证券代码：603758 证券简称：秦安股份 公告编号：2025-027 重庆秦安机电股份有限公司 第五届监事会第十一次会议决议公告 二、监事会会议审议情况 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法律责任。 一、监事会会议召开情况 经全体与会监事审议，通过如下决议： （一）审议通过《关于公司 2025 年半年度报告（全文及摘要）的议案》 表决结果： 3 票同意， 0 票反对， 0 票弃权 经审议，监事会认为：公司 2025 年半年度报告及摘要的编制和审议程序符 合法律、法规、公司章程和公司内部管理制度的有关规定；公司 2025 年半年度 报告及摘要的内容和格式符合中国证券监督管理委员会和上海证券交易所的有 关规定，所包含的信息不存在任何虚假记载、误导性陈述或者重大遗漏，能够真 实地反映出公司 2025 年半年度的经营状况和财务状况。 具体内容详见公司同日在上海证券交易所网站(www.sse.com.cn)披露的《秦 安股份 2025 年半年度报告》及其摘要。 重庆秦安机电股份有限公司（以下简称"公司"、"秦安股份"）第五届监事 会 ...

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法律责任。 一、董事会会议召开情况 重庆秦安机电股份有限公司（以下简称"公司"、"秦安股份"）第五届董事 会第十五次会议于 2025 年 8 月 22 日以现场结合通讯表决方式在公司召开。本次 董事会会议通知及议案已于 2025 年 8 月 12 日以电子邮件的方式发出。本次会议 应当出席的董事人数 9 人，实际出席会议的董事人数 9 人（其中：以通讯表决方 式出席会议的董事人数 3 人），会议由董事长 YUANMING TANG 先生主持。会议召 开符合《中华人民共和国公司法》及《公司章程》等法律法规及公司制度的规定， 所作决议合法有效。 二、董事会会议审议情况 经全体与会董事审议，本次会议通过如下决议： 证券代码：603758 证券简称：秦安股份 公告编号：2025-026 重庆秦安机电股份有限公司 第五届董事会第十五次会议决议公告 （一）审议通过《关于公司 2025 年半年度报告（全文及摘要）的议案》 具体内容详见公司同日于上海证券交易所网站（www.sse.com.cn）及指定媒 体 ...

Definitions [Definitions of Common Terms](index=4&type=section&id=Definitions%20of%20Common%20Terms) This chapter lists definitions of common terms used in the report, including company names, subsidiaries, related parties, and major customers, to ensure clear understanding of the report content Definitions of Common Terms | Common Term | Definition | | :--- | :--- | | Qin'an M&E, Qin'an Stock, Company, This Company | Chongqing Qin'an M&E PLC | | Qin'an Casting | Chongqing Qin'an Casting Co., Ltd | | Meifeng Qin'an | Chongqing Meifeng Qin'an Automotive Drive System Co., Ltd | | Changan Ford | Changan Ford Automobile Co., Ltd | | Jiangling Motors | Jiangling Motors Corporation, Ltd | | North American Ford | Ford Motor Company, USA | | Changan, Changan Automobile | Chongqing Changan Automobile Co., Ltd | | Geely | Zhejiang Geely Holding Group | | FAW, FAW Hongqi | China FAW Group Co., Ltd | | Ideal Xinchen | Sichuan Ideal Xinchen Technology Co., Ltd | | ESTA | Early Sourcing Target Agreement | | Moxian Technology | Moxian Technology (Dongguan) Co., Ltd | | CSRC | China Securities Regulatory Commission | Company Profile and Key Financial Indicators [Company Information](index=4&type=section&id=Company%20Information) This section outlines the company's basic registration information, including its Chinese name, abbreviation, English name, abbreviation, and legal representative Company Basic Information | Indicator | Content | | :--- | :--- | | Company Chinese Name | Chongqing Qin'an M&E PLC | | Company Chinese Abbreviation | Qin'an Stock | | Company English Name | Chongqing Qin'an M&E PLC | | Company English Abbreviation | QA | | Company Legal Representative | YUANMING TANG | [Contact Person and Information](index=4&type=section&id=Contact%20Person%20and%20Information) This section provides contact information for the company's Board Secretary and Securities Affairs Representative, including name, address, phone, fax, and email Contact Information | Position | Board Secretary | Securities Affairs Representative | | :--- | :--- | :--- | | Name | Xu Rui | Yang Binruo | | Contact Address | No. 58 Sendi Avenue, Xipeng Industrial Park, Jiulongpo District, Chongqing | No. 58 Sendi Avenue, Xipeng Industrial Park, Jiulongpo District, Chongqing | | Phone | 19923812993 | 19923812993 | | Fax | 023-61381896 | 023-61381896 | | Email | zq@qamemc.com | zq@qamemc.com | [Brief Introduction to Changes in Basic Information](index=4&type=section&id=Brief%20Introduction%20to%20Changes%20in%20Basic%20Information) This section introduces historical changes to the company's registered address and lists the current office address, website, and email - The company's registered address changed from its original address to Room 211, Party-Masses Service Center, Xipeng Park, Building 1, No. 8 Sendi Avenue, Xipeng Town, Jiulongpo District, Chongqing on January 16, 2020[18](index=18&type=chunk) [Brief Introduction to Changes in Information Disclosure and Document Storage Locations](index=5&type=section&id=Brief%20Introduction%20to%20Changes%20in%20Information%20Disclosure%20and%20Document%20Storage%20Locations) This section discloses the company's designated information disclosure newspapers, the website address for publishing semi-annual reports, and the report storage location - The company's selected information disclosure newspapers are "Shanghai Securities News" and "Securities Times", and the website address for publishing semi-annual reports is http://www.sse.com.cn/[19](index=19&type=chunk) [Company Stock Profile](index=5&type=section&id=Company%20Stock%20Profile) This section provides basic information about the company's stock, including the listing exchange, stock abbreviation, and stock code Company Stock Profile | Stock Type | Stock Exchange | Stock Abbreviation | Stock Code | Former Stock Abbreviation | | :--- | :--- | :--- | :--- | :--- | | A-share | Shanghai Stock Exchange | Qin'an Stock | 603758 | None | [Company's Key Accounting Data and Financial Indicators](index=5&type=section&id=Company's%20Key%20Accounting%20Data%20and%20Financial%20Indicators) This section details the company's key accounting data and financial indicators for the current and prior reporting periods, with explanations for significant changes Key Accounting Data for H1 2025 | Key Accounting Data | Current Period (Jan-Jun) (Yuan) | Prior Period (Yuan) | Current Period vs. Prior Period Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 675,374,807.79 | 777,882,900.24 | -13.18 | | Total Profit | 90,931,487.87 | 73,316,129.55 | 24.03 | | Net Profit Attributable to Shareholders of the Listed Company | 80,387,391.48 | 61,849,693.15 | 29.97 | | Net Profit Attributable to Shareholders of the Listed Company After Deducting Non-recurring Gains and Losses | 83,824,862.99 | 98,415,027.85 | -14.83 | | Net Cash Flow from Operating Activities | 114,586,001.35 | 227,715,129.49 | -49.68 | | | End of Current Period (Yuan) | End of Prior Year (Yuan) | End of Current Period vs. End of Prior Year Change (%) | | Net Assets Attributable to Shareholders of the Listed Company | 2,487,988,209.09 | 2,384,111,861.98 | 4.36 | | Total Assets | 2,808,505,938.24 | 2,884,489,843.36 | -2.63 | Key Financial Indicators for H1 2025 | Key Financial Indicators | Current Period (Jan-Jun) | Prior Period | Current Period vs. Prior Period Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (Yuan/share) | 0.19 | 0.14 | 35.71 | | Diluted Earnings Per Share (Yuan/share) | 0.19 | 0.14 | 35.71 | | Basic Earnings Per Share After Deducting Non-recurring Gains and Losses (Yuan/share) | 0.20 | 0.23 | -13.04 | | Weighted Average Return on Net Assets (%) | 3.30 | 2.44 | Increased by 0.86 percentage points | | Weighted Average Return on Net Assets After Deducting Non-recurring Gains and Losses (%) | 3.44 | 3.88 | Decreased by 0.44 percentage points | - Net profit attributable to shareholders of the listed company for the current period increased by **18.54 million Yuan** year-on-year, a **29.97%** increase, primarily due to a **38.26 million Yuan** year-on-year increase in fair value change gains and losses from financial assets held for trading[24](index=24&type=chunk) [Non-recurring Gains and Losses Items and Amounts](index=6&type=section&id=Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) This section details the specific items and amounts of the company's non-recurring gains and losses for the reporting period, totaling **-3.44 million Yuan** Non-recurring Gains and Losses Items and Amounts for H1 2025 | Non-recurring Gains and Losses Item | Amount (Yuan) | | :--- | :--- | | Gains and losses from disposal of non-current assets, including the write-back of impairment provisions | -59,292.31 | | Government grants recognized in current profit or loss, excluding those closely related to the company's normal business operations, compliant with national policies, enjoyed according to fixed standards, and having a continuous impact on the company's profit or loss | 1,318,099.73 | | Gains and losses from changes in fair value of financial assets and financial liabilities, and from disposal of financial assets and financial liabilities, excluding effective hedging activities