证券代码：603489 证券简称：八方股份 公告编号：2023-034 八方电气（苏州）股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 会议召开方式：上证路演中心网络互动 投资者可于 2023 年 09 月 19 日(星期二) 至 09 月 25 日(星期 一)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 security@bafang-e.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。 八方电气（苏州）股份有限公司（以下简称"公司"）已于 2023 年 8 月 30 日发布 2023 年半年度报告，为便于广大投资者更全面深入 地了解公司相关经营成果、财务状况，公司计划于 2023 年 09 月 26 日上午 11:00-12:00 举行 2023 年半年度业绩说明会，就投资者关心 的问题进行交流。 1 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2023 年半 年度的经营成果及财务指标 ...

Financial Performance - The company's operating revenue for the first half of 2023 was approximately ¥912.26 million, a decrease of 40.84% compared to ¥1,542.10 million in the same period last year[21]. - The net profit attributable to shareholders for the first half of 2023 was approximately ¥104.39 million, down 70.21% from ¥350.37 million year-on-year[21]. - Basic earnings per share for the first half of 2023 were ¥0.62, down 78.69% from ¥2.91 in the same period last year[21]. - The total comprehensive income for the first half of 2023 was CNY 109,365,335.26, compared to CNY 347,288,141.99 in the first half of 2022, reflecting a decrease of 68.5%[130]. - The company's total profit for the first half of 2023 was CNY 117,600,096.36, a decrease of 70.8% from CNY 402,844,399.89 in the same period of 2022[132]. - The company reported a net loss of CNY 7,368,404.96 for the period, indicating a decline compared to the previous year's profit[146]. Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to approximately ¥393.95 million, up 274.24% from ¥105.27 million in the previous year[21]. - The cash flow from operating activities for the first half of 2023 was CNY 1,081,509,144.33, a decrease of 17.0% compared to CNY 1,302,727,413.74 in the first half of 2022[136]. - The ending balance of cash and cash equivalents as of June 30, 2023, was CNY 1,526,149,070.43, an increase from CNY 1,385,527,400.94 at the end of the first half of 2022[142]. - The total cash inflow from operating activities for the first half of 2023 was CNY 1,117,742,116.42, a decrease from CNY 1,356,019,461.07 in the same period of 2022, representing a decline of approximately 17.6%[137]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥3.34 billion, a decrease of 7.01% from ¥3.59 billion at the end of the previous year[21]. - The total liabilities decreased to CNY 610,165,084.21 from CNY 731,792,064.17, indicating a reduction of about 16.6%[121]. - The company's total assets amounted to CNY 3,022,331,867.03, a decrease from CNY 3,289,750,530.68 at the end of 2022, representing a decline of 8.1%[126]. - The total equity of the company as of June 30, 2023, was CNY 2,728,542,102.77, down from CNY 2,858,582,869.11 at the end of 2022[121]. Research and Development - The company has established a technology center for R&D, focusing on new technologies and products, and collaborates with academic institutions to enhance technical capabilities[29]. - The company completed 18 patent applications in the first half of the year, including 3 invention patents, emphasizing its commitment to high-quality intellectual property development[45]. - Research and development expenses for the first half of 2023 were ¥44,167,020.37, slightly up from ¥41,679,169.78 in the same period of 2022[128]. Market and Industry Trends - In the first half of 2023, European electric bicycle sales reached approximately 5.5 million units, a year-on-year increase of 8.6%, with a market penetration rate of about 27.2%[30]. - The domestic electric bicycle market is in its early stages, with growth potential driven by policies promoting green travel and increasing sports demand[32]. - The company is focusing on market expansion and new product development as part of its strategic initiatives moving forward[128]. Risks and Challenges - The company highlighted risks related to international macroeconomic conditions, particularly the potential impact of trade barriers and tariffs on its overseas markets[52]. - The company acknowledged the risk of increased competition in the electric bicycle system business, particularly from established competitors like Robert Bosch GmbH and Shimano Inc.[54]. - The company is at risk of technological obsolescence if its R&D does not align with market demands and industry trends[55]. - The company faces potential core technology leakage risks despite implementing protective measures and confidentiality agreements[56]. Corporate Governance and Shareholder Commitments - The controlling shareholder Wang Qinghua has committed to not transfer or entrust the management of shares for 36 months post-listing, with an automatic extension of 6 months if the stock price falls below the issuance price for 20 consecutive trading days[75]. - The company has received commitments from shareholders to avoid engaging in competitive businesses with the company and its subsidiaries, ensuring no conflicts of interest arise[80]. - The commitments made by the controlling shareholder include provisions for compensation to the company in case of losses due to violations of these commitments[80]. - The company has committed to avoiding and reducing related party transactions to protect the interests of shareholders, especially minority shareholders[82]. Environmental and Sustainability Initiatives - The company has implemented measures to ensure zero industrial wastewater generation and reduce solid waste production[69]. - The company has invested in VOCs treatment equipment to reduce air pollution emissions[69]. - The company has established a solar power station to reduce energy consumption and carbon emissions[70]. - The company is committed to green manufacturing and has optimized management processes to enhance resource utilization[70].

