1 证券代码：603390 证券简称：通达电气 公告编号：2021-030 广州通达汽车电气股份有限公司 关于参加 2021 年广东辖区上市公司投资者网上 集体接待日活动的公告 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： 会议召开时间：2021 年 5 月 19 日（星期三）下午 15:40-16:40 会议召开地点："全景·路演天下"网站（http://rs.p5w.net） 会议召开方式：网络互动 为进一步加强与投资者的沟通交流，根据中国证券监督管理委员会广东监管 局（以下简称"广东证监局"）、广东上市公司协会联合发布的《关于开展 2021 广东上市公司投资者关系管理月活动的通知》（广东证监发〔2021〕49 号）的 相关要求，广州通达汽车电气股份有限公司（以下简称"公司"）将参加由广东 证监局、广东上市公司协会共同举办的"投资者网上集体接待日"活动，现将有 关事项公告如下： 本次投资者网上集体接待日活动将以网络互动方式在"全景•路演天下"网 站（http://rs.p5w.net）举行，投资者可 ...

公司代码：603390 公司简称：通达电气 1 / 27 | 一、 重要提示 3 | | --- | | 二、 公司基本情况 3 | | 三、 重要事项 5 | | 四、 附录 8 | 2021 年第一季度报告 一、 重要提示 二、 公司基本情况 2.1 主要财务数据 2021 年第一季度报告 广州通达汽车电气股份有限公司 2021 年第一季度报告 非经常性损益项目和金额 √适用 □不适用 3 / 27 单位：元 币种：人民币 项目 本报告期末 上年度末 本报告期末比上 年度末增减(%) 总资产 2,068,059,855.13 2,095,536,048.72 -1.31 归属于上市公司股东的净资产 1,716,951,764.64 1,726,885,373.48 -0.58 项目 年初至报告期末 上年初至上年报 告期末 比上年同期增减 (%) 经营活动产生的现金流量净额 -14,549,826.57 -81,776,793.19 不适用 项目 年初至报告期末 上年初至上年报 告期末 比上年同期增减 （%） 营业收入 93,515,572.21 75,286,720.08 24.21 归属于上市公司股东的 ...

Financial Performance - The company's operating revenue for 2020 was CNY 653.87 million, a decrease of 16.64% compared to CNY 784.40 million in 2019[23]. - The net profit attributable to shareholders for 2020 was CNY 46.71 million, down 67.51% from CNY 143.75 million in 2019[23]. - The cash flow from operating activities showed a net outflow of CNY 90.38 million in 2020, a significant decline from a net inflow of CNY 170.05 million in 2019, representing a decrease of 153.15%[23]. - Basic earnings per share for 2020 were CNY 0.13, down 75.47% from CNY 0.53 in 2019[24]. - The weighted average return on equity decreased to 2.70% in 2020, down 13.23 percentage points from 15.93% in 2019[24]. - The company reported a total asset value of CNY 2.10 billion at the end of 2020, a decrease of 2.13% from CNY 2.14 billion at the end of 2019[23]. - The company experienced a significant decline in net profit due to reduced operating revenue and increased costs during the COVID-19 pandemic[25]. - The company's total revenue for the year was 653.87 million, a decrease of 16.64% compared to the previous year, which is slightly better than the overall industry trend[52]. - The company's revenue from the first half of 2020 was 266.36 million, a decrease of 28.65% year-on-year, while the second half saw revenue of 387.51 million, a decrease of 5.73% year-on-year[52]. - The company achieved operating revenue of 653.87 million yuan, a decrease of 16.64% compared to the previous year[58]. - Operating costs amounted to 454.93 million yuan, down 8.69% year-on-year[58]. - Net profit attributable to shareholders was 46.71 million yuan, a significant decline of 67.51% from the previous year[58]. Dividend Distribution - The company plans to distribute a cash dividend of 1.00 RMB per 10 shares, totaling a pre-tax cash dividend of 34,975,526.50 RMB based on the total share capital as of the report date[5]. - The company will not issue new shares or convert capital reserves into capital during this dividend distribution[5]. - The company's remaining undistributed profits will be carried forward for future distribution[5]. - For 2020, the proposed cash dividend is also 1 RMB per 10 shares, with a total distribution amounting to 34,975,526.50 RMB, which is 74.88% of the net profit attributable to ordinary shareholders[119]. - The actual cash dividend for 2020, including share repurchase amounts, is 43,611,610.50 RMB, calculated based on 349,755,265 shares eligible for profit distribution[121]. - The cash dividend for 2020 is subject to approval at the annual shareholders' meeting scheduled for April 29, 2021[118]. - The company has complied with the Shanghai Stock Exchange's guidelines for cash dividends and its own articles of association[118]. - The company’s cash dividend policy stipulates that it will distribute at least 30% of the average distributable profit over the last three years, prioritizing cash dividends when conditions permit[117]. Risk Factors and Compliance - The company emphasizes that future plans and development strategies mentioned in the report do not constitute a substantive commitment to investors, highlighting investment risks[6]. - The company has described potential risk factors in its production and operation processes in the report[7]. - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties[7]. - The company has not violated