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： 证券代码：603507 证券简称：振江股份 公告编号：2023-086 江苏振江新能源装备股份有限公司 关于为全资子公司提供担保的公告 注册地址：江苏灌云经济开发区镜花缘路 58 号 ● 被担保人名称及额度：江苏振江新能源装备股份有限公司(以下简称"本 公司"或"公司")拟为全资子公司连云港振江轨道交通设备有限公司(以下简称 "连云港振江")提供 4,000 万元人民币的担保。 ● 本次担保事项在公司第三届董事会第二十次会议、2022 年年度股东大会 审议通过的担保额度内。 ●公司不存在除控股子公司以外的对外担保情况，不存在逾期担保。 一、担保情况概述 1、连云港振江拟向招商银行股份有限公司连云港分行申请 3,000 万元人民 币综合授信额度，本公司拟为以上融资提供担保。本次担保在 2022 年年度股东 大会授权额度内，不需要单独提交董事会和股东大会审议。 2、连云港振江拟向江苏银行股份有限公司连云港分行申请 1,000 万元人民 币综合授信额度，本公司拟为 ...

二、监事会会议审议情况 证券代码：603507 证券简称：振江股份 公告编号：2023-084 江苏振江新能源装备股份有限公司 第三届监事会第二十一次会议决议公告 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、监事会召开情况 江苏振江新能源装备股份有限公司（以下简称"公司"）第三届监事会第二十 一次会议于2023年8月18日在公司会议室以现场结合通讯的方式召开，会议通知已于 2023年8月13日以电话及直接送达方式发出。本次会议应出席监事3人，实际出席监 事3人，会议由监事会主席卢强先生主持。本次会议召开符合《公司法》及其他法律 法规和《公司章程》的规定，合法有效。 2023年8月19日 1、审议通过了《关于公司 2023 年半年度报告及摘要的议案》； 根据中国证监会《公开发行证券的公司信息披露内容与格式准则第 3 号—半 年度报告的内容与格式(2021 年修订)》、《上海证券交易所股票上市规则》等有 关规定，结合公司及下属子公司 2023 年半年度的整体经营情况，公司编制了 《2023 年半年度报告》及《2023 年 ...

证券代码：603507 证券简称：振江股份 公告编号：2023-082 江苏振江新能源装备股份有限公司 关于受让股权投资基金份额暨对外投资的进展公告（二） 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。 二、对外投资进展情况 （一）启泰基金增加合伙人的具体情况 近日，江阴临港创业投资有限公司与江阴市恒润重工股份有限公司签署了《财 产份额转让协议》，将临港创投持有的启泰基金人民币3,000万元的财产份额（对 应的认缴出资为人民币3,000万元，实缴出资为人民币0元）以人民币0元转让给江 阴市恒润重工股份有限公司。江阴市恒润重工股份有限公司成为启泰基金的有限 合伙人。 江阴市恒润重工股份有限公司基本情况如下： | 名称 | 江阴市恒润重工股份有限公司 | | --- | --- | | 统一社会信用证代码 | 91320200751442336Q | | 类型 | 股份有限公司（港澳台投资、上市） | | --- | --- | | 法定代表人 | 承立新 | | 成立时间 | 2003年7月30日 | | 注册资本 | 4 ...

江苏振江新能源装备股份有限公司 关于为全资子公司及控股孙公司提供担保的公告 证券代码：603507 证券简称：振江股份 公告编号：2023-081 二、被担保人基本情况 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： ● 被担保人名称及额度：江苏振江新能源装备股份有限公司(以下简称"本 公司"或"公司")拟为控股孙公司苏州施必牢精密紧固件有限公司(以下简称"苏 州施必牢")提供 8,000 万元人民币的担保。 ● 被担保人名称及额度：公司拟为全资子公司连云港振江轨道交通设备有 限公司(以下简称"轨道交通")提供 1,000 万元人民币的担保。 ● 本次担保事项在公司第三届董事会第二十次会议、2022 年年度股东大会 审议通过的担保额度内。 ● 公司不存在除控股子公司外的对外担保情况，不存在逾期担保。 一、担保情况概述 1、苏州施必牢拟向上海浦东发展银行股份有限公司太仓支行申请 8,000 万 元人民币综合授信额度，本公司拟为以上融资提供担保。本次担保在度股东大会 授权额度内，不需要单独提交董事会和股东大会 ...