八方电气（苏州）股份有限公司 证券代码：603489 证券简称：八方股份 公告编号：2023-031 第二届董事会第二十二次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 八方电气（苏州）股份有限公司（以下简称"公司"）于 2023 年 8 月 28 日以现场及通讯相结合的方式召开了第二届董事会第二十二 次会议，会议通知于 2023 年 8 月 18 日以电子邮件方式发出。本次会 议由董事长王清华先生召集并主持，会议应出席董事 6 名，实际出席 董事 6 名，公司监事及高级管理人员列席了会议。本次会议的召集、 召开及表决程序符合《公司法》及《公司章程》等文件的相关规定， 程序合法，会议决议有效。 二、董事会会议审议情况 经与会董事审议，一致通过如下议案： （一）审议通过《2023 年半年度报告》 《2023 年半年度报告》全文及摘要详见公司同日在上海证券交 易所网站（www.sse.com.cn）披露的相关内容。 表决结果：6 票同意，0 票反对，0 票弃权。 （二）审议通过《202 ...

八方电气（苏州）股份有限公司独立董事 关于第二届董事会第二十二次会议相关事项的独立意见 根据《中华人民共和国公司法》、《关于上市公司建立独立董事 制度的指导意见》、《八方电气（苏州）股份有限公司章程》、《独 立董事工作制度》的有关规定，我们作为八方电气（苏州）股份有限 公司（以下简称"公司"）的独立董事，对公司对外担保情况、控股 股东及关联方资金占用的情况及第二届董事会第二十二次会议审议 的其他事项，发表相关专项说明和独立意见如下： 公司 2023 年半年度募集资金存放与使用情况符合《上海证券交 易所股票上市规则》、《上海证券交易所上市公司自律监管指引第 1 一、对外担保情况 截至 2023 年 6 月 30 日，公司仅存在一笔为全资子公司八方电气 （波兰）有限责任公司（波兰文名称：Bafang Electric (Poland) spółka z ograniczoną odpowiedzialnościa）提供 3,424,107.50 欧元担保的事项。该 担保事项已经第一届董事会第十八次会议审议通过，决策程序合规， 担保事项是基于全资子公司经营发展的正常需要，未损害公司和全体 股东的利益。除上述担保外， ...

证券代码：603489 证券简称：八方股份 公告编号：2023-033 八方电气（苏州）股份有限公司 金项目 10,082.15 万元，募集资金专用账户利息收益及理财产品收益 159.55 万元。 截至 2023 年 6 月 30 日，公司累计使用募集资金 108,810.17 万 元，其中直接投入募集资金项目累计 67,210.54 万元，补充流动资金 本金及利息转入自有资金账户累计 36,010.29 万元，募集资金项目结 项并将剩余募集资金永久补充流动资金 3,843.30 万元，支付发行费 用累计 1,746.04 万元，募集资金专用账户利息收益及理财产品累计 收益 4,773.38 万元。募集资金专户 2023 年 6 月 30 日余额合计为 21,459.81 万元。 二、募集资金管理情况 2023 年半年度募集资金存放与使用的专项报告 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。 根据中国证券监督管理委员会《上市公司监管指引第 2 号-上市 公司募集资金管理和使用的监管要求》《上海证券交易所上市公司自 律 ...

