately ¥140.01 million, compared to ¥61.08 million in the same period of 2020, representing an increase of about 129.0%[198]. Cash Flow and Assets - The net cash flow from operating activities was negative at RMB -616,463,109.61, compared to RMB -324,358,042.90 in the previous year, indicating increased cash outflow[20]. - The net assets attributable to shareholders of the listed company at the end of the reporting period were RMB 3,014,651,797.45, a 61.33% increase from RMB 1,868,676,298.94 at the end of the previous year[20]. - Total assets amounted to RMB 7,597,912,358.63, reflecting a 65.13% increase from RMB 4,601,246,090.65 at the end of the previous year[20]. - The total assets at the end of the reporting period increased by 2.996 billion yuan, a 65.13% year-on-year increase, attributed to business growth[23]. - The company's total assets increased to CNY 7,597,912,358.63 as of June 30, 2021, compared to CNY 4,601,246,090.65 as of December 31, 2020, reflecting a growth of approximately 65.0%[178]. - Current assets totaled CNY 6,340,975,174.51, up from CNY 3,711,429,582.73, indicating an increase of about 70.0% year-over-year[181]. - Inventory surged to CNY 2,873,969,748.21, compared to CNY 1,438,194,584.07, marking an increase of approximately 100.0%[181]. Research and Development - The company maintains a strong R&D team and marketing efforts to optimize product structure and meet diverse customer needs in the IoT sector[23]. - The company has developed nearly 30 5G modules supporting 3GPP R15 and R16 standards, with several products already delivered to customers[51]. - The company has applied for 371 patents, with 168 patents granted and 67 trademarks registered by the end of the reporting period[50]. - The company's R&D expenses increased by 69.43% to RMB 443.54 million, up from RMB 261.77 million in the previous year[69]. - Research and development expenses for the first half of 2021 amounted to approximately ¥443.54 million, up from ¥261.77 million in the previous year, indicating a growth of about 69.3%[198]. Market Position and Strategy - The global IoT market is projected to reach 240 billion connections by 2025, indicating significant growth potential for the company's products[37]. - The company holds a 24% market share in the global cellular IoT module sales, maintaining its leading position in the industry[37]. - The company is focused on expanding its product offerings and enhancing its technological capabilities to meet the growing demand in various IoT applications[30]. - The company has completed the setup of 10 production lines at its smart manufacturing center in Changzhou, aiming for an annual production capacity of 90 million wireless communication modules[69]. - The company’s 5G modules have been widely adopted in North America, Europe, and Australia, achieving large-scale commercial use in various applications[65]. Shareholder Commitments and Governance - The controlling shareholder, Qian Penghe, commits to not transferring or entrusting the management of shares for 36 months post-listing[106]. - The company will support share buybacks if the stock price remains below the latest audited net asset value for 20 consecutive trading days within three years post-listing[111]. - Shareholders must announce any share reductions three trading days in advance[112]. - The company will comply with regulations set by the China Securities Regulatory Commission regarding share reductions[113]. - The commitments made by major shareholders and executives to avoid competing businesses are effective for two years after leaving their positions[130]. - The company has established a commitment to not engage in any related party transactions that could harm the interests of its shareholders[134]. Environmental and Social Responsibility - The company has implemented energy-saving measures, such as smart air conditioning and lighting systems, to reduce carbon emissions[100]. - The company has invested in environmental protection measures, including waste gas purification systems, to comply with environmental regulations[99]. - The company has not faced any administrative penalties related to environmental issues during the reporting period[99].