decision-making procedures for providing guarantees to external parties[7]. - The company has established a commitment to compensate for any losses incurred due to violations of these commitments by the controlling shareholder[133]. - The company will ensure that all contracts are signed based on market prices and will not exploit related party transactions to harm the interests of the company and its shareholders[133]. - The company has completed the repayment of funds borrowed from controlling shareholders and will not engage in new borrowings from them[131]. - The company will adhere to legal and regulatory requirements for information disclosure regarding related party transactions[133]. Research and Development - R&D investment amounted to 74.39 million, an increase of 29.59% year-on-year, accounting for 11.38% of the company's total revenue[52]. - The company launched over 20 new R&D projects during the reporting period, including one provincial and one municipal research project[52]. - The company holds a total of 319 valid patents and software copyrights, with 157 new valid patents added during the reporting period[45]. - The company plans to increase R&D investment in smart transportation, smart cities, and related fields to meet vertical market demands[55]. - The company is investing 100 million in R&D for new technologies, aiming to enhance product features and user experience[126]. Market and Business Expansion - The company operates in the intelligent transportation industry, focusing on integrated information management systems for commercial vehicles, with a commitment to becoming a leading player in the vehicle electrical industry[35]. - The company has actively explored business expansion into rail transit, logistics vehicles, and specialized vehicles, while maintaining a focus on existing technology accumulation[35]. - The company plans to strengthen its market expansion by actively exploring new business areas and increasing its customer base across various provinces and cities[108]. - The company is focusing on the development of smart transportation systems, which are increasingly important in alleviating urban traffic issues, supported by national policies[84]. - The company plans to enter three new international markets by the end of 2021, targeting a 10% increase in market share[127]. Corporate Governance and Management - The company’s board of directors and senior management have guaranteed the authenticity, accuracy, and completeness of the annual report[4]. - The company has a diverse board with members involved in various other enterprises, enhancing its strategic network[200]. - The company’s management team has a long history of experience in the industry, with many members having over a decade of experience in related fields[200]. - The company has seen a transition in leadership roles, with several executives moving into higher positions within the organization over the years[200]. - The company emphasizes the need for talent development and training, establishing internship programs in collaboration with universities to enhance recruitment effectiveness[105]. Social Responsibility and Community Engagement - The company has actively participated in poverty alleviation efforts, being recognized as an "Outstanding Private Enterprise in Poverty Alleviation"[151]. - The company donated RMB 120,000 to Xinping Village for road construction, benefiting 3,417 residents, including 173 registered impoverished individuals[152]. - The company employed 273 employees from impoverished areas in 2020, contributing to stable income and targeted poverty alleviation[154]. - The company donated a total of 700,000.00 CNY to various charitable organizations to support pandemic prevention efforts[165]. - The company provided free 5G remote DR medical examination service vehicles to assist hospitals in COVID-19 screening, serving over 2,000 people in 12 remote towns[166]. Environmental Commitment - The company maintains a commitment to environmental protection, adhering to regulations and investing in eco-friendly practices[163]. - The company has not faced any penalties for environmental violations and has passed ISO 14001 environmental management system certification[170]. - The company actively invests in environmental protection measures and complies with relevant environmental laws and regulations[170].