八方电气（苏州）股份有限公司 第二届监事会第十九次会议决议公告 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个别及连带责任。 一、监事会会议召开情况 证券代码：603489 证券简称：八方股份 公告编号：2023-032 - 1 - 表决结果：3 票同意，0 票反对，0 票弃权。 （二）审议通过《2023 年半年度募集资金存放与使用情况的专 项报告》 监事会认为：公司 2023 年半年度募集资金的存放与使用符合中 国证监会、上海证券交易所关于上市公司募集资金存放与使用的相关 规定，不存在募集资金违规存放和使用的情形。 八方电气（苏州）股份有限公司（以下简称"公司"）于 2023 年 8 月 28 日以现场及通讯相结合的方式召开了第二届监事会第十九次 会议，会议通知于 2023 年 8 月 18 日以电子邮件方式发出。本次会议 由监事会主席蔡金健先生召集并主持，会议应出席监事 3 名，实际出 席监事 3 名。本次会议的召集、召开及表决程序符合《公司法》及《公 司章程》等文件的相关规定，程序合法，会议决议有效。 二、监事会会议审议情况 经 ...

八方电气（苏州）股份有限公司 证券代码：603489 证券简称：八方股份 公告编号：2023-030 关于全资子公司办理完成工商变更登记的公告 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。 八方电气（苏州）股份有限公司（以下简称"公司"）近日收到 全资子公司八方（天津）电气科技有限责任公司（以下简称"八方天 津"）的通知，因其住所变更的实际情况及经营发展需要，八方天津 对住所进行了工商变更登记，并取得了天津市静海区市场监督管理局 核发的营业执照。本次变更完成后，八方天津住所为"天津子牙经济 技术开发区高新产业园银海道 21 号"。 八方天津变更后的工商登记信息如下： 统一社会信用代码：91120223MA070M2A8J 名称：八方（天津）电气科技有限责任公司 类型：有限责任公司（法人独资） 法定代表人：王治民 经营范围：一般项目：科技中介服务；电机及其控制系统研发； 发电机及发电机组销售；电机制造；智能车载设备制造；助动车制造； - 1 - 配电开关控制设备制造；自行车及零配件批发；助动自行车、代步车 及零配件销售； ...

证券代码：603489 证券简称：八方股份 公告编号：2023-023 八方电气（苏州）股份有限公司 关于召开 2022 年度暨 2023 年第一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个别及连带责任。 重要内容提示： 会议召开时间：2023 年 05 月 31 日(星期三) 下午 13:00-14:00 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：上证路演中心视频直播和网络互动 投资者可于 2023 年 05 月 24 日(星期三) 至 05 月 30 日(星期 二)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 security@bafang-e.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。 八方电气（苏州）股份有限公司（以下简称"公司"）已于 2023 年 4 月 21 日发布 2022 年年度报告、于 2023 年 4 月 28 日发布 2023 年第一季度报告，为便于 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥451,586,564.48, a decrease of 40.72% compared to the same period last year[2] - The net profit attributable to shareholders was ¥46,575,942.07, down 74.06% year-on-year[2] - The net profit after deducting non-recurring gains and losses was ¥37,223,453.76, a decline of 78.91% compared to the previous year[2] - Basic earnings per share decreased by 73.83% to ¥0.39[5] - Total operating revenue for Q1 2023 was CNY 451,586,564.48, a decrease of 40.6% compared to CNY 761,753,664.04 in Q1 2022[16] - Net profit attributable to shareholders for Q1 2023 was CNY 46,575,942.07, a decline of 74.0% from CNY 179,560,036.60 in Q1 2022[17] - Basic and diluted earnings per share for Q1 2023 were CNY 0.39, compared to CNY 1.49 in Q1 2022[17] - The net profit for Q1 2023 was ¥63,871,293.38, down 62.5% from ¥170,653,903.62 in Q1 2022[28] Cash Flow - The net cash flow from operating activities increased by 102.12% to ¥111,771,121.17[5] - The net cash flow from operating activities for Q1 2023 was ¥111,771,121.17, a significant increase compared to ¥55,298,479.85 in Q1 2022, reflecting a growth of approximately 102.5%[20] - The company reported a cash inflow from operating activities of ¥464,290,860.29, compared to ¥739,201,375.74 in the previous year, a decline of about 37.2%[20] - The cash outflow from operating activities was ¥352,519,739.12, significantly lower than ¥683,902,895.89 in Q1 2022, indicating a decrease of approximately 48.7%[20] - The cash flow from operating activities for Q1 2023 was ¥125,846,951.16, significantly improved from ¥32,066,117.85 in Q1 2022[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥3,538,130,043.30, a decrease of 1.46% from the end of the previous year[3] - The total current assets decreased to RMB 2,703,186,218.16 from RMB 2,801,261,591.51, reflecting a decline of about 3.5%[10] - The company's total assets as of March 31, 2023, were RMB 3,538,130,043.30, down from RMB 3,590,374,933.68, indicating a decrease of approximately 1.5%[11] - The total current liabilities decreased to RMB 620,184,809.63 from RMB 718,974,018.58, indicating a reduction of approximately 13.7%[11] - Total liabilities as of Q1 2023 were CNY 632,310,627.63, compared to CNY 731,792,064.17 in the previous year[12] - The total liabilities decreased to ¥302,012,833.11 from ¥426,760,885.98, indicating a reduction of about 29.2%[23] Expenses - The company's sales expenses increased by 131.08% due to higher market expansion and after-sales costs[4] - Total operating costs for Q1 2023 were CNY 406,439,516.14, down 26.7% from CNY 553,941,019.40 in Q1 2022[16] - The company incurred sales expenses of ¥27,915,218.35 in Q1 2023, an increase of 37.2% from ¥20,382,222.74 in Q1 2022[26] - Research and development expenses for Q1 2023 were CNY 21,245,433.06, slightly up from CNY 20,538,942.78 in Q1 2022[16] - Research and development