Financial Performance - Net profit attributable to shareholders rose by 78.43% to CNY 60,520,545.72 year-on-year[12] - Operating revenue grew by 80.28% to CNY 1,856,151,534.38 compared to the same period last year[12] - Net profit after deducting non-recurring gains and losses surged by 329.96% to CNY 50,084,389.38 year-on-year[12] - Basic earnings per share increased by 80.65% to CNY 0.56[12] - The company reported a significant increase in capital reserves by 90.91% to RMB 2,222,679,824.68, attributed to the non-public issuance of shares[24] - The company reported a comprehensive income total of ¥61,886,048.23 for Q1 2021, compared to ¥34,204,717.54 in Q1 2020, a 81% increase[53] - The net profit for Q1 2021 was ¥60,520,545.72, up from ¥33,918,449.02 in Q1 2020, representing a 78% increase[50] - Operating profit for Q1 2021 was approximately ¥53.92 million, significantly higher than ¥16.58 million in Q1 2020, indicating an increase of 225.5%[58] Assets and Liabilities - Total assets increased by 35.35% to CNY 6,227,700,299.51 compared to the end of the previous year[12] - The company’s total assets reached ¥6.23 billion, up from ¥4.60 billion, marking a 35.3% increase year-over-year[40] - Total current assets reached ¥5.27 billion, a significant increase of 42% from ¥3.71 billion year-over-year[35] - Total liabilities amounted to ¥3.23 billion, compared to ¥2.73 billion, indicating a year-over-year increase of 18%[38] - Total liabilities stood at ¥2,732,569,791.71, showing a decrease from the previous period[75] - The total liabilities for Q1 2021 were ¥3,245,034,147.23, compared to ¥2,518,213,804.48 in Q1 2020, reflecting a 29% increase[46] Cash Flow - Cash flow from operating activities improved, with a net cash outflow of CNY -260,787,938.31, an improvement from CNY -390,099,666.10 in the previous year[12] - The net cash flow from operating activities improved to -RMB 260,787,938.31 from -RMB 390,099,666.10, indicating better sales collection[27] - The company reported cash inflow from financing activities of approximately ¥1.54 billion in Q1 2021, compared to ¥286.28 million in Q1 2020, indicating a substantial increase[63] - The company’s net cash flow from financing activities was 1,281,082,205.62 RMB, compared to 184,089,119.44 RMB in Q1 2020, indicating a strong financing position[67] Shareholder Information - The total number of shareholders reached 14,729 by the end of the reporting period[18] - The top ten shareholders held a combined 56.67% of the company's shares[18] Research and Development - Research and development expenses increased by 71.56% to RMB 199,515,389.88, reflecting the company's commitment to enhancing R&D capabilities[27] - Research and development expenses for Q1 2021 amounted to ¥199,515,389.88, compared to ¥116,292,867.82 in Q1 2020, indicating a 71% increase[50] Government Support - The company received government subsidies amounting to CNY 12,512,468.36 during the reporting period[15] Market Strategy - The company plans to expand its market presence and enhance product innovation to sustain growth in the IoT sector[27] Compliance and Standards - The company has confirmed the recognition of right-of-use assets and lease liabilities in accordance with new leasing standards[21] - The company adopted the new leasing standards effective January 1, 2021, which will not significantly impact financial results[81] - The company confirmed that the accounting policy change will not have a major effect on its financial condition or operating results[81]

Financial Performance - The company's operating revenue for 2020 was approximately ¥6.11 billion, representing a year-on-year increase of 47.85% compared to ¥4.13 billion in 2019[22]. - Net profit attributable to shareholders for 2020 was approximately ¥189 million, a year-on-year increase of 27.71% from ¥148 million in 2019[25]. - The company's total assets increased to approximately ¥4.60 billion, reflecting a 56.93% increase compared to ¥2.93 billion at the end of 2019[25]. - Basic earnings per share for 2020 were ¥1.77, up 9.26% from ¥1.62 in 2019[23]. - The weighted average return on equity decreased to 10.57%, down 2.77 percentage points from 13.34% in 2019[24]. - The net cash flow from operating activities decreased by approximately ¥255 million, primarily due to increased business expansion and R&D investments[25]. - The company reported a significant increase in sales from LTE, LPWA, and 5G modules, driven by the rapid growth of the IoT industry[24]. - The company received government subsidies amounting to approximately ¥49.66 million in 2020, compared to ¥12.71 million in 2019[29]. Shareholder Information - The company plans to distribute a cash dividend of RMB 5.10 per 10 shares and to increase capital by 3 shares for every 10 shares held, pending shareholder approval[5]. - The company plans to distribute a cash dividend of 5.10 RMB per 10 shares, totaling approximately 57,030,094.14 RMB, which