Financial Performance - In 2021, the company achieved revenue of approximately CNY 2.647 billion, a year-on-year increase of 89.47% [2] - The net profit attributable to shareholders was approximately CNY 607 million, up 50.79% year-on-year [2] - R&D expenses for 2021 were about CNY 80.6742 million, reflecting a growth of 71.15% [2] - For Q1 2022, revenue reached approximately CNY 762 million, a 44.55% increase year-on-year [3] - The net profit for Q1 2022 was around CNY 180 million, growing by 19.50% year-on-year [3] Product Performance - Sales of mid-mounted motor products increased by approximately 39.44% in 2021, with stable gross margins [3] - Hub motor sales saw a significant rise of about 82%, although gross margins slightly declined due to rising raw material costs [3] - Direct-drive integrated wheel motors sold approximately 2.86 million units in 2021, but remained at a marginal profit level [3] Market Insights - The company anticipates a 15%-20% annual growth in the European market, despite potential impacts from the Russia-Ukraine conflict [4] - The U.S. market experienced explosive growth, with estimated sales increases of 80%-100% last year, although growth may slow this year due to subsidy changes [5] - The company has established an electric motorcycle division focusing on high-speed motors, primarily for export [6] Supply Chain and Operational Challenges - Supply chain tensions are expected to persist in the short term, affecting order fulfillment and production schedules [7] - The company has faced challenges due to chip shortages but has adapted by using domestic alternatives [9] - Recent COVID-19 restrictions in Suzhou have impacted production and logistics, but the company has managed to mitigate significant negative effects on order delivery [10] Strategic Responses - The company is committed to increasing R&D efforts to enhance innovation and product quality [14] - A new brand, "Sutong," was established to target the mid-to-high-end market, allowing the main brand to maintain its value [14] - The company emphasizes improving service quality and response times through overseas subsidiaries and partnerships [14]

Financial Performance - The company's operating revenue for Q3 2022 was ¥837,293,744.49, representing a year-on-year increase of 25.62%[5] - The net profit attributable to shareholders for Q3 2022 was ¥123,962,947.09, showing a slight decrease of 0.50% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥127,394,153.20, an increase of 4.54% year-on-year[5] - Total operating revenue for the first three quarters of 2022 reached RMB 2,379,393,842.19, an increase of 25.3% compared to RMB 1,898,302,602.14 in the same period of 2021[27] - The company reported a net profit of RMB 1,319,357,844.85 for the first three quarters, an increase from RMB 1,085,489,097.95 in the same period last year[25] - The net profit for the current period is CNY 474,336,998.90, an increase from CNY 434,044,058.61 in the previous period, representing a growth of approximately 9.4%[30] - The total profit for the current period is CNY 549,379,746.26, compared to CNY 508,024,154.75 in the previous period, indicating an increase of about 8.1%[30] - The operating profit stands at CNY 545,733,692.84, up from CNY 507,871,694.76, reflecting a growth of approximately 7.4%[30] - The company reported a gross profit margin of approximately 43.5% for the first three quarters of 2022, compared to 41.6% in the same period of 2021[50] Assets and Liabilities - The total assets at the end of the reporting period were ¥3,581,488,667.72, reflecting a 1.09% increase from the end of the previous year[8] - Total assets amounted to RMB 3,581,488,667.72, a slight increase from RMB 3,542,904,852.31 at the end of 2021[26] - The total liabilities decreased to RMB 734,846,187.34 from RMB 867,795,265.85, a reduction of 15.3%[24] - The total liabilities as of September 30, 2022, were ¥395,614,026.98, a decrease of 46.8% from ¥743,725,033.42 on December 31, 2021[48] - The total assets as of September 30, 2022, were ¥3,250,947,537.08, down from ¥3,445,529,822.62 at the end of 2021, a decrease of 5.6%[48] Shareholder Information - The total number of common shareholders at the end of the reporting period was 9,872[12] - The largest shareholder, Wang Qinghua, holds 40.40% of the shares, totaling 48,600,000 shares[13] - The company reported a total equity attributable to shareholders of ¥2,846,642,480.38, which is a 6.41% increase from the previous year[8] - The company's equity attributable to shareholders reached RMB 2,846,642,480.38, up from RMB 2,675,109,586.46, indicating a growth of 6.4%[26] - The total equity increased to ¥2,855,333,510.10 as of September 30, 2022, from ¥2,701,804,789.20 at the end of 2021, marking a growth of 5.7%[48] Cash Flow - The cash flow from operating activities for the year-to-date period increased by 129.32% due to higher cash receipts from sales and tax refunds[9] - The cash flow from operating activities for the current period is CNY 174,062,268.39, compared to CNY 75,903,315.77 in the previous period, showing a significant increase of about 129.0%[39] - Cash inflow from operating activities for the first three quarters of 2022 was CNY 1,698,652,478.65, an increase of 30.3% compared to CNY 1,303,112,296.85 in the same period of 2021[58] - Net cash flow from operating activities reached CNY 121,401,025.07, up 52.7% from CNY 79,534,404.43 in the previous year[58] - The total cash and cash equivalents at the end of the period is CNY 1,350,437,504.89, compared to CNY 1,153,159,061.90 at the end of the previous period, reflecting an increase of approximately 17.1%[41] - The company's cash and cash equivalents decreased to ¥1,177,113,291.17 from ¥1,549,301,582.60, reflecting a decline of 23.9%[46] - The ending balance of cash and cash equivalents was CNY 1,170,939,373.36, compared to CNY 1,069,558,634.38 at the end of the previous year[59] Research and Development - Research and development expenses increased to RMB 66,335,541.74, representing a 67.3% rise from RMB 39,697,968.30 in the first three quarters of 2021[27] - Research and development expenses for the first three quarters of 2022 totaled ¥60,846,031.23, an increase of 55.4% from ¥39,128,751.98 in the same period of 2021[50] Financial Expenses - The company's financial expenses showed a significant increase, with a net financial cost of -¥35,315,604.25 in the first three quarters of 2022, compared to -¥18,238,227.27 in the same period of 2021[50]