expenses decreased to ¥17,831,936.25 in Q1 2023 from ¥19,182,466.75 in Q1 2022, reflecting a reduction of 7.0%[26] Investments - The company reported a significant increase in prepayments by 206.10%, mainly due to prepaid fuel and exhibition expenses[4] - The total investment income for Q1 2023 was a loss of ¥6,927,711.44, compared to a gain of ¥745,030.14 in Q1 2022[26] - The company generated cash inflows from investment activities of ¥294,591,317.31 in Q1 2023, up from ¥154,597,702.40 in Q1 2022[31] Equity - The equity attributable to shareholders increased by 1.65% to ¥2,905,819,415.67[3] - Total equity attributable to shareholders was CNY 2,905,819,415.67 in Q1 2023, an increase from CNY 2,858,582,869.51 in Q1 2022[12] - The total owner's equity as of March 31, 2023, was ¥2,926,860,938.08, down from ¥2,862,989,644.70, reflecting a decrease of approximately 2.2%[24] Market Conditions - The company's operating income decline was primarily due to high terminal market inventory and weak consumer demand[4] - The company has not disclosed any new product developments or market expansion strategies in the provided reports[9]

Financial Performance - Revenue for 2022 reached 2.85 billion yuan, a 7.66% increase compared to 2021[24] - Net profit attributable to shareholders decreased by 15.58% to 512.13 million yuan in 2022[24] - Basic earnings per share (EPS) for 2022 was 4.27 yuan, a 15.28% decrease from 2021[25] - Weighted average return on equity (ROE) decreased by 6.29 percentage points to 18.51% in 2022[25] - Cash flow from operating activities increased by 4.74% to 350.80 million yuan in 2022[24] - Total assets at the end of 2022 were 3.59 billion yuan, a 1.34% increase from 2021[24] - Revenue for 2022 reached RMB 28.5 billion, a year-on-year increase of 7.66%[58] - Net profit attributable to shareholders decreased by 15.58% to RMB 512.13 million[58] - Operating costs increased by 12.63% to RMB 1.96 billion[60] - Sales expenses rose by 21.93% to RMB 102.94 million[60] - R&D expenses increased by 5.13% to RMB 84.81 million[60] - Revenue from e-bike products decreased by 11.34% to RMB 1.37 billion, with a gross margin increase of 1.24 percentage points[64] - Revenue from integrated wheel motors surged by 64.20% to RMB 781.14 million, with a gross margin increase of 1.21 percentage points[64] - Revenue from battery products grew by 69.17% to RMB 179.89 million, with a gross margin increase of 0.75 percentage points[64] - Domestic revenue increased by 8.69% to RMB 1.88 billion, while overseas revenue grew by 5.28% to RMB 963.27 million[64] - Direct material costs decreased by 15.51% to RMB 637.98 million, accounting for 91.13% of total costs[67] - Direct labor costs decreased by 10.03% to RMB 17.01 million, accounting for 2.43% of total costs[67] - Manufacturing expenses increased by 29.85% to RMB 45.11 million, accounting for 6.44% of total costs[67] - Total costs decreased by 13.43% to RMB 700.10 million[67] - Sales expenses increased by 21.93% to RMB 102.94 million[69] - R&D expenses increased by 5.13% to RMB 84.81 million, accounting for 2.98% of total revenue[69][71] - Operating cash flow increased by 4.74% to RMB 350.80 million[75] - Investment cash flow decreased by 168.78% to RMB -442.57 million[75] - Fixed assets increased by 128.16% to RMB 458.29 million[77] - Accounts receivable notes increased by 30.88% at the end of 2022 compared to the end of 2021, driven by the expansion of domestic business and increased bill settlements[78] - Accounts receivable financing increased by 40.51% at the end of 2022 compared to the end of 2021, also due to the expansion of domestic business and increased bill settlements[78] - Prepayments decreased by 84.14% at the end of 2022 compared to the end of 2021, mainly due to reduced prepayments by subsidiary Bafang New Energy[78] - Other receivables increased by 123.26% at the end of 2022 compared to the end of 2021, primarily due to increased export tax rebates and employee housing loans[78] - Other current assets increased by 134.16% at the end of 2022 compared to the end of 2021, driven by a large VAT debit balance from new production lines and delayed foreign currency remittances[78] - Fixed assets increased by 128.16% at the end of 2022 compared to the end of 2021, mainly due to the completion of a new office building[78] - Intangible assets increased by 200.90% at the end of 2022 compared to the end of 2021, primarily due to land use