Financial Performance - Operating revenue for the first nine months fell by 26.49% to CNY 380,858,483.17 year-on-year[6] - Net profit attributable to shareholders decreased by 76.93% to CNY 23,978,769.55 for the first nine months[6] - Basic and diluted earnings per share decreased by 82.05% to CNY 0.07[6] - The total profit for the first three quarters of 2020 was CNY 30,669,469.75, a decrease from CNY 119,484,272.75 in the first three quarters of 2019, representing a decline of about 74.5%[27] - The net profit for the first three quarters of 2020 was approximately ¥12.82 million, compared to ¥13.47 million in the same period of 2019, indicating a decrease of about 4.8%[26] - The total profit for the first three quarters of 2020 was CNY 20,220,481.41, down from CNY 119,484,272.75 in the first three quarters of 2019, indicating a decline of approximately 83.1%[27] - The net profit for Q3 2020 was CNY 10,722,012.35, down 56% from CNY 24,389,530.62 in Q3 2019[31] - The total comprehensive income for Q3 2020 was CNY 7,446,098.55, compared to CNY 24,913,692.61 in Q3 2019, a decrease of approximately 70.1%[28] Cash Flow and Liquidity - Cash flow from operating activities showed a significant decline of 261.71%, resulting in a net outflow of CNY 124,368,276.33[6] - The cash flow from operating activities for the first three quarters of 2020 was negative at CNY -124,368,276.33, compared to a positive CNY 76,910,571.26 in the first three quarters of 2019[35] - The company reported a significant decrease in sales revenue, with cash received from sales dropping to CNY 315,515,455.84 in the first three quarters of 2020 from CNY 594,473,330.97 in the same period of 2019[35] - The total cash outflow for operating activities was ¥458,624,263.95, compared to ¥547,823,729.75 in the previous year[38] - The company's cash and cash equivalents at the end of the reporting period were ¥81,747,918.26, down from ¥112,655,351.08 at the end of the previous year[39] Assets and Liabilities - Total assets decreased by 3.58% to CNY 2,064,433,682.74 compared to the end of the previous year[6] - Cash and cash equivalents decreased by 43.48% to CNY 117,465,608.43 compared to the end of the previous year[10] - Total current assets decreased from ¥1,673,303,746.87 to ¥1,402,795,066.28, reflecting a decline in cash and cash equivalents[1] - Total liabilities decreased to approximately ¥263.74 million from ¥293.60 million, indicating a reduction of about 10.1%[22] - The company's total equity as of September 30, 2020, was CNY 1,738,227,491.86, down from CNY 1,754,414,450.48[19] Expenses and Costs - Management expenses increased by 70.86% to ¥32,007,767.43 compared to the previous year[1] - R&D expenses rose by 40.20% to ¥49,039,665.00, driven by ongoing technology innovation and product optimization efforts[1] - The total operating costs for the first three quarters of 2020 were CNY 274,264,633.77, down from CNY 340,600,889.52 in the same period of 2019[31] - Research and development expenses for Q3 2020 were approximately ¥17.19 million, an increase of 36.6% compared to ¥12.58 million in Q3 2019[26] Strategic Outlook - The company expects significant changes in cumulative net profit compared to the previous year due to the impact of COVID-19 on the bus industry[3] - The company anticipates a recovery in bus market demand as pandemic control measures improve[3] - The company plans to focus on market expansion and new product development in the upcoming quarters[25] - The company has indicated a strategic shift towards enhancing operational efficiency and reducing costs in response to market conditions[25]

Financial Performance - The company reported a total revenue of RMB 500 million for the first half of 2020, representing a year-on-year increase of 15% compared to the same period in 2019[13]. - The net profit attributable to shareholders was RMB 80 million, an increase of 20% year-on-year[13]. - The company's operating revenue for the first half of 2020 was ¥266.36 million, a decrease of 28.65% compared to ¥373.32 million in the same period last year[20]. - Net profit attributable to shareholders was ¥14.49 million, down 81.66% from ¥78.99 million year-on-year[20]. - The basic earnings per share decreased by 86.67% to ¥0.04 from ¥0.30 in the previous year[21]. - The total profit