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥1,542,100,097.70, representing a 25.19% increase compared to ¥1,231,791,616.46 in the same period last year[21]. - Net profit attributable to shareholders was ¥350,374,051.81, up 13.22% from ¥309,455,786.04 in the previous year[21]. - The net profit after deducting non-recurring gains and losses was ¥347,677,065.63, reflecting a 13.94% increase from ¥305,150,602.73 year-on-year[21]. - Basic earnings per share for the first half of 2022 were ¥2.91, up 13.23% from ¥2.57 in the same period last year[22]. - The total comprehensive income for the first half of 2022 was ¥347,288,141.99, compared to ¥307,473,119.14 in the same period of 2021[134]. - The company reported a net loss of approximately ¥240.63 million for the period[171]. - The total equity attributable to shareholders at the end of the reporting period was ¥2,376.46 million[178]. Cash Flow and Assets - The net cash flow from operating activities decreased by 42.66% to ¥105,267,517.69, down from ¥183,590,460.79 in the same period last year[21]. - Cash and cash equivalents decreased by 21.88% to ¥1,387,060,113.27, accounting for 39.54% of total assets[50]. - The total current assets decreased from RMB 3,042,681,914.64 to RMB 2,917,877,333.96, a reduction of approximately 4.1%[117]. - The total assets at the end of the reporting period were approximately ¥2,782.97 million[183]. - The total liabilities decreased from ¥743,725,033.42 to ¥468,169,138.62, a decline of about 37.0%[127]. Research and Development - R&D expenses rose by 70.54% to ¥41,679,169.78, driven by increased salaries for R&D personnel and new electric motorcycle projects[47]. - The company applied for a total of 70 patents during the reporting period, further strengthening its technological innovation capabilities[46]. - The company launched new mid-mounted motor products, M510 and M820, enhancing performance metrics such as weight, shock resistance, and sensitivity[43]. Market and Industry Trends - The global e-bike market continues to expand, with Europe, the US, and Japan being the primary markets, driven by increased consumer demand since 2020 due to the pandemic[27]. - In 2021, e-bike sales in Europe exceeded 5 million units, achieving a market penetration rate of approximately 23%[27]. - The US e-bike market saw sales double in 2020 to approximately 500,000-600,000 units, with continued high growth rates expected due to government incentives and low market penetration[27]. - In China, the e-bike market is still in its early stages, with significant growth potential as the government promotes green transportation initiatives[31]. Environmental and Compliance Measures - The company has implemented an environmental safety management system to reduce carbon emissions and enhance energy efficiency[73]. - The company has no significant environmental penalties and maintains compliance with pollution discharge standards[71]. - The company has committed to ensuring that the prospectus does not contain false records or misleading statements[77]. Shareholder and Governance Commitments - The company has committed to a 36-month lock-up period for major shareholders following the IPO, with automatic extensions under certain conditions[79]. - Major shareholders are restricted from transferring shares for 12 months post-IPO, with a maximum annual reduction of 25% thereafter[79]. - The commitments made by shareholders regarding related party transactions are legally binding and effective upon signing[82]. - The company has established measures to prevent dilution of immediate returns for shareholders[89]. Risks and Challenges - The company faces risks from rising raw material prices, including neodymium, chips, copper, and aluminum, which may adversely affect profit margins[60]. - The company has significant exposure to international trade risks, particularly in North America and Europe, which could impact competitiveness if trade relations deteriorate[57]. - The company is exposed to risks from recurring COVID-19 outbreaks, which may disrupt procurement, production, and shipping operations[61].