rights purchases by Bafang New Energy and Bafang Tianjin[78] - Contract liabilities decreased by 30.81% at the end of 2022 compared to the end of 2021, mainly due to reduced prepayments from decreased orders[80] - Other payables increased by 235.67% at the end of 2022 compared to the end of 2021, primarily due to restricted stock repurchase obligations[80] - Overseas assets amounted to RMB 86,661,198.93, accounting for 2.41% of total assets[81] - Total revenue for the year 2022 was 378.2 billion[185] - The company's deposit interest rate remained stable at 3.00% throughout the year[185] Dividends and Shareholder Returns - The company plans to distribute a cash dividend of 20 yuan per 10 shares and a capital reserve transfer of 4 shares per 10 shares[6] - The company's cash dividend policy requires that at least 20% of the distributable profit be allocated as cash dividends annually, and the cumulative cash dividends over three years should not be less than 30% of the average annual distributable profit over the same period[128][129] - In 2022, the company proposed a profit distribution plan of 20 yuan per 10 shares as cash dividends (tax included) and a capital reserve transfer of 4 shares per 10 shares, with no stock dividends[130] - The total cash dividend amount for 2022 was 239,804,222 yuan, accounting for 46.82% of the net profit attributable to ordinary shareholders in the consolidated financial statements[134] - Including cash used for share repurchases, the total dividend amount reached 307,144,051 yuan, representing 59.97% of the net profit attributable to ordinary shareholders[134] - The company achieved a net profit attributable to shareholders of 512.13 million yuan in 2022, with a proposed cash dividend of 2 yuan per share (tax included) and a capital reserve of 4 shares per 10 shares[146] - The company's total cash dividend for 2022 amounted to 239.804222 million yuan (tax included), based on a total share capital of 120,297,135 shares, excluding 395,024 shares held in the share repurchase account[146] Business Operations and Strategy - The company's main business is electric motors and related technologies, with subsidiaries in the Netherlands, the US, Poland, Japan, and Germany[14] - The company launched new mid-drive motor products M510 and M820, and introduced an IOT system for e-bikes with features like GPS tracking and remote unlocking[32] - The company participated in major international exhibitions, including Eurobike in Germany, and sponsored the Italian Agazzini team, which won multiple championships[33] - The company established its first EMC laboratory and obtained UL2849 QTL laboratory certification, enhancing quality control[34] - The company initiated the DDS (direct-to-dealer service) system to improve after-sales service efficiency and connect with over 1,000 dealers[34] - Two major construction projects were launched: a 30,000 sqm facility in Tianjin and a 100,000 sqm facility in Suzhou, both expected to be operational in 2023[35] - In 2022, the company filed 120 new patent applications, was granted 140 patents, and received several awards, including the "China Patent Silver Award"[36] - The company specializes in e-bike motor systems, offering mid-drive and hub motors, and is one of the few globally mastering torque sensor technology[48] - The company's procurement model is based on "production-to-order," ensuring efficient supply chain management[49] - The company is actively promoting intelligent transformation and digitalization, as well as lean production and comprehensive quality management, aiming to optimize the manufacturing system and achieve cost savings through refined cost management and the introduction of new equipment and technologies[90] - The company is strengthening talent development and assessment mechanisms, focusing on introducing mid-to-senior level technical and management talents while refining internal evaluation systems to foster organizational growth[90] Market and Industry Trends - European e-bike sales reached 5.1 million units in 2021, with a market penetration rate of 23.2%, and the Netherlands saw a 1.67% increase in e-bike sales in 2022[37] - US e-bike sales reached 1.14 million units in 2021, a year-on-year increase of 40.7%, with penetration rising to 3.8%[38] - Japan's e-bike sales in 2022 were approximately 794,900 units, with penetration increasing to 53.27% despite flat sales year-on-year[39] - China's