for the first half of 2020 was approximately ¥26.66 million, compared to ¥85.93 million in the first half of 2019, a decrease of 68.9%[126]. - The company's total comprehensive income for the first half of 2020 was approximately ¥25.76 million, compared to ¥76.94 million in the same period of 2019, a decrease of 66.5%[126]. Market Expansion and Outlook - Future outlook indicates a projected revenue growth of 25% for the second half of 2020, driven by new product launches and market expansion strategies[13]. - Market expansion efforts include entering two new provinces, which are expected to contribute an additional RMB 30 million in revenue by the end of 2020[13]. - The company is actively exploring new markets such as rail transit and logistics vehicles to create new growth points[64]. - The company plans to enhance R&D investment and launch new products to maintain competitive advantages and expand market share[63]. Research and Development - The company is investing RMB 50 million in R&D for new energy vehicle technologies, aiming to enhance product offerings in the next fiscal year[13]. - Research and development investment amounted to 31.8504 million yuan, an increase of 42.19% year-on-year, representing 11.96% of the company's operating revenue[43]. - The company has developed new products including ADAS, face recognition temperature measurement integrated machine, and vehicle-mounted intelligent air purification system, enhancing its competitive edge[43]. Operational Challenges - The overall demand in the bus industry decreased significantly, with a 50.70% drop in public transport passenger volume compared to the previous year[30]. - The company anticipates significant changes in net profit compared to the same period last year due to the impact of COVID-19 on public transport demand and bus procurement delays[62]. - The company's inventory increased by 91.93% to ¥174,439,549.81, attributed to the impact of the COVID-19 pandemic on order fulfillment[52]. Financial Position - The total assets at the end of the reporting period were ¥2.10 billion, down 1.81% from ¥2.14 billion at the end of the previous year[20]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥27,313,839.23, restricted due to bank acceptance bills[55]. - The total liabilities as of June 30, 2020, were ¥371,525,902.98, compared to ¥386,698,397.82 at the end of 2019, indicating a reduction of 3.43%[118]. Shareholder and Governance Matters - The board of directors has approved a profit distribution plan, proposing a cash dividend of RMB 0.5 per share[6]. - The company has committed to not transferring or entrusting the management of shares for 36 months from the date of A-share listing[71]. - The company will disclose any non-compliance with share transfer commitments and apologize to investors if necessary[72]. Corporate Social Responsibility - During the reporting period, the company made a donation of CNY 120,000 to support road construction in Xinping Village, Qingxin District, Guangdong Province[91]. - The company has actively participated in targeted poverty alleviation efforts, focusing on precise project and fund allocation[90]. - The company plans to collaborate with Guangzhou Rongai Social Service Center for public welfare activities aimed at improving the quality of life for impoverished disabled individuals in the second half of 2020[95]. Compliance and Regulatory Matters - The company has not incurred any penalties for violating environmental regulations during the reporting period[97]. - The company has implemented the ISO 14001 environmental management system and conducts annual internal audits[97]. - The financial statements comply with the requirements of the accounting standards, accurately reflecting the company's financial position, operating results, and cash flows[156].

1 证券代码：603390 证券简称：通达电气 公告编号：2020-047 广州通达汽车电气股份有限公司 关于参加 2020 年广东辖区上市公司投资者网上 集体接待日活动的公告 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： 会议召开时间：2020 年 5 月 18 日（星期一）下午 15:50-16:50 会议召开地点："全景·路演天下"网站（http://rs.p5w.net） 会议召开方式：网络互动 为进一步加强与投资者的沟通交流，根据中国证券监督管理委员会广东监管 局（以下简称"广东证监局"）、广东上市公司协会联合发布的《关于开展 2020 广东上市公司投资者关系管理月活动的通知》（广东证监发〔2020〕57 号）的 相关要求，广州通达汽车电气股份有限公司（以下简称"公司"）将参加由广东 证监局、广东上市公司协会共同举办的"心系股东，做受尊敬的上市公司—— 2020 年广东辖区上市公司投资者网上集体接待日"活动，现将有关事项公告如 下： 本次投资者网上集体接待日活动将以网络互动方式在"全景•路演天 ...