Financial Performance - The company's operating revenue for 2021 was approximately ¥2.65 billion, representing an increase of 89.47% compared to ¥1.40 billion in 2020[19]. - The net profit attributable to shareholders for 2021 was approximately ¥606.62 million, a 50.79% increase from ¥402.29 million in 2020[19]. - The net profit after deducting non-recurring gains and losses was approximately ¥552.10 million, up 48.21% from ¥372.52 million in 2020[19]. - The net cash flow from operating activities for 2021 was approximately ¥334.94 million, an increase of 44.71% compared to ¥231.45 million in 2020[19]. - The net assets attributable to shareholders reached ¥2,675,109,586.46, an increase of 16.16% from ¥2,302,888,129.51 in the previous year[21]. - Total assets increased by 24.28% to ¥3,542,904,852.31 from ¥2,850,633,261.36[21]. - Basic earnings per share rose by 50.45% to ¥5.04, compared to ¥3.35 in the previous year[21]. - The weighted average return on equity increased by 5.76 percentage points to 24.80% from 19.04%[21]. - In Q4 2021, the company reported a net profit attributable to shareholders of ¥172,573,218.24, with a total annual net profit of ¥606,617,277.85[22]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of ¥20 per 10 shares to all shareholders, with no stock bonus or capital increase[4]. - The proposed profit distribution plan for 2021 includes a cash dividend of 20 yuan per 10 shares (before tax), with no stock dividends or capital increases planned[121]. - The proposed cash dividend for 2021 is 2 yuan per share, totaling 240.53 million yuan, which accounts for 39.65% of the net profit attributable to shareholders[136]. Research and Development - The company filed 128 new patent applications in 2021, reflecting its commitment to innovation and sustainable development[26]. - The company’s R&D expenses increased by 71.15% to 80,674,190.53 CNY, reflecting a focus on enhancing technological capabilities[47]. - Total R&D expenses amounted to ¥80,674,190.53, representing 3.05% of operating revenue, with no capitalized R&D expenditures reported[59]. - The company emphasizes technological innovation as a key driver for high-quality development, aiming to improve the conversion rate of R&D results and ensure smooth product commercialization[72]. Market and Industry Trends - The electric bicycle market is experiencing stable growth in demand, particularly in Europe and North America, despite challenges such as rising raw material prices and supply chain disruptions[70]. - The company aims to leverage the growing demand for e-bikes driven by green transportation initiatives and technological advancements in the industry[30]. - In 2020, the European e-bike market saw sales of approximately 4.537 million units, a year-on-year increase of about 33.56%, with a market penetration rate of approximately 20.63%[30]. - In the United States, e-bike sales doubled in 2020, reaching approximately 500,000 to 600,000 units, driven by new regulations and government incentives[30]. - In Japan, e-bike sales reached approximately 737,700 units in 2020, with a year-on-year growth of 5.66%[30]. - In China, the production of electric bicycles from January to August 2021 was 23.888 million units, a year-on-year increase of 19.5%[30]. Operational Efficiency - The company upgraded its digital management platform, including the launch of an OA system and upgrades to HER and ERP systems, improving operational efficiency[26]. - The company implemented dynamic pricing strategies to mitigate the impact of rising raw material costs[26]. - The company has established subsidiaries in key markets such as the US and Germany to enhance local service capabilities[46]. - The company emphasizes a combination of customized and standardized products to enhance customer value and maintain competitive strength[40]. Risk Management - The company has detailed potential risks in the report, which can be found in the management discussion section[5]. - The company faces risks from changes in international trade environments, particularly regarding tariffs and trade barriers that could impact competitiveness in overseas markets[76]. - The company is exposed to market competition risks, with potential challenges from established competitors and new entrants in the electric bicycle system business[77]. - The company is vulnerable to fluctuations in raw material prices, which could increase operational costs and negatively affect profitability[80]. Corporate Governance - The company is committed to transparency in its financial reporting and governance practices[100]. - The company has established a robust corporate governance structure to maintain effective communication with investors[136]. - The company has implemented a robust internal control system in accordance with regulatory requirements, ensuring compliance and safeguarding shareholder interests[126]. - The company has established an independent financial department and internal audit department, with a complete accounting system and independent financial decision-making capabilities[85]. Employee and Management Practices - The total number of employees in the parent company and major subsidiaries is 1,099, with 818 in the parent company and 281 in major subsidiaries[112]. - The company has a total of 524 production personnel, 118 sales personnel, and 162 technical personnel among its employees[112]. - The company has a comprehensive assessment system for determining remuneration based on performance and operational goals[100]. - The company conducted over 120 internal and external training sessions in 2021, covering approximately 2,068 employees, with a total of about 1,027 training hours, resulting in an average of 23.23 hours of training per employee[116]. Shareholder Commitments - The controlling shareholder Wang Qinghua committed to not transferring or entrusting the management of shares for 36 months post-IPO, with an automatic extension of 6 months if the stock price falls below the issue price for 20 consecutive trading days[142]. - The company has a long-term commitment to resolve competition issues, ensuring that the controlling shareholder will not engage in competing businesses[143]. - The company has established a commitment to stabilize stock prices for three years post-IPO, which has been strictly adhered to[142]. - The company has committed to avoiding and reducing related party transactions, ensuring fair pricing in such transactions to protect the interests of shareholders, especially minority shareholders[146].