证券代码：603507 证券简称：振江股份 公告编号： 2023-047 江苏振江新能源装备股份有限公司 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： 投资者可于 2023 年 05 月 09 日(星期二) 至 05 月 15 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 jznee@zjavim.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。 江苏振江新能源装备股份有限公司（以下简称"公司"）已分别于 2023 年 4 月 22 日、2023 年 4 月 29 日发布公司《振江股份 2022 年度报告》及《振江股份 2023年一季度报告》，为便于广大投资者更全面深入地了解公司2022年度及2023 年第一季度经营成果、财务状况，公司计划于 2023 年 05 月 16 日 14:00-15:00 举行 2022 年度暨 2023 年第一季度业绩说明会，就投资者关心的问题 ...

Financial Performance - The company's operating revenue for Q1 2023 reached ¥954,207,755.17, representing a year-on-year increase of 112.53%[5] - The net profit attributable to shareholders was ¥47,199,178.96, reflecting a significant increase of 156.48% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥46,430,538.28, which is an increase of 263.59% year-on-year[5] - The basic earnings per share for the period was ¥0.33, marking a 120% increase from the previous year[6] - Net profit for Q1 2023 was ¥50,177,792.92, representing a 135.5% increase from ¥21,325,239.67 in Q1 2022[19] - The total cost of operations in Q1 2023 was ¥880,931,803.82, an increase of 105.5% from ¥429,210,693.28 in Q1 2022[17] - The company reported a total comprehensive income of ¥50,177,792.92 for Q1 2023, compared to ¥21,325,239.67 in Q1 2022[19] Cash Flow and Liquidity - The net cash flow from operating activities was negative at -¥37,022,512.90, a decline of 162.49% compared to the same period last year, primarily due to increased cash payments for materials and services[5][8] - The net cash flow from operating activities for Q1 2023 was -¥37,022,512.90, a decline from ¥59,246,278.55 in Q1 2022[20] - The cash received from sales of goods and services was ¥634,954,646.53, slightly down from ¥656,642,669.81 in Q1 2022[20] - The net cash flow from investment activities was $1,455,432.02, a decrease of $50,568,728.50 compared to the previous period[21] - Cash inflow from financing activities totaled $426,235,538.82, an increase of $58,883,787.84 year-over-year[21] - The net cash flow from financing activities was $47,413,640.34, recovering from a negative cash flow of $20,008,552.70 in the previous period[21] - The total cash and cash equivalents at the end of the period reached $462,476,313.14, up from $451,275,226.55 at the beginning of the period[21] - The cash outflow for investing activities was $145,195,390.42, compared to $69,900,717.55 in the previous period[21] - The cash inflow from borrowing was $202,642,228.55, an increase from $192,420,656.65 year-over-year[21] - The impact of exchange rate changes on cash and cash equivalents was a negative $645,472.87[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥5,545,926,648.33, an increase of 1.43% from the end of the previous year[6] - The company's total liabilities amounted to ¥3,176,572,679.68, slightly down from ¥3,178,883,603.85 in the previous year[17] - The equity attributable to shareholders increased to ¥2,296,506,105.95, up 2.55% from the previous year-end[6] - The total equity attributable to shareholders increased to ¥2,296,506,105.95, up from ¥2,239,478,132.64 year-over-year[17] - The company's short-term borrowings rose to ¥930,990,475.85 from ¥898,126,755.83, representing an increase of about 3.4%[15] - The total current liabilities were not explicitly stated, but the increase in short-term borrowings suggests a potential rise in overall liabilities[15] - The company reported a total non-current asset value of ¥2,402,579,474.88, up from ¥2,377,877,983.14, indicating a growth of approximately 1.0%[15] Shareholder Information - The company reported a total of 14,498 common shareholders at the end of the reporting period[10] - The largest shareholder, Hu Zhen, holds 22.22% of the shares, amounting to 31,697,042 shares, with some shares pledged[10] Research and Development - Research and development expenses for Q1 2023 were ¥24,686,866.06, compared to ¥12,091,991.36 in Q1 2022, indicating a 104.9% increase[17] Market Activity - The company has not disclosed any new product developments or market expansion strategies in the current report[13] - There are no significant mergers or acquisitions reported during the quarter[13]