Financial Performance - Operating revenue fell by 65.45% to CNY 75,286,720.08 year-on-year[7] - Net profit attributable to shareholders was CNY -7,045,377.21, a decrease of 113.18% compared to the same period last year[7] - Basic earnings per share dropped by 110.00% to CNY -0.02 compared to CNY 0.20 in the same period last year[7] - The company reported a significant increase in prepayments, rising to ¥13,658,296.10 from ¥7,748,065.53, which is an increase of approximately 76.93%[20] - Net loss for Q1 2020 was ¥8,411,362.51, compared to a net profit of ¥53,394,002.01 in Q1 2019[29] - Operating profit for Q1 2020 was -¥7,707,046.35, a significant decline from ¥60,408,601.71 in Q1 2019[27] - The company reported a total comprehensive loss of ¥1,242,007.36 for Q1 2020, compared to a comprehensive income of ¥55,251,881.23 in Q1 2019[32] Cash Flow - Net cash flow from operating activities was CNY -81,776,793.19, representing a 30.64% decline year-on-year[7] - The net cash flow from operating activities for Q1 2020 was -84,661,454.87 RMB, compared to -68,421,384.62 RMB in Q1 2019, indicating a decline in operational cash flow[36] - The company reported a total operating cash inflow of 79,006,437.99 RMB, down from 146,023,182.08 RMB in Q1 2019, reflecting a decrease in sales revenue[36] - Cash flow from operating activities showed a net outflow of ¥81,776,793.19, compared to a net outflow of ¥62,597,657.55 in Q1 2019[33] Assets and Liabilities - Total assets decreased by 3.72% to CNY 2,061,459,522.64 compared to the end of the previous year[7] - Current assets totaled ¥1,566,355,737.10, down from ¥1,673,303,746.87, indicating a decrease of about 6.39%[20] - Total liabilities decreased to ¥315,456,434.67 from ¥386,698,397.82, a reduction of about 18.43%[21] - Total liabilities as of the end of Q1 2020 were ¥233,324,463.92, a decrease from ¥293,604,802.13 in Q1 2019[25] - The company’s total assets reached ¥1,992,788,549.04 as of the first quarter of 2020[46] Shareholder Information - The total number of shareholders at the end of the reporting period was 30,331[10] - The largest shareholder, Xing Yingbiao, holds 33.37% of the shares, while the second-largest shareholder, Chen Lina, holds 29.12%[10] Government Support - The company received government subsidies amounting to CNY 3,481,346.00 related to its normal business operations[7] - Other income increased by 131.23% to ¥3,481,346.00, primarily due to government subsidies received during the period[14] Research and Development - Research and development expenses rose by 38.05% to ¥15,383,941.63, driven by ongoing technology innovation and product optimization efforts[14] - Research and development expenses for Q1 2020 were ¥15,383,941.63, an increase from ¥11,143,825.43 in Q1 2019[27] Investment Activities - The company is actively investing in new factory projects, with construction in progress amounting to ¥108,791,029.93, an increase of 38.71% from the beginning of the year[13] - The company received 851,000,000.00 RMB from the recovery of investments during the quarter, contributing significantly to cash inflows[36] Changes in Accounting Standards - The company implemented new revenue and leasing standards starting from 2020, which may affect future financial reporting and performance metrics[38] - The company implemented the new revenue recognition standard on January 1, 2020, adjusting the financial statements accordingly, with a reclassification of sales and service-related advance payments amounting to ¥724,269.61 to contract liabilities[42]

Dividend Distribution - The company plans to distribute a cash dividend of 1 RMB per 10 shares, totaling 35,168,698.40 RMB before tax, based on a total share capital of 351,686,984 shares [5]. - The company plans to distribute cash dividends of no less than 10% of the distributable profits for the year, with a cumulative cash distribution over the last three years not less than 30% of the average annual distributable profits [95]. - In 2019, the company distributed cash dividends amounting to 35,168,698.40 RMB, representing 24.47% of the net profit attributable to shareholders [101]. - The company has a policy to prioritize cash dividends over stock dividends, with a minimum cash dividend ratio of 80% for mature companies without significant capital expenditure plans [97]. - The company may conduct mid-term cash dividends if the net cash flow from operating activities in the first half exceeds the net profit for the same period [95]. - The company has not proposed any cash profit distribution plan for the reporting period despite having positive distributable profits, and will disclose the reasons and usage plans for undistributed profits [102]. - The company’s cash dividend distribution is contingent upon the absence of major investment plans or negative cash flow in the dividend year [95]. - The company will actively communicate with shareholders, especially minority shareholders, to gather opinions before finalizing the cash dividend plan [98]. Financial Performance - The company’s operating revenue for 2019 was CNY 784,398,926.80, a decrease of 17.65% compared to CNY 952,470,963.50 in 2018 [25]. - The net profit attributable to shareholders for 2019 was CNY 143,748,762.65, down 16.09% from CNY 