related to the company's normal business operations | -5,277,395.36 | | Other non-operating income and expenses apart from the above items | -22,525.40 | | Less: Income tax impact | -603,641.83 | | Total | -3,437,471.51 | Management Discussion and Analysis [Explanation of the Company's Industry and Main Business Operations during the Reporting Period](index=7&type=section&id=Explanation%20of%20the%20Company's%20Industry%20and%20Main%20Business%20Operations%20during%20the%20Reporting%20Period) This section elaborates on the company's automotive manufacturing industry status, main business, key products, operating model, and market position, along with an analysis of industry competition [Company's Industry Situation during the Reporting Period](index=7&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E6%89%80%E5%B1%9E%E8%A1%8C%E4%B8%9A%E6%83%85%E5%86%B5) The company operates in the automotive manufacturing industry (C36), with vehicle production and sales growing by 12.5% and 11.4% respectively in H1 2025, and new energy vehicles growing by 41.4% and 40.3%, but the industry faces intensified "price wars" and declining profitability - The company operates in the automotive manufacturing industry (code C36), specifically automotive parts and accessories manufacturing (C3660)[31](index=31&type=chunk) H1 2025 Automotive Production and Sales Data | Indicator | Production/Sales (10,000 units) | Year-on-year growth (%) | | :--- | :--- | :--- | | Automotive Production/Sales | 1562.1 / 1565.3 | 12.5 / 11.4 | | Passenger Vehicle Production/Sales | 1352.2 / 1353.1 | 13.8 / 13 | | New Energy Vehicle Production/Sales | 696.8 / 693.7 | 41.4 / 40.3 | - New energy vehicle sales reached **44.3%** of total new vehicle sales, further solidifying their mainstream market position[32](index=32&type=chunk) - The overall profitability of the automotive industry is declining, with intensified "involutionary" competition, primarily in the form of disorderly "price wars", being a significant factor in the industry's reduced efficiency[32](index=32&type=chunk) [Explanation of the Company's Main Business Operations](index=8&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%89%E5%85%AC%E5%8F%B8%E4%B8%BB%E8%90%A5%E4%B8%9A%E5%8A%A1%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company is a professional supplier of automotive lightweight structural components, specializing in engine core parts, critical transmission parts, and new energy drive system products, operating on an "order-based production" model while actively expanding into new energy and overseas markets - The company primarily engages in the R&D, production, and sales of automotive engine core components (cylinder blocks, cylinder heads, crankshafts), critical transmission components (casings, housings), hybrid transmission casings, extended-range engine cylinder heads and blocks, and pure electric vehicle motor housings[34](index=34&type=chunk) - In 2018, the company established its wholly-owned subsidiary, Meifeng Qin'an, to enter the new energy sector, focusing on the R&D, production, and sales of new energy hybrid drive system products[35](index=35&type=chunk) - The company adopts an "order-based production" model, serving major customers including Changan Ford, Ideal Xinchen, China FAW, Jiangling Motors, North American Ford, Geely Automobile, Changan Automobile, Dongan Power, and BAIC Foton[44](index=44&type=chunk)[50](index=50&type=chunk) H1 2025 Market Share of Fuel Passenger Vehicles | Main Product | Annual Sales Volume (units) | Annual Passenger Vehicle Production (excluding NEV) (units) | H1 2025 Market Share | | :--- | :--- | :--- | :--- | | Cylinder Head | 280,105 | 6,554,000 | 4.27% | | Cylinder Block | 96,835 | 6,554,000 | 1.48% | | Crankshaft | 127,559 | 6,554,000 | 1.95% | | Transmission Casing and Others | 62,784 | 6,554,000 | 0.96% | H1 2025 Market Share of New Energy Plug-in Hybrid Electric Vehicles | Main Product | Annual Sales Volume (units) | Annual New Energy Plug-in Hybrid Electric Vehicle Production (units) | H1 2025 Market Share | | :--- | :--- | :--- | :--- | | Cylinder Head | 193,764 | 2,479,000 | 7.82% | | Cylinder Block | 103,111 | 2,479,000 | 4.16% | | Crankshaft | 39,730 | 2,479,000 | 1.60% | | Transmission Casing and Others | 39,730 | 2,479,000 | 1.60% | [Discussion and Analysis of Operating Performance](index=16&type=section&id=Discussion%20and%20Analysis%20of%20Operating%20Performance) During the reporting period, the company's operating revenue decreased by 13.18% year-on-year, but net profit attributable to the parent company increased by 29.97%, primarily due to fair value changes in financial assets held for trading. The company focused on its core business, expanded into new energy and overseas markets, and pursued M&A and investments in new businesses to create multiple growth curves [Key Operating Performance](index=16&type=section&id=%EF%BC%88%E4%B8%80%EF%BC%89%E4%B8%BB%E8%A6%81%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5) In H1 2025, the company's operating revenue was **675.37 million Yuan**, a year-on-year decrease of 13.18%; net profit attributable to the parent company was **80.39 million Yuan**, a year-on-year increase of 29.97%, mainly influenced by fair value changes in financial assets held for trading. The company maintains a stable financial position with a low asset-liability ratio and ample cash H1 2025 Key Operating Data | Indicator | Jan-Jun 2025 (Ten Thousand Yuan) | Year-on-year Change (%) | | :--- | :--- | :--- | | Operating Revenue | 67,537.48 | -13.18 | | Net Profit Attributable to Parent Company Shareholders | 8,038.74 | 29.97 | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-recurring Gains and Losses | 8,382.49 | -14.83 | - Net profit attributable to shareholders of the listed company increased by **18.54 million Yuan** year-on-year, primarily due to a **38.26 million Yuan** year-on-year increase in fair value change gains and losses from financial assets held for trading[62](index=62&type=chunk) - As of June end 2025, the company's total assets were **2.81 billion Yuan**, total net assets were **2.49 billion Yuan**, and the asset-liability ratio was **11.41%**; the company's monetary funds and financial assets held for trading totaled **1.06 billion Yuan**, with a cash ratio of **339.85%**, indicating ample capital and stable financial indicators[63](index=63&type=chunk) [Key Work in H1 2025](index=16&type=section&id=%EF%BC%88%E4%BA%8C%EF%BC%892025%20%E5%B9%B4%20%E4%B8%8A%E5%8D%8A%E5%B9%B4%E9%87%8D%E7%82%B9%E5%B7%A5%E4%BD%9C%E6%83%85%E5%86%B5) In the first half of the year, the company focused on its core business, stabilized customer order volumes, expanded into overseas markets, and achieved mass production for the North American Ford cylinder block project. Concurrently, cost reduction and efficiency improvements were implemented through the completion of a rooftop photovoltaic project and technological innovation. In the new energy sector, hybrid power drive system R&D progressed steadily. Furthermore, the company entered the high-end vacuum coating field through the acquisition of Yigao Optoelectronics and invested in Moxian Technology to enter the sensor market, creating multiple growth curves - The company secured multiple project orders from customers including Changan Ford, Ideal, Dongan Power, and FAW, successfully supplied North American Ford directly, and completed sample delivery and achieved mass production for the North American Ford cylinder block project[64](index=64&type=chunk) - The company completed a **6MW** distributed photovoltaic project on the parent company's rooftop, which was connected to the grid in June, expected to save **7% to 10%** of the company's electricity costs annually[67](index=67&type=chunk) - Subsidiary Meifeng Qin'an steadily advanced the R&D of hybrid power drive system products, completing the development and manufacturing of dedicated engine, motor, and reducer prototypes, and developing single-motor reducers and electric drive assemblies applicable to pure electric vehicles[68](index=68&type=chunk) - The company initiated the acquisition of **99%** equity of Anhui Yigao Optoelectronic Technology Co., Ltd. by