Financial Performance - The company's operating revenue for 2022 was approximately ¥2.90 billion, representing a 19.77% increase compared to ¥2.42 billion in 2021[23]. - The net profit attributable to shareholders for 2022 was approximately ¥94.64 million, a decrease of 47.20% from ¥179.25 million in 2021[23]. - The basic earnings per share for 2022 was ¥0.73, down 49.31% from ¥1.44 in 2021[24]. - The total assets at the end of 2022 were approximately ¥5.47 billion, an increase of 12.31% from ¥4.87 billion at the end of 2021[23]. - The net cash flow from operating activities for 2022 was approximately ¥50.85 million, a significant decrease of 85.74% from ¥356.71 million in 2021[23]. - The weighted average return on equity for 2022 was 5.17%, a decrease of 6.59 percentage points from 11.76% in 2021[24]. - The net profit after deducting non-recurring gains and losses for 2022 was approximately ¥31.63 million, down 80.59% from ¥162.94 million in 2021[23]. - The company experienced a net loss of approximately ¥20.63 million in the fourth quarter of 2022 after deducting non-recurring gains and losses[26]. - The company achieved operating revenue of CNY 2,904,085,485.54, representing a year-on-year increase of 19.77%[58]. - Operating costs rose to CNY 2,499,780,980.44, an increase of 33.12% compared to the previous year, primarily due to rising raw material and shipping costs[59]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of 2.00 CNY per share, totaling 28,406,186.80 CNY based on a total share base of 142,030,934 shares after accounting for repurchased shares[6]. - The company has not planned any capital reserve transfers or stock dividends in the current profit distribution[6]. - The company has a cash dividend policy that mandates a minimum of 30% of the distributable profit to be distributed as cash dividends if the company is profitable[131]. - The company declared a cash dividend of CNY 28,406,186.80, which represents 30.02% of the net profit attributable to ordinary shareholders in the consolidated financial statements[136]. - The company has a clear profit distribution policy, allowing for at least one annual profit distribution when profits are positive and undistributed profits are available[134]. Audit and Compliance - The company has received a standard unqualified audit report from Dahua Certified Public Accountants[5]. - The company’s financial report has been confirmed for its authenticity and completeness by its management team[5]. - There are no non-operating fund occupations by controlling shareholders or related parties reported[8]. - The company has not reported any violations in decision-making procedures regarding external guarantees[8]. - The company has established a comprehensive internal control system, with no significant deficiencies reported during the period[144]. Strategic Development and Market Position - The company is committed to its "Two Seas" strategy and focuses on the development of the renewable energy sector, particularly wind and solar power[32]. - The company has expanded its customer base both domestically and internationally, effectively increasing revenue despite external challenges[32]. - The company plans to enhance its product chain by increasing R&D in key components for automotive and renewable energy sectors, aiming to improve market share and maintain competitive advantage[41]. - The company is actively expanding into the U.S. photovoltaic market following the implementation of the U.S. IRA Act, aiming to enhance sales share in the region[55]. - The company aims to enhance its core competitiveness by improving governance structures and focusing on R&D capabilities, product quality, and customer relationships[91]. Risks and Challenges - The company faced risks from international trade tensions and raw material price fluctuations, particularly in steel, which significantly impacts production costs[96]. - The company's main business gross margins were 20.28%, 23.61%, and 14.33% from 2020 to 2022, indicating a significant risk of revenue decline due to potential policy changes in the wind and solar industries[97]. - High foreign sales revenue proportion exposes the company to exchange rate fluctuations, particularly as some clients still settle in