171,321,493.36 in 2018 [25]. - The net cash flow from operating activities increased by 57.52% to CNY 170,049,554.93 in 2019, compared to CNY 107,956,991.57 in 2018 [25]. - The total assets at the end of 2019 were CNY 2,141,112,848.30, representing a 69.58% increase from CNY 1,262,603,438.99 at the end of 2018 [25]. - The basic earnings per share for 2019 was CNY 0.53, a decrease of 18.46% from CNY 0.65 in 2018 [26]. - The weighted average return on equity for 2019 was 15.93%, down 8.90 percentage points from 24.83% in 2018 [26]. - The company reported a net profit of CNY 53,465,777.53 in Q1 2019, with total revenue of CNY 217,881,573.06 for the same period [27]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 140,239,222.36, down 8.98% from CNY 154,071,764.65 in 2018 [25]. Audit and Compliance - The company has a standard unqualified audit report from Tianjian Accounting Firm [4]. - The company’s financial report is guaranteed to be true, accurate, and complete by its management team [4]. - There were no significant lawsuits or arbitration matters during the reporting period [122]. - The company has not faced any risks of suspension or termination of listing [122]. - There were no major accounting errors or changes in accounting policies during the reporting period [120]. - The company has not implemented any employee stock ownership plans or other incentive measures [122]. Risks and Challenges - The company reported no significant risks affecting its operations during the reporting period [7]. - The company’s future plans and strategic developments are subject to investment risks and do not constitute a commitment to investors [6]. - The company faces risks from changes in downstream industry trends, including competition from high-speed rail and economic fluctuations [89]. - The company is experiencing increased competition in the intelligent transportation industry, with many domestic enterprises participating in the market [80]. Research and Development - The company focuses on R&D for vehicle-mounted intelligent terminal systems and related automotive electrical products, aiming to be a leading competitor in the domestic market [35]. - The company’s R&D investment amounted to 5,740.91 million RMB, representing 7.32% of the operating revenue [49]. - The company added 26 new patents and 16 new software copyrights during the reporting period, indicating a focus on innovation [50]. - The company is committed to developing big data applications to provide personalized value-added services, creating new profit growth points [88]. Market and Sales Performance - The bus industry saw a decline in sales, with large bus sales down 4.02%, medium bus sales down 10.49%, and public bus sales down 16.90% compared to the previous year [37]. - Revenue from the bus multimedia information release system series dropped by 49.03%, while revenue from the vehicle-mounted component series increased by 29.84% [56]. - The company’s revenue from the northern region grew by 93.42%, while the southern region saw a decline of 47.03% due to reduced demand from major clients [57]. - Production of vehicle-mounted intelligent terminals decreased by 54.46% year-on-year, while sales decreased by 10.13% [58]. - Total revenue from the top five customers was CNY 405.85 million, accounting for 51.74% of annual sales [63]. Corporate Governance - The company’s board of directors and supervisory board members were present at the board meeting [4]. - The company has established long-term stable business relationships with domestic bus manufacturers, contributing to its competitive position in the vehicle-mounted electrical field [85]. - The company’s governance structure includes a strategic committee, an audit committee, a compensation and assessment committee, and a nomination committee, each with defined responsibilities [192]. - The company ensures that all related party transactions are conducted at fair market prices and do not significantly impact its financial status or operating results [194]. Social Responsibility - The company has actively participated in social responsibility initiatives, donating 20,000 RMB for healthcare improvements in impoverished areas [138]. - The company has reported a total of 14.50 million RMB in funds allocated for poverty alleviation efforts during the reporting period [141]. - The company has received recognition as an "Outstanding Private Enterprise in Poverty Alleviation" from the Baiyun District Federation of Industry and Commerce [142]. - The company plans to donate 120,000 RMB to support road construction in Xinping Village, aiming to enhance local development and poverty alleviation efforts [143]. Shareholder Information - The company issued 87,921,800 new shares, increasing its total share capital to 351,686,984 shares [154]. - The company’s ordinary shares were listed on the Shanghai Stock Exchange on November 25, 2019 [159]. - The total number of shares held by the controlling shareholder, Xing Yingbiao, remained at 117,363,840, with no change during the reporting period [179]. - The total remuneration for Chen Lina during the reporting period was 121.73 million yuan [179]. - The total remuneration for Xing Yingbiao during the reporting period was 128.88 million yuan [179].