represents 30.17% of the net profit attributable to shareholders for the year 2020[103]. - The company will increase its capital stock by 3 shares for every 10 shares held, resulting in a total share capital of 145,370,828 shares after the increase[104]. - The cash dividend distribution policy stipulates that the cash dividends distributed each year should not be less than 10% of the distributable profit for that year[103]. - The cumulative cash dividends distributed over the last three years must not be less than 30% of the average annual distributable profit for the same period[103]. - The company has committed to maintaining a stable dividend policy in accordance with regulatory guidelines[109]. Corporate Governance - The company received a standard unqualified audit report from Lixin Certified Public Accountants[4]. - The company guarantees the authenticity, accuracy, and completeness of the annual report, with no false records or misleading statements[8]. - The company has no non-operating fund occupation by controlling shareholders or related parties[7]. - The company has no violations in decision-making procedures for external guarantees[7]. - The company has established five R&D centers globally to enhance its core competitiveness in the IoT sector[94]. - The company has committed to reducing related party transactions and ensuring full disclosure of any such transactions during the reporting period[139]. Research and Development - Research and development expenses amounted to CNY 706,678.74 million, representing a significant increase of 95.41% year-on-year, accounting for 11.57% of operating revenue[63][65]. - The company established a new R&D center in Foshan in 2020, enhancing its innovation capabilities and local support for clients in South China[56]. - The company is focusing on enhancing its research and development capabilities to drive future growth[194]. - The company launched the QuecPython embedded operating system, simplifying the development process for customers and reducing product costs[60][61]. Market Position and Strategy - The company’s core competitiveness lies in its extensive experience and strong advantages in supply chain, R&D, production, sales, and management within the IoT communication module industry[53]. - The company plans to continue optimizing product structure and expanding market reach to meet diverse customer needs[24]. - The company is actively participating in the development of 5G industry standards and applications, enhancing its product portfolio to meet the growing demand in the 5G market[48]. - The automotive communication module demand is anticipated to expand significantly with the increasing prevalence of intelligent connected vehicles[50]. Risk Management - The company faces market competition risks as the IoT industry sees increasing barriers to entry and intensified competition[99]. - The company is monitoring foreign exchange market dynamics to mitigate risks associated with currency fluctuations impacting financial performance[100]. - The company maintains stable cooperation with chip manufacturers to ensure normal procurement operations amid ongoing US-China trade tensions[100]. - The company is focused on optimizing supply chain management to address potential risks from raw material market fluctuations[100]. Employee and Management Information - The total number of employees in the parent company and major subsidiaries is 3,025, with 633 in the parent company and 2,392 in subsidiaries[200]. - The number of technical personnel is 2,366, representing approximately 78.2% of the total workforce[200]. - The company has a total of 81 management personnel, which is about 2.7% of the total workforce[200]. - The total remuneration for all directors, supervisors, and senior management at the end of the reporting period amounted to CNY 19.1093 million[197]. Environmental and Social Responsibility - The company strictly adhered to environmental protection laws and did not face any administrative penalties during the reporting period[166]. - The company emphasized energy conservation and increased investment in environmental protection facilities[166]. - The company donated 1 million yuan to support frontline medical staff during the COVID-19 pandemic[165]. - The company conducted a charitable donation activity in September 2020, providing computers, desks, and books to two schools in Anhui Province[165].

2020 年第三季度报告 公司代码：603236 公司简称：移远通信 上海移远通信技术股份有限公司 2020 年第三季度报告 1 / 32 2020 年第三季度报告 | --- | --- | |-------|---------------| | | | | | 目录 | | | | | | | | 一、 | 重要提示 | | 二、 | 公司基本情况. | | 11[ | 重要事项 | | 四、 | 附录 | 2 / 32 2020 年第三季度报告 单位：元 币种：人民币 一、 重要提示 1.1 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或者重大遗漏，并承担个别和连带的法律责任。 1.2 公司全体董事出席董事会审议季度报告。 1.3 公司负责人钱鹏鹤、主管会计工作负责人郑雷及会计机构负责人（会计主管人员）朱伟峰保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第三季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | |---------------------------- ...