foreign currencies, impacting profitability[98]. - The company has acquired two firms, Shanghe Haigong and Shanghai Dite, which are currently performing well, but there is a risk of goodwill impairment due to economic challenges and industry competition[98]. Research and Development - The company’s R&D expenses increased by 14.88% to CNY 92,331,144.77, reflecting a focus on new product development[58]. - The number of R&D personnel is 114, accounting for 49.1% of the total workforce[69]. - Research and development investments have increased by 25%, focusing on advanced manufacturing technologies[112]. Environmental and Social Responsibility - The company invested CNY 1,348,600 in environmental protection during the reporting period[146]. - The company has received recognition as a "green enterprise" and an "environmental demonstration unit" by local environmental authorities[147]. - The company implemented carbon reduction measures, successfully reducing CO2 equivalent emissions by 8,000 tons during the reporting period[149]. - The company upgraded 150 units of 400W metal halide lamps to 150W LED lamps, contributing to energy efficiency[149]. - The company invested a total of 1.3049 million yuan in social responsibility initiatives, benefiting 306 individuals[150]. Corporate Governance - The total pre-tax remuneration for the board members amounted to 808.91 million yuan for the reporting period[107]. - The company has a structured salary policy that combines annual salary and year-end bonuses for management, while ordinary employees receive a combination of base salary and performance-based pay[129]. - The company has a robust mechanism for shareholder engagement, ensuring that minority shareholders can express their opinions and protect their rights[134]. - The company has committed to avoiding any business competition with its controlling shareholders and related parties[156]. Share Capital and Stock Incentives - The company completed a non-public issuance of shares, increasing the total share capital from 12558.14 million shares to 14262.55 million shares[194]. - The company plans to continue its stock incentive plan, which is contingent on meeting specific performance targets[199]. - The total number of restricted shares at the beginning of the year was 122.50 million, with 1,763.16 million shares remaining at year-end after adjustments[197].

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 1,285,912,718.32, representing a 2.70% increase compared to CNY 1,252,142,981.33 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was CNY 39,517,538.37, a decrease of 55.06% from CNY 87,935,087.88 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 30,006,415.32, down 67.65% from CNY 92,767,013.28 year-on-year[19]. - The net cash flow from operating activities was CNY 52,805,634.62, a decline of 35.86% compared to CNY 82,324,168.54 in the same period last year[19]. - Basic earnings per share for the first half of 2022 were CNY 0.32, down 54.29% from CNY 0.70 in the same period last year[20]. - The diluted earnings per share were also CNY 0.32, reflecting the same percentage decrease of 54.29%[20]. - The weighted average return on net assets decreased to 2.41%, down 3.55 percentage points from 5.96% in the previous year[20]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion in Q2 2023, representing a 20% year-over-year growth[76]. - The company reported a net profit of 130 million, an increase of 10% compared to the previous period[80]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 5,008,181,813.75, reflecting a 2.86% increase from CNY 4,868,863,754.33 at the end of the previous year[19]. - The total liabilities reached CNY 3,301,135,481.64, up from CNY 3,214,036,136.54, marking an increase of approximately 2.7%[109]. - The company's cash and cash equivalents decreased to CNY 634,501,361.99 from CNY 648,725,385.63, a decline of about 2.0%[107]. - The total equity attributable to shareholders increased to CNY 1,663,050,283.69 from CNY 1,616,342,682.08, reflecting a growth of approximately 2.9%[109]. - The company reported a total guarantee amount of 58,283.45 million RMB, which accounts for 35.05% of the company's net assets[90]. - The company's total liabilities