issuing shares and paying cash, strategically entering the high-end vacuum coating field, which is expected to open new performance growth points[70](index=70&type=chunk) - The company officially entered the sensor market by investing in Moxian Technology, which specializes in flexible tactile sensors with broad applications in consumer electronics, automotive, robotics, and medical fields[71](index=71&type=chunk) [Significant Changes in Company's Operating Performance and Material Impact Events during the Reporting Period](index=18&type=section&id=%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%85%AC%E5%8F%B8%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E7%9A%84%E9%87%8D%E5%A4%A7%E5%8F%98%E5%8C%96%EF%BC%8C%E4%BB%A5%E5%8F%8A%E6%8A%A5%E5%91%8A%E6%9C%9F%E5%86%85%E5%8F%91%E7%94%9F%E7%9A%84%E5%AF%B9%E5%85%AC%E5%8F%B8%E7%BB%8F%E8%90%A5%E6%83%85%E5%86%B5%E6%9C%89%E9%87%8D%E5%A4%A7%E5%BD%B1%E5%93%8D%E5%92%8C%E9%A2%84%E8%AE%A1%E6%9C%AA%E6%9D%A5%E4%BC%9A%E6%9C%89%E9%87%8D%E5%A4%A7%E5%BD%B1%E5%93%8D%E7%9A%84%E4%BA%8B%E9%A1%B9) The company plans to acquire **99%** equity of Anhui Yigao Optoelectronic Technology Co., Ltd. by issuing shares and paying cash, and raise supporting funds; this transaction is still in progress and is expected to have a significant impact on the company's future operations - The company plans to acquire **99%** equity of Anhui Yigao Optoelectronic Technology Co., Ltd. by issuing shares and paying cash, and raise supporting funds; this transaction requires approval from the company's board of directors and shareholders' meeting, and formal implementation after approval by competent regulatory authorities[72](index=72&type=chunk)[73](index=73&type=chunk) [Analysis of Core Competencies during the Reporting Period](index=19&type=section&id=Analysis%20of%20Core%20Competencies%20during%20the%20Reporting%20Period) The company's core competencies include advantages in process technology and equipment, integrated R&D and production capabilities for casting and machining, product development, R&D and testing capabilities, quality management systems, excellent cost control, and advantages in scale and product diversity - The company possesses full-process highly automated equipment and matching process technology capabilities, including low-pressure, gravity, and high-pressure casting technologies, as well as advanced machining technologies for engine core 3C parts and critical transmission and motor housing components[74](index=74&type=chunk) - The company has integrated R&D and production capabilities for casting and machining, covering the entire process from raw material and auxiliary material preparation to casting, rough machining, and fine machining, ensuring stable product quality, short logistics, and high production efficiency[78](index=78&type=chunk) - The company boasts an experienced technical team capable of supporting diverse product development, and has established a comprehensive product development system and historical experience database for casting and machining, earning multiple "Excellent Innovation Award" and "Best Development Award" from customers[79](index=79&type=chunk) - The company has a professional technical team for hybrid electric drive system assembly R&D and has built over ten large-scale testing facilities, including vehicle dynamometers, powertrain, triple motor, engine, motor, and vibration environment test benches[80](index=80&type=chunk) - The company strictly adheres to IATF16949 requirements for its quality management system, demonstrating stable quality performance in mass production of core products, achieving **0 PPM** for **24 consecutive months** for fine-machined engine parts supplied to Changan Ford[85](index=85&type=chunk) - The company has developed a mature capability for large-scale production line construction and integrated wiring, enabling the configuration of complete production lines at the procurement cost of individual equipment, significantly reducing equipment procurement costs, and possesses alloy preparation capabilities and a sound cost management system[86](index=86&type=chunk) - The company holds a competitive advantage in production and sales scale and OEM market share among engine core component manufacturers, with product diversity covering fuel engine core components and new energy drive system products, effectively mitigating single-product market risks[88](index=88&type=chunk) [Key Operating Performance during the Reporting Period](index=22&type=section&id=Key%20Operating%20Performance%20during%20the%20Reporting%20Period) This section analyzes the reasons for changes in key financial statement items, including decreased operating revenue, increased total profit and net profit, and decreased net cash flow from operating activities, along with detailed disclosures of asset and liability status and major asset restrictions [Analysis Table of Changes in Financial Statement Items](index=22&type=section&id=1、%20财务报表相关科目变动分析表) During the reporting period, the company's operating revenue decreased by 13.18% year-on-year, operating costs decreased by 10.48%, sales, administrative, and R&D expenses all decreased, and financial expense interest income decreased. Net cash flow from operating activities significantly decreased by 49.68%, net cash flow from investing activities decreased by 79.79%, and net cash flow from financing activities decreased by 43.24% Analysis of Changes in Financial Statement Items | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 675,374,807.79 | 777,882,900.24 | -13.18 | | Operating Cost | 527,791,617.98 | 589,576,602.80 | -10.48 | | Selling Expenses | 5,802,181.66 | 8,133,098.31 | -28.66 | | Administrative Expenses | 40,182,190.06 | 48,282,999.37 | -16.78 | | Financial Expenses | -7,305,953.67 | -8,569,584.97 | 14.75 | | R&D Expenses | 14,614,989.16 | 15,567,305.01 | -6.12 | | Net Cash Flow from Operating Activities | 114,586,001.35 | 227,715,129.49 | -49.68 | | Net Cash Flow from Investing Activities | -61,288,712.14 | -34,088,715.07 | -79.79 | | Net Cash Flow from Financing Activities | -143,040,387.18 | -251,995,835.49 | 43.24 | - The decrease in operating revenue was primarily due to intensified industry competition, leading to lower product prices, and reduced customer order demand and product deliveries[90](index=90&type=chunk) - The change in net cash flow from operating activities was mainly due to a year-on-year decrease in receivables at the end of the prior year, resulting in reduced collection of goods payments in the current period[90](index=90&type=chunk) - The change in net cash flow from investing activities was primarily due to increased payments for equity investments and long-term asset investments[92](index=92&type=chunk) [Analysis of Assets and Liabilities](index=23&type=section&id=%EF%BC%88%E4%B8%89%EF%BC%89%E8%B5%84%E4%BA%A7%E3%80%81%E8%B4%9F%E5%80%BA%E6%83%85%E5%86%B5%E5%88%86%E6%9E%90) At the end of the reporting period, the company's total assets and monetary funds decreased, but accounts receivable financing significantly increased by 653.11%. Regarding liabilities, short-term borrowings and derivative financial liabilities were zeroed out, and other payables significantly decreased by 93.65%, mainly due to the payment of cash dividends. The company's overseas assets accounted for 0.50% of total assets, and bills receivable of **2,253,456.09 Yuan** were restricted at period-end Changes in Assets and Liabilities | Item Name | End of Current Period (Yuan) | End of Prior Year (Yuan) | Change (%) | Explanation | | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 985,860,381.34 | 1,082,660,246.99 | -8.94 | | | Bills Receivable | 11,053,114.19 | 19,466,416.96 | -43.22 | Decrease in bills receivable from lower-credit banks at period-end | | Accounts Receivable Financing | 77,553,909.84 | 10,297,763.24 | 653.11 | Increase in bills receivable from higher-credit banks at period-end | | Other Equity Instrument Investments | 15,517,241.00 | | | Increase in equity instrument investments in current period | | Other Non-current Assets | 10,564,269.39 | 4,169,564.40 | 153.37 | Increase in prepaid equipment costs | | Short-term Borrowings | | 14,710,000.00 | -100.00 | Decrease in non-derecognizable bills receivable | | Derivative Financial Liabilities | | 532,100.00 | -100.00 | Decrease in cash flow hedging reserve | | Other Payables | 8,675,262.37 | 136,654,683.62 | -93.65 | Payment of cash dividends in current period | | Deferred Tax Liabilities | 6,371,968.29 | 16,336,801.02 | -61.00 | Decrease in taxable temporary differences | - The company's overseas assets amounted to **14,145,873.86 Yuan**, accounting for **0.50%** of total assets[95](index=95&type=chunk) - At period-end, bills receivable of **2,253,456.09 Yuan** were restricted because they were endorsed or discounted but had not yet matured on the balance sheet date and were not derecognized[97](index=97&type=chunk) [Analysis of Investment Status](index=25&type=section&id=%EF%BC%88%E5%9B%9B%EF%BC%89%E6%8A%95%E8%B5%84%E7%8A%B6%E5%86%B5%E5%88%86%E6%9E%90) The company engages in stock financial investments in the secondary market to improve capital utilization efficiency, with financial assets held for trading having a book value of **74,566,073.10 Yuan** at period-end and a fair value change of **-55,797,923.24 Yuan**. Additionally, the company subscribed for a **5%** equity stake in Moxian Technology, designated as other equity instrument investment, with a book value of **15,517,241.00 Yuan** - As of June 30, 2025, the company's financial assets held for trading had a book value of **74,566,073.10 Yuan**, including an investment cost of **130,363,996.34 Yuan** and a fair value change of **-55,797,923.24 Yuan**[98](index=98&type=chunk)[100](index=100&type=chunk) - On June 18, 2025, the company signed an agreement with Moxian Technology to subscribe for a **5%** equity stake, designated as other equity instrument investment, with a book value of **15,517,241.00 Yuan** as of June 30, 2025[98](index=98&type=chunk) Securities Investment Status | Security Type | Security Code | Security Abbreviation | Initial Investment Cost (Yuan) | End of Period Book Value (Yuan) | Fair Value Change Gain/Loss for Current Period (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | | Stock | 002129 | TCL Zhonghuan | 52,059,081.81 | 28,165,248.00 | -4,364,146.50 | | Stock | 601012 | Longi Green Energy | 75,776,179.96 | 44,957,864.00 | -2,065,308.00 | | Stock | 835368 | Liancheng CNC | 2,528,734.57 | 1,442,961.10 | -35,734.30 | | Total | / | / | 130,363,996.34 | 74,566,073.10 | -6,465,188.80 | [Analysis of Major Holding and Participating Companies](index=27&type=section&id=%EF%BC%88%E5%85%AD%EF%BC%89%E4%B8%BB%E8%A6%81%E6%8E%A7%E8%82%A1%E5%8F%82%E8%82%A1%E5%85%AC%E5%8F%B8%E5%88%86%E6%9E%90) The company's main subsidiaries include Chongqing Qin'an Casting Co., Ltd. and Chongqing Meifeng Qin'an Automotive Drive System Co., Ltd. Qin'an Casting achieved operating revenue of **412 million Yuan** and net profit of **14.8045 million Yuan** in H1; Meifeng Qin'an had operating revenue of **33,500 Yuan** and a net loss of **420,000 Yuan** Key Subsidiary Financial Data (H1 2025) | Company Name | Company Type | Registered Capital (Ten Thousand Yuan) | Total Assets (Ten Thousand Yuan) | Net Assets (Ten Thousand Yuan) | Operating Revenue (Ten Thousand Yuan) | Operating Profit (Ten Thousand Yuan) | Net Profit (Ten Thousand Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Chongqing Qin'an Casting Co., Ltd | Subsidiary | 12,000.00 | 78,434.59 | 72,206.04 | 41,192.46 | 1,697.17 | 1,480.45 | | Chongqing Meifeng Qin'an Automotive Drive System Co., Ltd | Subsidiary | 2,000.00 | 901.91 | 849.04 | 3.35 | -42.00 | -42.00 | [Other Disclosure Matters](index=28&type=section&id=Other%20Disclosure%20Matters) The company faces risks from macroeconomic fluctuations, industry policy adjustments, challenges in new energy expansion, customer concentration, product price declines, raw material price volatility, and investments in new businesses through M&A - The company's main products are used in the automotive market, facing risks from macroeconomic fluctuations and market changes, which may have a significant adverse impact on its operating prosperity and performance[103](index=103&type=chunk) - If the macroeconomy overheats or environmental pollution intensifies, policies encouraging automotive production and consumption may be adjusted, or even policies to curb overcapacity may be introduced, thereby posing industry policy risks to the company's operations[104](index=104&type=chunk) - The company's involvement in the new energy sector will face new challenges and market competition, as its drive system products are currently in the early R&D and testing phase, potentially facing technical risks and unfavorable market development risks[105](index=105&type=chunk) - The company faces risks of customer concentration; if its core customers experience large-scale order transfers or significant adverse changes in their operating conditions in the future, it will directly affect the company's production and operations, thereby adversely impacting its sustained profitability[107](index=107&type=chunk) - With the continuous increase in product models and intensifying market competition, the company's products will face price reduction pressure; if product prices significantly decrease in the future, it will have a major adverse impact on the company's profitability[108](index=108&type=chunk) - The main raw materials required for the company's products include aluminum ingots, carbon steel (compacted blocks), etc., and their price fluctuations will directly affect the company's production costs, thus the company faces operating risks from raw material price fluctuations[109](index=109&type=chunk) - The company's plan to invest in and acquire new businesses involves various risks, such as inaccurate valuation of target companies, inability to effectively integrate corporate cultures and management models after acquisition, loss of key talent, and uncertainties in new business market demand[110](index=110&type=chunk) Corporate Governance, Environment, and Society [Profit Distribution or Capital Reserve Conversion Plan](index=30&type=section&id=Profit%20Distribution%20or%20Capital%20Reserve%20Conversion%20Plan) The company's board of directors resolved not to distribute profits or convert capital reserves into share capital for this reporting period - No profit distribution or capital reserve conversion into share capital will be conducted for this reporting period[6](index=6&type=chunk)[112](index=112&type=chunk) [Status and Impact of Company's Equity Incentive Plans, Employee Stock Ownership Plans, or Other Employee Incentive Measures](index=30&type=section&id=Status%20and%20Impact%20of%20Company's%20Equity%20Incentive%20Plans,%20Employee%20Stock%20Ownership%20Plans,%20or%20Other%20Employee%20Incentive%20Measures) The first tranche of the company's 2023 employee stock ownership plan completed its initial lock-up period on September 8, 2024, with **4.854 million shares** unlocked, of which **2.934 million shares** have been transferred to individual securities accounts. The reserved portion completed non-trading transfer on November 1, 2024. The second lock-up period will expire on September 8, 2025, with **4.905 million shares** eligible for unlocking - The first tranche of **16,350,000** A-shares of the company's 2023 employee stock ownership plan was transferred from the company's repurchase special securities account to the employee stock ownership plan securities account via non-trading transfer on September 8, 2023, at a price of **4.41 Yuan/share**[114](index=114&type=chunk) - The first lock-up period for the initial tranche of the 2023 employee stock ownership plan expired on September 8, 2024, with **4.854 million shares** unlocked, of which **2.934 million shares** were transferred to individual securities accounts via non-trading transfer on September 27, 2024[115](index=115&type=chunk)[116](index=116&type=chunk) - The reserved portion of **730,274** A-shares of the company's 2023 employee stock ownership plan was transferred from the company's repurchase special securities account to the 2023 employee stock ownership plan securities account via non-trading transfer on November 1, 2024[117](index=117&type=chunk) - The second