electric bicycle sales in 2022 totaled approximately 50 million units, with a social inventory of 350 million units[41] - The replacement market for non-compliant electric bicycles in China is estimated at 19.13 million to 31.88 million units annually[42] - Europe's electric motorcycle registrations surged by 88.4% in 2022, reaching 43,500 units, with penetration rising to 4.58%[44] - Southeast Asia's annual motorcycle sales exceeded 30 million units, contributing to 80% of global sales, with significant potential for electric motorcycle adoption[45] - China's electric motorcycle production and sales in 2022 were 7.61 million and 7.63 million units, respectively, both declining by approximately 14.9% year-on-year[46] - China's "Green Travel 14th Five-Year Plan" aims for over 60% of cities to achieve green travel by 2025, creating opportunities for e-bike growth[40] Corporate Governance and Shareholder Structure - The company's registered address was changed to Suzhou Industrial Park Dongyanli Road No. 6 on February 15, 2022[19] - The company's stock is listed on the Shanghai Stock Exchange with the ticker symbol 603489[21] - The company has established a comprehensive corporate governance structure, including a board of directors with specialized committees, to ensure compliance with legal and regulatory requirements and support strategic decision-making[99] - The company maintains independence in assets, personnel, finance, organization, and business operations, ensuring it has full control over its resources and operations without interference from its controlling shareholders[100][101][102][103][104] - The company's 2021 annual report and financial statements were approved at the 2022 annual shareholders' meeting held on May 23, 2022[106] - The 2022 second interim shareholders' meeting approved the proposal to permanently replenish working capital with the remaining raised funds after the completion of some fundraising projects[106] - The company's total shareholding by directors, supervisors, and senior management remained unchanged at 78,630,971 shares in 2022[108] - The total pre-tax remuneration for directors, supervisors, and senior management in 2022 was 4.5391 million yuan[108] - Wang Qinghua, Chairman and General Manager, held 48.6 million shares and received 910,100 yuan in pre-tax remuneration in 2022[108] - He Xianbing, Director and Deputy General Manager, held 19.617 million shares and received 606,300 yuan in pre-tax remuneration in 2022[108] - Qian Zhenhua, Director and Deputy General Manager, held 10.383 million shares and received 985,900 yuan in pre-tax remuneration in 2022[108] - Fu Shijun, Director, held 12,720 shares and received 450,000 yuan in pre-tax remuneration in 2022[108] - Yu Haifeng, Independent Director, received 60,000 yuan in pre-tax remuneration in 2022[108] - Zhao Gaofeng, Independent Director, received 60,000 yuan in pre-tax remuneration in 2022[108] - Total actual remuneration for all directors, supervisors, and senior management at the end of the reporting period was 4.5391 million yuan[115] - Wang Qinghua serves as the Chairman and General Manager of the company, and also holds positions as Chairman of Goya Trade and Executive Director of Bafang New Energy[111] - He Xianbing is the Director and Vice President of the company, and also serves as the legal representative for Bafang Netherlands, Bafang USA, Bafang Poland, and Bafang Germany[111] - Qian Zhenhua is the Director and Vice President of the company, and also serves as a Director of Goya Trade[111] - Fu Shishi is the Director and Deputy General Manager of the Second Brand Division of the company[111] - Yu Haifeng is an independent director of the company, with extensive experience in the bicycle industry[111] - Zhao Gaofeng is an independent director of the company, currently serving as a consultant at Yizhu Network Technology (Suzhou) Co., Ltd[111] - Cai Jinjian is the Chairman of the Supervisory Committee and Senior Manager of the Materials Department of the company[111] - Gu Yuzhong is the Employee Representative Supervisor of the company[111] - Zhou Qin is the Financial Director and Board Secretary of the company[112] - The company's Audit Committee held 4 meetings in 2022, reviewing annual reports, fundraising usage, and internal control self-assessment reports[120] - The company's Strategic Committee held 2 meetings in 2022, discussing adjustments to the non-public issuance of