at the end of the reporting period were RMB 1,522,018,996.33, showing a slight increase from the previous period[148]. Market Position and Strategy - The company specializes in wind power equipment, photovoltaic/solar thermal equipment components, and fastening devices, positioning itself as a leading manufacturer in the renewable energy sector[25]. - The company aims to expand its market presence in wind power, photovoltaics, and aviation sectors, reducing reliance on the commercial vehicle industry, which has seen a significant downturn[35]. - The company has established strong partnerships with global and domestic leaders such as Siemens, GE, and Shanghai Electric, enhancing its competitive edge in the wind and solar equipment sectors[37]. - The company is actively pursuing market opportunities in the renewable energy sector, aligning with national strategies such as the "Belt and Road" initiative and "dual carbon" goals[42]. - The company is expanding its market presence in Southeast Asia, targeting a 25% market share by the end of 2024[76]. Research and Development - Research and development expenses decreased by 46.49% to approximately ¥25.36 million, attributed to reduced new product development during the pandemic[45]. - The R&D expenditure for new products increased by 20%, totaling 50 million in the first half of 2022[80]. - The company is investing in new technology development to improve operational efficiency and product innovation[136]. - The company has a total of 241 valid patent authorizations, reflecting its strong focus on technology development and innovation[41]. Environmental and Social Responsibility - The company has been recognized as a "Green Enterprise" by the Jiangsu Provincial Ecological and Environmental Department and as an "Environmental Demonstration Enterprise" by the Wuxi Ecological Environment Bureau[66]. - During the reporting period, the company implemented measures to reduce carbon emissions, including the use of rooftop distributed photovoltaic power stations, which improved asset efficiency and reduced electricity costs[69]. - The company actively engaged in social responsibility by donating to the Jiangyin Charity Association for pandemic prevention and providing supplies to healthcare workers[70]. - The company promotes resource conservation and encourages employees to adopt green office practices, reducing paper, water, and electricity usage[69]. Risks and Challenges - The company faces risks from international trade friction, particularly in the wind and solar equipment markets, which are heavily concentrated in the US and Europe[56]. - The cost of raw materials, especially steel, has a significant impact on the company's operating performance, with fluctuations in prices potentially affecting profit margins[57]. - The company has identified a risk of substantial decline in sales revenue and gross margin due to potential changes in industry policies and competition[57]. - The company has a high proportion of foreign sales, making it vulnerable to exchange rate fluctuations, particularly with the Euro and US Dollar[58]. Corporate Governance - The company has not proposed any profit distribution or capital reserve transfer for the half-year period[63]. - The company has implemented a stock incentive plan, with recent approvals for unlocking conditions and share buybacks[64]. - The company strictly adhered to the regulations regarding related party transactions, with no transactions exceeding the expected amount[86]. - The company has not issued any convertible bonds or corporate bonds during the reporting period, maintaining a conservative capital structure[104]. Financial Reporting and Compliance - The financial statements for the first half of 2022 were approved by the board on August 30, 2022[153]. - The accounting policies comply with enterprise accounting standards, ensuring a true and complete reflection of the company's financial status[157]. - The company evaluates its operating cycle as 12 months, which is used as a standard for classifying asset and liability liquidity[159]. - The company recognizes goodwill when the acquisition cost exceeds the fair value of identifiable net assets acquired in a business combination[164].