lock-up period for the initial tranche of the company's 2023 employee stock ownership plan will expire on September 8, 2025, with **4.905 million shares** eligible for unlocking, accounting for **1.12%** of the company's current total share capital[118](index=118&type=chunk) [Environmental Information of Listed Companies and Their Major Subsidiaries Included in the List of Enterprises Required to Disclose Environmental Information by Law](index=32&type=section&id=Environmental%20Information%20of%20Listed%20Companies%20and%20Their%20Major%20Subsidiaries%20Included%20in%20the%20List%20of%20Enterprises%20Required%20to%20Disclose%20Environmental%20Information%20by%20Law) The company and its subsidiary, Chongqing Qin'an Casting Co., Ltd., have been included in the list of enterprises required to disclose environmental information by law. Chongqing Qin'an Casting Co., Ltd.'s environmental information disclosure report can be found on the Enterprise Environmental Information Disclosure System Status of Inclusion in the List of Enterprises Required to Disclose Environmental Information by Law | No. | Enterprise Name | Query Index for Environmental Information Disclosure Report | | :--- | :--- | :--- | | 1 | Chongqing Qin'an Casting Co., Ltd | http://cqtpf.cqree.cn:10001/eps/index/enterprise search | | 2 | Chongqing Qin'an M&E PLC | Not applicable (Chongqing Qin'an M&E PLC's Jiangjin factory will be included in the list of enterprises required to disclose environmental information by law in 2025, with its environmental information disclosure report submission due in early 2026, not yet reaching the statutory disclosure time) | Significant Matters [Fulfillment of Commitments](index=33&type=section&id=Fulfillment%20of%20Commitments) The company and relevant parties have made commitments regarding major asset restructuring, resolution of horizontal competition, and other matters, all of which have been timely and strictly fulfilled. Commitments related to major asset restructuring will become effective upon approval by the competent regulatory authorities - The company, its directors, supervisors, senior management, controlling shareholder, actual controller, transaction counterparties, and target company have timely and strictly fulfilled commitments related to major asset restructuring, with some commitments becoming effective after approval, sanction, or registration by competent regulatory authorities for this transaction[122](index=122&type=chunk)[123](index=123&type=chunk) - Controlling shareholder and actual controller YUANMING TANG committed not to directly or indirectly engage in or participate in any business or activity that is the same, similar, or commercially competitive with the company and its subsidiaries; this commitment is long-term effective and has been timely and strictly fulfilled[122](index=122&type=chunk) - Shareholder Tang Yadong committed not to reduce his holding of **5,000 shares** acquired during the window period on March 13, 2020, within eighteen months, and to voluntarily return any gains from sales after eighteen months to the listed company, also committing to diligently study relevant laws and regulations and strictly comply with them to prevent similar incidents; this commitment has been fulfilled[124](index=124&type=chunk) [Significant Related Party Transactions](index=35&type=section&id=Significant%20Related%20Party%20Transactions) The company is planning to acquire **99%** equity of Anhui Yigao Optoelectronic Technology Co., Ltd. by issuing shares and paying cash, and raise supporting funds; this transaction is expected to constitute a related party transaction, with due diligence, audit, and appraisal work currently in progress - The company is planning to acquire **99%** equity of Anhui Yigao Optoelectronic Technology Co., Ltd. by issuing shares and paying cash, and raise supporting funds, which is expected to constitute a related party transaction but not a major asset restructuring as defined by the "Measures for the Administration of Major Asset Restructuring of Listed Companies"[126](index=126&type=chunk) - As of the disclosure date of this report, due diligence, audit, and appraisal work related to this transaction are continuously and orderly progressing[127](index=127&type=chunk) [Major Contracts and Their Fulfillment](index=37&type=section&id=Major%20Contracts%20and%20Their%20Fulfillment) During the reporting period, the company provided a comprehensive credit guarantee of **60 million Yuan** to its subsidiary, Chongqing Meifeng Qin'an Automotive Drive System Co., Ltd., accounting for **2.41%** of the company's net assets Company Guarantee Total Amount | Indicator | Amount (Yuan) | | :--- | :--- | | Total Guarantees to Subsidiaries in Current Period | 60,000,000 | | Total Guarantees to Subsidiaries at End of Current Period (B) | 60,000,000 | | Total Guarantees (A+B) | 60,000,000 | | Total Guarantees as % of Company's Net Assets | 2.41 | - The company signed an agreement with Everbright Bank in January 2023 to provide a comprehensive credit guarantee of **60 million Yuan** to its wholly-owned subsidiary Meifeng Qin'an for a term of three years[131](index=131&type=chunk) Share Changes and Shareholder Information [Changes in Share Capital](index=39&type=section&id=Changes%20in%20Share%20Capital) During the reporting period, there were no changes in the company's total share capital or share structure - During the reporting period, there were no changes in the company's total share capital or share structure[133](index=133&type=chunk) [Shareholder Information](index=39&type=section&id=Shareholder%20Information) As of the end of the reporting period, the total number of common shareholders was **13,210**. Among the top ten shareholders, YUANMING TANG held **64.76%**, serving as the controlling shareholder. The company's 2023 employee stock ownership plan held **12,175,310 shares**, accounting for **2.77%** of the total share capital - As of the end of the reporting period, the total number of common shareholders was **13,210**[134](index=134&type=chunk) Top Ten Shareholders' Holdings | Shareholder Name | Shares Held at Period End (shares) | Percentage (%) | Shareholder Type | | :--- | :--- | :--- | :--- | | YUANMING TANG | 284,153,069 | 64.76 | Overseas Natural Person | | Chongqing Qin'an M&E PLC - 2023 Employee Stock Ownership Plan | 12,175,310 | 2.77 | Other | | Lin Zhijun | 3,827,300 | 0.87 | Domestic Natural Person | | Shao Yixing | 2,786,909 | 0.64 | Domestic Natural Person | | Zhang Huaming | 2,450,000 | 0.56 | Domestic Natural Person | | Song Zeyang | 1,971,100 | 0.45 | Domestic Natural Person | | Zhou Bin | 1,760,000 | 0.40 | Domestic Natural Person | | Tang Zichang | 1,740,000 | 0.40 | Domestic Natural Person | | Industrial and Commercial Bank of China Co., Ltd. - Noah Flexible Allocation Mixed Securities Investment Fund | 1,681,500 | 0.38 | Other | | Yantai Zhaojin Private Equity Fund Management Co., Ltd. - Zhaojin FOF Selection No. 1 Private Securities Investment Fund | 1,365,500 | 0.31 | Other | - Chongqing Qin'an M&E PLC's repurchase special securities account held **11,182,900 shares**, accounting for **2.55%** of the company's total share capital[137](index=137&type=chunk) Bond-Related Information [Corporate Bonds (Including Enterprise Bonds) and Non-Financial Enterprise Debt Financing Instruments](index=42&type=section&id=Corporate%20Bonds%20(Including%20Enterprise%20Bonds)%20and%20Non-Financial%20Enterprise%20Debt%20Financing%20Instruments) During the reporting period, the company had no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments - During the reporting period, the company had no corporate bonds (including enterprise bonds) or non-financial enterprise debt financing instruments[140](index=140&type=chunk) [Convertible Corporate Bonds](index=42&type=section&id=Convertible%20Corporate%20Bonds) During the reporting period, the company had no convertible corporate bonds - During the reporting period, the company had no convertible corporate bonds[140](index=140&type=chunk) Financial Report [Audit Report](index=43&type=section&id=Audit%20Report) This semi-annual report has not been audited - This semi-annual report has not been