A-shares and the initiation of a share repurchase plan[122] - The company's Compensation and Assessment Committee held 2 meetings in 2022, confirming 2021 director and executive compensation and reviewing the first phase of the equity incentive plan[121] - The company's Board of Directors held 6 meetings in 2022, with all meetings conducted via a combination of on-site and teleconference methods[118] - The company's training courses include mandatory classes on corporate culture, professional ethics, and safety, as well as specialized technical training and leadership development programs[126] - The company's 2022 annual report indicates that there were no instances of non-operational fund occupation by the controlling shareholder or other related parties, no illegal guarantees, and no significant litigation or arbitration cases[172] - The company has renewed its contract with Rongcheng Certified Public Accountants (Special General Partnership) for the 2022 fiscal year, with a total remuneration of RMB 1.2 million for financial and internal control audit services[173][174] - The company's 2022 annual report shows that the actual daily operational related-party transactions with Velostar Co., Ltd. amounted to RMB 596,700, which did not exceed the board-approved limit of RMB 2 million[175] - The total guarantee amount (including guarantees for subsidiaries) is RMB 25,416,807.56, accounting for 0.89% of the company's net assets[180] - The company provided a guarantee of EUR 3,424,107.50 (approximately RMB 25,416,807.56) for its wholly-owned subsidiary, Bafang Poland[180] - The total entrusted wealth management amount using idle raised funds is RMB 24,000,000, with an outstanding balance of RMB 19,500,000[182] - The total entrusted wealth management amount using idle own funds is RMB 78,000,000, with an outstanding balance of RMB 78,000,000[182] - A bank wealth management product with an amount of RMB 12,000,000 had an annualized return rate of 2.80% and an actual return of RMB 68,060[184] - A bank wealth management product with an amount of RMB 15,000,000 had an annualized return rate of 3.38% and an actual return of RMB 110,960[184] - A bank wealth management product with an amount of RMB 15,000,000 had an annualized return rate of 3.00% and an actual return of RMB 82,850[184] - A bank wealth management product with an amount of RMB 9,000,000 had an annualized return rate of 3.00% and an actual return of RMB 22,930[184] - A bank wealth management product with an amount of RMB 3,000,000 had an annualized return rate of 2.75% and an actual return of RMB 7,010[184] - A bank wealth management product with an amount of RMB 3,300,000 had an annualized return rate of 2.50% and an actual return of RMB 3,840[184] - The company repurchased and canceled 6,915 restricted shares due to employee turnover and unmet vesting conditions[190] - The total number of restricted shares decreased from 48,904,050 to 199,060, a reduction of 99.59%[189] - The number of unrestricted shares increased from 71,400,000 to 120,098,075, an increase of 68.20%[189] - The total number of shares outstanding decreased slightly by 6,915 to 120,297,135[189] - The number of ordinary shareholders at the end of the reporting period was 10,519[193] - The top shareholder, Wang Qinghua, held 48,600,000 shares, representing 40.40% of the total shares[195] - The second-largest shareholder, He Xianbing, held 19,617,071 shares, representing 16.31% of the total shares[195] - Hong Kong Central Clearing Limited reduced its holdings by 4,757,567 shares, ending the year with 12,579,563 shares, representing 10.46% of the total shares[195] - The company repurchased 395,024 shares using its own funds through centralized bidding, with the repurchase period lasting 6 months from the board approval date[196] - Wang Qinghua holds 48,600,000 unrestricted shares, making him the largest shareholder among the top 10 unrestricted shareholders[196] - He Xianbing holds 19,617,071 unrestricted shares and owns 59.97% of Huzhou Guanqun's partnership shares[196] - The National Social Security Fund 406 Portfolio holds 4,924,341 unrestricted shares, representing 0.38% of the total shares[196] - Fidelity Funds (Hong Kong) Limited holds 544,054 unrestricted shares, representing 0.45% of the total shares[196] - The Basic Pension Fund 16052 Portfolio holds 454,200 unrestricted shares, representing 0.38% of the total shares[196] - The Basic Pension Fund 160