Financial Performance - The company's operating revenue for Q1 2022 was ¥448,970,542.01, representing a decrease of 18.33% compared to the same period last year[4] - The net profit attributable to shareholders was ¥18,402,361.68, down 31.11% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥12,770,100.64, a decline of 38.47% compared to the previous year[4] - Total operating revenue for Q1 2022 was ¥448,970,542.01, a decrease of 18.3% compared to ¥549,740,658.10 in Q1 2021[14] - Net profit for Q1 2022 was ¥21,325,239.67, a decline of 15.1% from ¥25,211,913.85 in Q1 2021[16] - Operating profit for Q1 2022 was ¥30,451,666.98, slightly down from ¥32,197,514.34 in Q1 2021[14] - The company’s total profit for Q1 2022 was ¥29,642,166.15, down from ¥30,915,206.62 in Q1 2021, reflecting a decrease of 4.1%[14] Cash Flow - The net cash flow from operating activities increased by 102.86% to ¥59,246,278.55, attributed to increased customer payments[4] - Cash flow from operating activities increased to ¥59,246,278.55 in Q1 2022, compared to ¥29,205,938.00 in Q1 2021, representing a growth of 102.0%[18] - Cash and cash equivalents at the end of Q1 2022 were ¥178,414,989.38, up from ¥54,721,822.60 at the end of Q1 2021[20] - Investment activities generated a net cash outflow of ¥50,568,728.50 in Q1 2022, compared to a net outflow of ¥48,949,503.45 in Q1 2021[20] - Financing activities resulted in a net cash outflow of ¥20,008,552.70 in Q1 2022, contrasting with a net inflow of ¥9,867,152.44 in Q1 2021[20] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,080,443,948.23, an increase of 4.35% from the end of the previous year[5] - As of March 31, 2022, the total current assets amounted to RMB 2,820,667,319.31, an increase from RMB 2,643,045,565.68 at the end of 2021, reflecting a growth of approximately 6.7%[12] - The total assets reached RMB 5,080,443,948.23, up from RMB 4,868,863,754.33 at the end of 2021, indicating an increase of about 4.3%[13] - Total current liabilities were reported at RMB 2,755,483,311.02, compared to RMB 2,664,862,336.19 at the end of 2021, marking an increase of about 3.4%[13] - The total liabilities amounted to RMB 3,402,583,747.02, up from RMB 3,214,036,136.54, reflecting an increase of approximately 5.9%[13] - The equity attributable to shareholders reached RMB 1,636,470,530.06, compared to RMB 1,616,342,682.08 at the end of 2021, indicating a growth of about 1.2%[13] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,041[8] - The largest shareholder, Hu Zhen, holds 25.69% of the shares, with 19.86% of those shares pledged[9] Research and Development - The company reported a decrease in research and development expenses to ¥12,091,991.36 in Q1 2022 from ¥19,638,058.06 in Q1 2021, a reduction of 38.5%[14] Earnings Per Share - The basic and diluted earnings per share were both ¥0.15, reflecting a decrease of 28.57%[4]

Financial Performance - The company's operating revenue for 2021 was CNY 2,424,659,107.94, representing a 25.54% increase compared to CNY 1,931,352,189.04 in 2020[22]. - Net profit attributable to shareholders reached CNY 179,246,026.89, a significant increase of 166.15% from CNY 67,348,724.59 in the previous year[22]. - Basic earnings per share (EPS) for 2021 was CNY 1.44, up 164.81% from CNY 0.54 in 2020[23]. - The company's total assets increased by 36.20% to CNY 4,868,863,754.33 at the end of 2021, compared to CNY 3,574,669,521.70 at the end of 2020[22]. - The weighted average return on equity (ROE) improved to 11.76%, an increase of 6.99 percentage points from 4.77% in 2020[23]. - The net cash flow from operating activities was CNY 356,708,750.61, a decrease of 9.77% from CNY 395,328,839.11 in 2020[22]. - The company's net assets attributable to shareholders increased by 12.93% to CNY 1,616,342,682.08 at the end of 2021, compared to CNY 1,431,227,550.37 at the end of 2020[22]. - The company's revenue for the reporting period reached ¥2,424,659,107.94, representing a 25.54% increase compared to ¥1,931,352,189.04 in the same period last year[58]. - The company's operating costs increased by 20.94%, amounting to ¥1,877,907,479.71, up from ¥1,552,738,232.09 in the previous year[58]. Dividend Distribution - The company plans to distribute a cash dividend of 2.90 CNY per 10 shares, totaling 36,431,056.86 CNY based on a total share base of 125,624,334 shares after deducting repurchased shares[5]. - The company does not plan to increase capital reserves or issue bonus shares in this profit distribution[5]. - The company implements a stable profit distribution policy, ensuring that cash dividends account for at least 20% of the distributable profits in profitable years[135]. - In mature stages without significant capital expenditure, cash dividends should constitute at least 80% of the profit distribution; if there are major expenditures, this minimum drops to 40%[136]. - The company prioritizes cash dividends over stock dividends, ensuring that any stock dividends