2022 年第一季度报告 单位：元 币种：人民币 1 / 16 证券代码：603489 证券简称：八方股份 八方电气（苏州）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 | 761,753 ...

2021 年第三季度报告 单位：元 币种：人民币 证券代码：603489 证券简称：八方股份 八方电气（苏州）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 | --- | --- | --- | --- | --- | |------------------------------------------------|----------------|-----------------------------------------|------------------|------------------------ ...

公司代码：603489 公司简称：八方股份 2021 年半年度报告 八方电气（苏州）股份有限公司 2021 年半年度报告 1 / 133 2021 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人王清华先生、主管会计工作负责人周琴女士及会计机构负责人（会计主管人员） 吴蔚蔚女士声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 不适用 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告涉及的未来计划、发展战略等前瞻性描述不构成对投资者的实质承诺，敬请投资者注 意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细描述可能存在的风险，具 ...

2021 年第一季度报告 公司代码：603489 公司简称：八方股份 八方电气（苏州）股份有限公司 2021 年第一季度报告 1 / 24 2021 年第一季度报告 一、 二、 11Í 四、 目录 | --- | |--------------| | | | 重要提示 | | 公司基本情况 | | 重要事项 | | 附录 | 2 / 24 2021 年第一季度报告 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 公司负责人王清华、主管会计工作负责人周琴及会计机构负责人（会计主管人员）吴蔚蔚保 证季度报告中财务报表的真实、准确、完整。 1.4 本公司第一季度报告未经审计。 二、 公司基本情况 2.1 主要财务数据 | --- | --- | --- | --- | --- | |-------------------------------------------------|---------------- ...

2020 年年度报告 公司代码：603489 公司简称：八方股份 八方电气（苏州）股份有限公司 2020 年年度报告 1 / 227 2020 年年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真实、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。 二、 公司全体董事出席董事会会议。 三、 容诚会计师事务所（特殊普通合伙）为本公司出具了标准无保留意见的审计报告。 四、 公司负责人王清华、主管会计工作负责人周琴及会计机构负责人（会计主管人员）吴蔚蔚声 明：保证年度报告中财务报告的真实、准确、完整。 五、 经董事会审议的报告期利润分配预案或公积金转增股本预案 公司拟以实施权益分派股权登记日登记的总股本为基数，对全体股东每10股派发现金红利20 元（含税），不进行送红股和转增股本。 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告涉及的未来计划、发展战略等前瞻性描述不构成对投资者的实质承诺，敬请投资者注 意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是 ...

2020 年第三季度报告 公司代码：603489 公司简称：八方股份 八方电气（苏州）股份有限公司 2020 年第三季度报告 1 / 21 2020 年第三季度报告 一、 重要提示 二、 公司基本情况 11[ 重要事项 四、 附录 目录 2 / 21 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 公司负责人王清华先生、主管会计工作负责人周琴女士及会计机构负责人（会计主管人员） 吴蔚蔚女士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 | --- | --- | --- | --- | |------------------------------------------------|------------------------------|------------------------------- ...