Financial Performance - The company reported a total revenue of RMB 1.2 billion for the first half of 2020, representing a year-on-year increase of 15%[14]. - The net profit attributable to shareholders was RMB 200 million, up 10% compared to the same period last year[14]. - The number of active users reached 5 million, showing a growth of 25% year-on-year[14]. - The company's operating revenue for the first half of the year reached ¥2,497,180,222.72, a 46.22% increase compared to ¥1,707,873,425.72 in the same period last year[21]. - Net profit attributable to shareholders decreased by 10.94% to ¥69,657,284.89 from ¥78,216,135.86 year-on-year[21]. - The basic earnings per share fell by 10.96% to ¥0.65, down from ¥0.73 in the previous year[22]. - The weighted average return on equity decreased by 7.20 percentage points to 4.03% from 11.23% year-on-year[22]. - The company achieved operating revenue of 2.497 billion RMB, a year-on-year increase of 46.22%[42]. - The net profit attributable to shareholders was 69.66 million RMB, a decrease of 10.94% compared to the same period last year[42]. - The company reported a total comprehensive income of ¥69,776,042.91, compared to ¥77,769,436.28 in the previous year, reflecting a decline of 10.6%[137]. Research and Development - The company is investing RMB 100 million in R&D for new technologies, focusing on 5G and IoT solutions[14]. - R&D investment reached 262 million RMB, accounting for 10.48% of operating revenue, with a growth of 100.98% year-on-year[42]. - Research and development expenses increased significantly to ¥261,774,941.07, up 101.0% from ¥130,250,197.47 in the previous year[135]. - The company launched several new products, including the AG550Q 5G NR module and the FG50X Wi-Fi6 module, contributing to revenue growth[43]. - The company established a new R&D center in Foshan, expanding its total to five centers globally[42]. Market Expansion and Strategy - The company plans to expand its market presence in Europe and North America, targeting a 30% increase in market share by the end of 2021[14]. - The company aims to enhance its market position by optimizing product structure and expanding its market reach to meet diverse customer needs[21]. - The company plans to invest up to 300 million in building an intelligent manufacturing center, with 12 production lines already operational as of August 2020[55]. - The company plans to leverage national policies and its supply chain advantages to drive business growth post-pandemic, particularly in the context of new infrastructure demands[62]. Financial Position and Assets - Total assets increased by 36.06% to ¥3,989,309,233.77 from ¥2,931,973,545.61 at the end of the previous year[21]. - The company's cash and cash equivalents increased to 79,199.02 million, representing 19.85% of total assets, up from 12,712.02 million (8.58%) year-over-year, primarily due to significant sales growth and recovery of previous bank wealth management products[50]. - Accounts receivable rose to 64,770.45 million, accounting for 16.24% of total assets, compared to 30,304.25 million (20.46%) in the same period last year, driven by overall revenue growth and increased sales to customers with credit terms[50]. - Inventory increased to 137,533.06 million, making up 34.48% of total assets, up from 52,328.71 million (35.33%) year-over-year, as the company ramped up stock to meet future sales demands[50]. - The company reported a significant increase in short-term borrowings to 67,432.07 million, which is 16.90% of total assets, compared to 13,698.11 million (9.25%) last year, reflecting the need for funding to support overseas business operations[51]. Shareholder and Governance - The company has not proposed any profit distribution or capital reserve transfer plans for the half-year period[64]. - The company is committed to maintaining compliance with shareholder commitments and ensuring no disputes or pledges on shares exist[66]. - The company commits to a 36-month lock-up period post-IPO, during which no shares will be transferred or managed by others[69]. - The company will not repurchase shares held by directors during the lock-up period[69]. - The company has established a non-competition commitment from its actual controller and major shareholders to avoid engaging in similar business activities[88]. Risks and Challenges - There are no significant risks identified that could impact the company's operations in the upcoming quarters[14]. - The company is facing market competition risks in the IoT industry, emphasizing the need for continuous technological innovation and product development to enhance brand value and market competitiveness[60]. - The ongoing U.S.-China trade tensions may affect the procurement of U.S. chips, although the company maintains stable cooperation with chip manufacturers[61]. - The company is closely monitoring foreign exchange market dynamics due to risks associated with currency fluctuations impacting financial costs from overseas procurement and exports[61]. Compliance and Internal Controls - The company has committed to strengthen internal controls and improve fund management to prevent misappropriation and enhance fund efficiency[97]. - The company has established a framework for managing potential conflicts of interest among its executives and partners[87]. - The company has confirmed that there are no undisclosed related party transactions during the reporting period, adhering to regulatory requirements[92]. - The company will ensure that any related party transactions are conducted in compliance with its internal regulations and will be disclosed in a timely manner[91].