do not dilute shareholder value excessively[136]. - The company has a clear and transparent cash dividend policy that aligns with shareholder interests and long-term benefits[138]. Audit and Compliance - The company has received a standard unqualified audit report from DaHua Certified Public Accountants[4]. - The board of directors and supervisory board confirm the authenticity, accuracy, and completeness of the annual report[11]. - The company has not faced any issues with a majority of directors being unable to guarantee the authenticity of the annual report[9]. - The company has established a comprehensive governance structure and internal control system in compliance with relevant laws and regulations[144]. - The internal control system has been audited by Da Hua Accounting Firm, receiving a standard unqualified opinion[143]. - The company has disclosed the fund occupation situation in its 2020 annual report and has taken corrective actions as required by the Jiangsu Securities Regulatory Bureau[181]. Operational Strategy - The company has outlined its future plans and development strategies, but these do not constitute substantive commitments to investors[6]. - The company has a robust order backlog of 1.856 billion yuan as of the end of the reporting period, including 1.535 billion yuan in wind power equipment orders and 53 million yuan in photovoltaic equipment orders[34]. - The company is strategically positioned to leverage national initiatives such as the "Belt and Road" and "dual carbon" goals, focusing on high-quality development[33]. - The company is focusing on transitioning from low-end to mid-to-high-end fastener products to meet market demand[41]. - The company is actively pursuing refinancing options to strengthen its capital structure and reduce financial risks[95]. Research and Development - The company plans to increase R&D in core technologies for automotive key components and wind power photovoltaic fasteners, aiming to enhance product structure and market share[42]. - Research and development expenses increased to 803.72 million RMB, a rise of 13.97% year-on-year, driven by new product development[59]. - The number of R&D personnel is 123, making up 4.86% of the total workforce[70]. - The company has a total of 225 valid patent authorizations as of December 31, 2021, showcasing its strong technological capabilities[52]. Market Position and Growth - The global wind power market is experiencing rapid growth, with significant demand for the company's wind power equipment components, such as nacelle covers and rotor rooms[36]. - The renewable energy sector, particularly solar energy, presents substantial growth potential, with solar energy reserves being 2850 times the current global energy demand[37]. - The company is focusing on the development of offshore wind power technology, which is expected to drive growth in the wind power industry[89]. - The global photovoltaic market saw an increase of 54.88 GW in new installed capacity in China in 2021, with a total cumulative capacity of 305.987 GW by the end of the year[90]. Corporate Governance - The board of directors consists of 5 members, including 2 independent directors, complying with the requirements of the guidelines for independent director systems[102]. - The supervisory board has 3 members, including 1 employee supervisor, meeting the legal requirements[102]. - The company maintains independence in assets, personnel, finance, institutions, and business, with no issues affecting its independence or operational capability[103]. - The company has established specialized committees under the board, including a strategy committee, compensation and assessment committee, nomination committee, and audit committee, to enhance governance[102]. - The company has implemented a stock incentive plan, with the second phase approved during the reporting period[104]. Social Responsibility and Community Engagement - The company has been recognized as a "Green Enterprise" by the Jiangsu Provincial Ecological and Environmental Department and as an "Environmental Demonstration Enterprise" by the Wuxi Ecological Environment Bureau[145]. - The company participates in community charity events annually, enhancing its social image and gaining public support[149]. - The company emphasizes the importance of high-quality service as a core value, aiming to enhance customer satisfaction and loyalty[93]. Legal and Regulatory Issues - The company is involved in a significant lawsuit regarding an insurance contract dispute, which has been accepted by the Shanghai Maritime Court[177]. - The actual controller of the company, Hu Zhen, occupied company funds amounting to CNY 31.5 million from 2018 to 2020, which has been fully repaid along with interest by April 27, 2021[179]. - The company has received a public reprimand from the Shanghai Stock Exchange on October 15, 2021, regarding fund occupation issues involving the company and its key executives[118].