audited[5](index=5&type=chunk)[142](index=142&type=chunk) [Financial Statements](index=43&type=section&id=Financial%20Statements) This section provides the company's consolidated and parent company balance sheets, income statements, cash flow statements, and statements of changes in owners' equity for H1 2025, comprehensively reflecting the financial position and operating results at the end of the reporting period - This section includes the consolidated balance sheet, consolidated income statement, consolidated cash flow statement, consolidated statement of changes in owners' equity, parent company balance sheet, parent company income statement, parent company cash flow statement, and parent company statement of changes in owners' equity[142](index=142&type=chunk)[145](index=145&type=chunk)[148](index=148&type=chunk)[152](index=152&type=chunk)[155](index=155&type=chunk)[158](index=158&type=chunk)[161](index=161&type=chunk)[168](index=168&type=chunk) [Company Basic Information](index=63&type=section&id=Company%20Basic%20Information) Chongqing Qin'an M&E PLC. was established in 1995, restructured into a joint-stock company in 2011, listed on the Shanghai Stock Exchange in 2017, primarily engages in automotive parts manufacturing, and has a registered capital of **438,797,049.00 Yuan** - Chongqing Qin'an M&E PLC. was formerly Chongqing Qin'an M&E Manufacturing Co., Ltd., an foreign-invested enterprise established on August 24, 1995, with approval from the Chongqing Jiulongpo District Foreign Economic and Trade Commission[173](index=173&type=chunk) - The company was restructured into a joint-stock company in September 2011 and listed on the Shanghai Stock Exchange on May 17, 2017[173](index=173&type=chunk) - The company's registered capital is **438,797,049.00 Yuan**, with a total of **438,797,049 shares**[173](index=173&type=chunk) - The company belongs to the automotive parts manufacturing industry, with its main business activities being the design, development, manufacturing, and sales of automotive engine core components and critical automotive transmission components[174](index=174&type=chunk) [Basis of Financial Statement Preparation](index=63&type=section&id=Basis%20of%20Financial%20Statement%20Preparation) The company's financial statements are prepared on a going concern basis, with no significant doubts about its ability to continue as a going concern for the 12 months from the end of the reporting period - The company's financial statements are prepared on a going concern basis[176](index=176&type=chunk) - There are no matters or circumstances that cause significant doubt about the company's ability to continue as a going concern for the 12 months from the end of the reporting period[177](index=177&type=chunk) [Significant Accounting Policies and Estimates](index=63&type=section&id=Significant%20Accounting%20Policies%20and%20Estimates) This section details the company's statement of compliance with accounting standards, accounting period, operating cycle, functional currency, materiality criteria, business combinations, consolidated financial statement preparation, joint arrangements, cash and cash equivalents, foreign currency transactions, financial instruments, bills receivable, accounts receivable, accounts receivable financing, other receivables, inventories, contract assets, assets held for sale, long-term equity investments, fixed assets, construction in progress, borrowing costs, intangible assets, impairment of long-term assets, long-term prepaid expenses, contract liabilities, employee compensation, provisions, share-based payments, revenue, contract costs, government grants, deferred tax assets/liabilities, leases, and other significant accounting policies and estimates - The financial statements prepared by the company comply with the requirements of enterprise accounting standards and truly and completely reflect the company's financial position, operating results, changes in shareholders' equity, and cash flows[179](index=179&type=chunk) - The company's accounting year runs from January 1 to December 31 of the Gregorian calendar, and its operating cycle is short, with **12 months** used as the liquidity classification standard for assets and liabilities[180](index=180&type=chunk)[181](index=181&type=chunk) - The company identifies individual accounts receivable, other receivables, prepayments, construction in progress, accounts payable, other payables, contract liabilities, and provisions exceeding **0.3%** of total assets as material items[183](index=183&type=chunk) - Financial assets are initially classified into financial assets measured at amortized cost, financial assets measured at fair value through other comprehensive income, and financial assets measured at fair value through profit or loss[192](index=192&type=chunk) - The company performs impairment testing and recognizes loss provisions for financial assets measured at amortized cost, debt instrument investments measured at fair value through other comprehensive income, contract assets, lease receivables, loan commitments, and financial guarantee contracts based on expected credit losses[208](index=208&type=chunk) - Inventories include finished goods or merchandise held for sale in ordinary activities, work in progress, and materials and supplies consumed in the production process or in the rendering of services; inventories issued are accounted for using the weighted average method at month-end, and the inventory system is perpetual inventory[228](index=228&type=chunk) Fixed Asset Depreciation Methods | Category | Depreciation Method | Depreciation Period (years) | Salvage Rate | Annual Depreciation Rate | | :--- | :--- | :--- | :--- | :--- | | Buildings and Structures | Straight-line method | 20 | 0-10 | 4.50-5.00 | | Machinery and Equipment | Straight-line method | 5-10 | 0-10 | 9.00-20.00 | | Transportation Equipment | Straight-line method | 4-5 | 5-10 | 18.00-23.75 | | Office Equipment | Straight-line method | 3-5 | 0-10 | 18.00-33.33 | - Intangible assets include land use rights and software; land use rights are amortized over the **50-year** term of property registration, and software is amortized over its expected useful life of **5-10 years**[261](index=261&type=chunk) - Expenditures in the development phase of internal research and development projects are recognized as intangible assets when they simultaneously meet conditions such as technical feasibility, intention to complete, manner of generating economic benefits, availability of sufficient resources, and reliable measurement of expenditures[267](index=267&type=chunk) - Revenue recognition principle: at the contract inception date, the company assesses the contract to identify each distinct performance obligation and determines whether each distinct performance obligation is satisfied over time or at a point in time, recognizing revenue when the customer obtains control of the related goods or services[286](index=286&type=chunk)[287](index=287&type=chunk) - The company applies hedge accounting for qualifying hedges (including fair value hedges, cash flow hedges, and hedges of a net investment in a foreign operation)[307](index=307&type=chunk) [Taxation](index=92&type=section&id=Taxation) This section lists the company's main tax categories and rates, including VAT, urban maintenance and construction tax, corporate income tax, property tax, education surcharge, local education surcharge, and land use tax. The company and its subsidiaries benefit from Western Development corporate income tax incentives, high-tech enterprise corporate income tax incentives, advanced manufacturing enterprise VAT additional deduction policies, and small and micro-profit enterprise corporate income tax incentives Main Tax Categories and Rates | Tax Type | Tax Basis | Tax Rate | | :--- | :--- | :--- | | Value-Added Tax | Based on sales of goods and taxable services calculated according to tax laws, the output tax is calculated, and after deducting the input tax allowed for the current period, the difference is the VAT payable | 13% | | Urban Maintenance and Construction Tax | Actual amount of turnover tax paid | 7% | | Corporate Income Tax | Taxable income | 15%, 20% | | Property Tax | For value-based assessment, 1.2% of the remaining value after a one-time deduction of 30% from the original value of the property; for rent-based assessment, 12% of rental income | 1.2% | | Education Surcharge | Actual amount of turnover tax paid | 3% | | Local Education Surcharge | Actual amount of turnover tax paid | 2% | | Land Use Tax | Taxable area | 8.00 Yuan/㎡, 10.00 Yuan/㎡ | - The company and its subsidiary Chongqing Qin'an Casting Co., Ltd. enjoy Western Development corporate income tax incentives, with corporate income tax levied at a reduced rate of **15%** from January 1, 2021, to December 31, 2030[314](index=314&type=chunk) - The company was recognized as a state-supported high-tech enterprise on October 28, 2024, and is subject to corporate income tax at a reduced rate of **15%**[315](index=315&type=chunk) - As an advanced manufacturing enterprise, the company is allowed to deduct an additional **5%** of the current period's deductible input VAT from its VAT payable from January 1, 2023, to December 31, 2027[315](index=315&type=chunk) - Subsidiary Chongqing Meifeng Qin'an Automotive Drive System Co., Ltd. enjoys small and micro-profit enterprise corporate income tax incentives for 2025, paying corporate income tax at a rate of **20%**[316](index=316&type=chunk) [Notes to Consolidated Financial Statement Items](index=93&type=section&id=Notes%20to%20Consolidated%20Financial%20Statement%20Items) This section provides detailed disclosures for each item in the consolidated financial statements, including monetary funds, financial assets held for trading, bills receivable, accounts receivable, accounts receivable financing, prepayments, other receivables, inventories, other current assets, other equity instrument investments, fixed assets, construction in progress, intangible assets, long-term prepaid expenses, deferred tax assets/liabilities, other non-current assets, assets restricted by ownership or use rights, short-term borrowings, derivative financial liabilities, notes payable, accounts payable, contract liabilities, employee compensation payable, taxes payable, other payables, other current liabilities, provisions, deferred income, share capital, capital reserves, treasury stock, other comprehensive income, specific reserves, surplus reserves, undistributed profits, operating revenue and costs, taxes and surcharges, selling expenses, administrative expenses, R&D expenses, financial expenses, other income, investment income, fair value change gains, credit impairment losses, asset impairment losses, asset disposal gains, non-operating income, non-operating expenses, income tax expense, other comprehensive income, cash flow statement items, supplementary cash flow information, notes to statement of changes in owners' equity, foreign currency monetary items, leases, and data resources Monetary Funds | Item | End of Period Balance (Yuan) | Beginning of Period Balance (Yuan) | | :--- | :--- | :--- | | Cash on Hand | 33,551.40 | 5,605.55 | | Bank Deposits | 962,920,146.71 | 957,519,509.51 | | Other Monetary Funds | 15,297,002.67 | 118,429,618.04 | | Interest on Notice Deposits and Large-Denomination Certificates of Deposit | 7,609,680.56 | 6,705,513.89 | | Total | 985,860,381.34 | 1,082,660,246.99 | | Of which: Total Funds Deposited Overseas | 9,180,816.66 | 2,781,013.18 | Financial Assets Held for Trading | Item | End of Period Balance (Yuan) | Beginning of Period Balance (Yuan) | | :--- | :--- | :--- | | Financial Assets Measured at Fair Value Through Profit or Loss | 74,566,073.10 | 81,031,261.90 | | Of which: Equity Investments | 74,566,073.10 | 81,031,261.90 | | Total | 74,566,073.10 | 81,031,261.90 | Bills Receivable Classified | Item | End of Period Balance (Yuan) | Beginning of Period Balance (Yuan) | | :--- | :--- | :--- | | Bank Acceptance Bills | 11,053,114.19 | 19,466,416.96 | | Total | 11,053,114.19 | 19,466,416.96 | Bills Receivable Endorsed or Discounted and Not Yet Due at Period-End | Item | Amount Not Derecognized at Period-End (Yuan) | | :--- | :--- | | Bank Acceptance Bills | 2,253,456.09 | | Total | 2,253,456.09 | Accounts Receivable Aging Disclosure | Aging | End of Period Book Balance (Yuan) | Beginning of Period Book Balance (Yuan) | | :--- | :--- | :--- | | Within 1 year (inclusive) | 290,212,097.92 | 339,675,204.35 | | Within 3 months | 289,411,513.41 | 336,172,960.74 | | 3 months to 1 year | 800,584.51 | 3,502,243.61 | | 1 to 2 years | 15,522.79 | 133,606.72 | | 2 to 3 years | 4,200.00 | 409,713.79 | | 3 to 4 years | 409,713.79 | | | Total | 290,641,534.50 | 340,218,524.86 | Accounts Receivable Financing Classified | Item | End of Period Balance (Yuan) | Beginning of Period Balance (Yuan) | | :--- | :--- | :--- | | Bank Acceptance Bills | 77,553,909.84 | 10,297,763.24 | | Total | 77,553,909.84 | 10,297,763.24 | Accounts Receivable Financing Endorsed or Discounted and Derecognized at Period-End | Item | Amount Derecognized at Period-End (Yuan) | | :--- | :--- | | Bank Acceptance Bills | 20,457,954.68 | | Total | 20,457,954.68 | Inventory Classification | Item | End of Period Book Value (Yuan) | Beginning of Period Book Value (Yuan) | | :--- | :--- | :--- | | Raw Materials | 16,232,792.70 | 15,452,911.21 | | Work in Progress | 45,136,588.71 | 24,235,271.67 | | Finished Goods | 131,763,583.85 | 119,292,274.56 | | Revolving Materials | 66,763,479.56 | 64,906,430.73 | | Consigned Processing Materials | 942,071.82 | 846,633.35 | | Total | 260,838,516.64 | 224,733,521.52 | Fixed Asset Status | Item | End of Period Book Value (Yuan) | Beginning of Period Book Value (Yuan) | | :--- | :--- | :--- | | Fixed Assets | 791,666,767.39 | 821,469,091.10 | | Total | 791,666,767.39 | 821,469,091.10 | Construction in Progress Status | Item | End of Period Balance (Yuan) | Beginning of Period Balance (Yuan) | | :--- | :--- | :--- | | Construction in Progress | 32,253,895.67 | 43,776,947.62 | | Total | 32,253,895.67 | 43,776,947.62 | Intangible Asset Status | Item | End of Period Book Value (Yuan) | Beginning of Period Book Value (Yuan) | | :--- | :--- | :--- | | Land Use Rights | 120,037,702.72 | 121,434,849.40 | | Software | 3,275,462.08 | 3,404,450.27 | | Total | 123,313,164.80 | 124,839,299.67 | Long-term Prepaid Expenses Status | Item | Beginning of Period Balance (Yuan) | Amount Increased in Current Period (Yuan) | Amount Amortized in Current Period (Yuan) | End of Period Balance (Yuan) | | :--- | :--- | :--- | :--- | :--- | | Tools, Molds | 29,927,905.43 | 5,068,231.66 | 10,105,480.20 | 24,870,711.14 | | Revolving Materials | 7,000,395.84 | 2,180,713.71 | 2,521,942.95 | 6,659,166.60 | | Decoration Expenses | 167,671.75 | | 21,739.74 | 145,932.01 | | Total | 37,095,973.02 | 7,248,945.37 | 12,649,162.89 | 31,675,809.75 | Net Deferred Tax Assets and Liabilities | Item | Deferred Tax Assets or Liabilities Balance After Offset (Yuan) | | :--- | :--- | | Deferred Tax Assets | 14,231,831.39 | | Deferred Tax Liabilities | 6,371,968.29 | Short-term Borrowing Classification | Item | End of Period Balance (Yuan) | Beginning of Period Balance (Yuan) | | :--- | :--- | :--- | | Credit Borrowings | | 14,710,000.00 | | Total | | 14,710,000.00 | Derivative Financial Liabilities | Item | End of Period Balance (Yuan) | Beginning of Period Balance (Yuan) | | :--- | :--- | :--- | | Cash Flow Hedging Reserve | | 532,100.00 | | Total | | 532,100.00 | Notes Payable Classification | Type | End of Period Balance (Yuan) | Beginning of Period Balance (Yuan) | | :--- | :--- | :--- | | Bank Acceptance Bills | 127,786,785.94 | 133,168,035.03 | | Total | 127,786,785.94 | 133,168,035.03 | Accounts Payable Listing | Item | End of Period Balance (Yuan) | Beginning of Period Balance (Yuan) | | :--- | :--- | :--- | | Goods Payable | 92,546,152.87 | 94,164,774.85 | | Equipment Payable | 46,029,253.65 | 55,752,857.06 | | Total | 138,575,406.52 | 149,917,631.91 | Contract Liabilities Status | Item | End of Period Balance (Yuan) | Beginning of Period Balance (Yuan) | | :--- | :--- | :--- | | Advance Receipts for Goods | 7,470,173.34 | 2,295,034.98 | | Total | 7,470,173.34 | 2,295,034.98 | Employee Compensation Payable Listing | Item | End of Period Balance (Yuan) | | :--- | :--- | | I. Short-term Compensation | 10,537,210.40 | | II. Post-employment Benefits - Defined Contribution Plans | | | III. Termination Benefits | | | IV. Other Benefits Due Within One Year | | | Total | 10,537,210.40 | Taxes Payable Status | Item | End of Period Balance (Yuan) | Beginning of Period Balance (Yuan) | | :--- | :--- | :--- | | Value-Added Tax | 8,570,870.12 | 7,561,059.61 | | Corporate Income Tax | 7,700,749.06 | 14,910,275.97 | | Individual Income Tax | 565,391.01 | 531,660.37 | | Urban Maintenance and Construction Tax | 599,294.56 | 527,812.28 | | Stamp Duty | 315,928.60 | 335,959.78 | | Education Surcharge | 256,840.53 | 226,205.27 | | Local Education Surcharge | 171,227.02 | 150,803.51 | | Other | 37,363.73 | 37,374.74 | | Total | 18,217,664.63 | 24,281,151.53 | Other Payables Listing | Item | End of Period Balance (Yuan) | Beginning of Period Balance (Yuan) | | :--- | :--- | :--- | | Dividends Payable | | 128,284,244.70 | | Other Payables | 8,675,262.37 | 8,370,438.92 | | Total | 8,675,262.37 | 136,654,683.62 | Provisions Status | Item | End of Period Balance (Yuan) | Beginning of Period Balance (Yuan) | Reason for Formation | | :--- | :--- | :--- | :--- | | Product Quality Warranty | 1,653,828.15 | 1,294,917.21 | Accrued product quality warranty expenses | | Total | 1,653,828.15 | 1,294,917.21 | / | Deferred Income Status | Item | Beginning of Period Balance (Yuan) | Amount Increased in Current Period (Yuan) | Amount Decreased in Current Period (Yuan) | End of Period Balance (Yuan) | Related to Asset/Income | | :--- | :--- | :--- | :--- | :--- | :--- | | Government Grants | 666,932.09 | 192,800.00 | 393,814.17 | 465,917.92 | Asset-related | Share Capital Status | Item | Beginning of Period Balance (Yuan) | End of Period Balance (Yuan) | | :--- | :--- | :--- | | Total Shares | 438,797,049.00 | 438,797,049.00 | Capital Reserve Status | Item | Beginning of Period Balance (Yuan) | Amount Increased in Current Period (Yuan) | End of Period Balance (Yuan) | | :--- | :--- | :--- | | Capital Premium (Share Premium) | 670,732,040.79 | | 670,732,040.79 | | Other Capital Reserves | 37,503,051.78 | 22,721,486.24 | 60,224,538.02 | | Total | 708,235,092.57 | 22,721,486.24 | 730,956,578.81 | - Other capital reserves increased by **22,721,486.24 Yuan** in the current period, including **13,779,095.58 Yuan** for equity incentive expenses recognized from the employee stock ownership plan; **8,635,178.80 Yuan** for income tax impact recognized when the income tax deductible amount related to stock option exercise exceeded the cost recognized during the vesting period; and **307,211.86 Yuan** for gains from the employee stock ownership plan where actual unlocked shares were less than target unlocked shares, and gains from former executives' non-compliant share purchases during the window period returned to the company[429](index=429&type=chunk) Treasury Stock Status | Item | Beginning of Period Balance (Yuan) | End of Period Balance (Yuan) | | :--- | :--- | :--- | | Repurchased for Employee Incentives | 39,996,688.01 | 39,996,688.01 | | Other | 39,996,257.00 | 39,996,257.00 | | Total | 79,992,945.01 | 79,992,945.01 | Other Comprehensive Income Status | Item | Beginning of Period Balance (Yuan) | Pre-tax Amount for Current Period (Yuan) | Less: Income Tax Expense (Yuan) | After-tax Attributable to Parent Company (Yuan) | End of Period Balance (Yuan) | | :--- | :--- | :--- | :--- | :--- | :--- | | II. Other Comprehensive Income to be Reclassified to Profit or Loss | -452,285.00 | 532,100.00 | 79,815.00 | 452,285.00 | | | Of which: Cash Flow Hedging Reserve | -452,285.00 | 532,100.00 | 79,815.00 | 452,285.00 | | | Total Other Comprehensive Income | -452,285.00 | 532,100.00 | 79,815.00 | 452,285.00 | | Specific Reserves Status | Item | Beginning of Period Balance (Yuan) | Amount Increased in Current Period (Yuan) | Amount Decreased in Current Period (Yuan) | End of Period Balance (Yuan) | | :--- | :--- | :--- | :--- | :--- | | Safety Production Fund | 0.33 | 4,818,019.20 | 4,502,834.81 | 315,184.72 | | Total | 0.33 | 4,818,019.20 | 4,502,834.81 | 315,184.72 | - The increase in specific reserves for the current period represents the safety production fund accrued at the prescribed ratio according to the "Measures for the Administration of Enterprise Safety Production Expense Accrual and Use" (Cai Zi (2022) No. 136), while the decrease represents the actual use of the safety production fund[435](index=435&type=chunk) Surplus Reserve Status | Item | Beginning of Period Balance (Yuan) | End of Period Balance (Yuan) | | :--- | :--- | :--- | | Statutory Surplus Reserve | 228,895,053.45 | 228,895,053.45 | | Total | 228,895,053.45 | 228,895,053.45 | Undistributed Profits Status | Item | Current Period (Yuan) | Prior Year (Yuan) | | :--- | :--- | :--- | | Undistributed Profits at End of Prior Period (Adjusted) | 1,088,629,896.64 | 1,275,640,848.61 | | Add: Net Profit Attributable to Parent Company Owners for Current Period | 80,387,391.48 | 172,862,279.40 | | Less: Appropriation for Statutory Surplus Reserve | | 15,306,549.17 | | Dividends Payable on Common Stock | | 344,566,682.20 | | Undistributed Profits at End of Period | 1,169,017,288.12 | 1,088,629,896.64 | Operating Revenue and Operating Cost Status | Item | Current Period Amount (Revenue) (Yuan) | Current Period Amount (Cost) (Yuan) | Prior Period Amount (Revenue) (Yuan) | Prior Period Amount (Cost) (Yuan) | | :--- | :--- | :--- | :--- | :--- | | Main Business | 659,591,543.67 | 527,763,692.07 | 763,856,757.86 | 589,576,562.35 | | Other Business | 15,783,264.12 | 27,925.91 | 14,026,142.38 | 40.45 | | Total | 675,374,807.79 | 527,791,617.98 | 777,882,900.24 | 589,576,602.80 | Taxes and Surcharges | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Urban Maintenance and Construction Tax | 1,325,413.84 | 2,557,993.01 | | Education Surcharge | 568,034.50 | 1,096,282.72 | | Property Tax | 2,219,846.68 | 1,778,050.51 | | Land Use Tax | 1,718,854.96 | 1,718,854.96 | | Vehicle and Vessel Usage Tax | 8,029.65 | 6,444.45 | | Stamp Duty | 585,589.12 | 597,291.94 | | Local Education Surcharge | 378,689.67 | 730,855.13 | | Environmental Protection Tax | 64,629.32 | 55,658.51 | | Total | 6,869,087.74 | 8,541,431.23 | Selling Expenses | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Employee Compensation | 2,930,926.04 | 3,405,702.98 | | Share-based Payment Expense | 2,296,700.58 | 4,250,487.50 | | Other | 574,555.04 | 476,907.83 | | Total | 5,802,181.66 | 8,133,098.31 | Administrative Expenses | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Employee Compensation | 21,788,287.89 | 23,823,631.61 | | Depreciation and Amortization | 7,385,942.09 | 6,883,549.16 | | Share-based Payment Expense | 7,167,786.42 | 14,034,475.00 | | Other | 1,839,299.06 | 1,497,620.75 | | Office and Vehicle Usage Expenses | 1,348,037.29 | 1,459,161.02 | | Consulting Fees | 361,667.15 | 398,237.33 | | Maintenance Fees | 291,170.16 | 186,324.50 | | Total | 40,182,190.06 | 48,282,999.37 | R&D Expenses | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Salaries and Wages | 6,836,291.64 | 5,341,613.85 | | Materials and Testing Fees | 2,739,769.13 | 3,563,703.42 | | Depreciation and Amortization | 2,335,572.01 | 2,132,398.03 | | Share-based Payment Expense | 1,436,124.66 | 3,919,562.50 | | Other | 1,267,231.72 | 610,027.21 | | Total | 14,614,989.16 | 15,567,305.01 | Financial Expenses | Item | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :--- | :--- | | Interest Expense | 33,324.17 | 24,820.01 | | Less: Interest Income | 7,562,915.82 | 8,678,726.93 | | Exchange Gains and Losses | 32,632.75 | -34,355.84 | | Handling Fees and Other | 191,005.23 | 118,677.79 | | Total | -7,305,953.67 | -8,569,584.97 | Other Income | Classified by Nature | Current Period Amount (Yuan) | Prior Period Amount (Yuan) | | :--- | :-

重庆秦安机电股份有限公司 募集资金使用管理制度 2025年8月 | | | 第六条 公司董事会应根据《公司法》、《证券法》等法律法规的有关规定， 及时披露募集资金的使用情况。公司董事会应制定详细的资金使用计划，组织募 集资金投资项目的具体实施，做到资金使用公开、透明和规范。 2 / 13 重 庆 秦 安 机 电 股 份 有 限 公 司 Chongqing Qin'an M&E PLC. 第一章 总 则 第一条 为进一步加强重庆秦安机电股份有限公司（以下简称"公司"）募 集资金的管理和运用，提高募集资金使用效率，保护投资者的利益，根据《中华 人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》 （以下简称"《证券法》"）等有关法律、法规和中国证券监督管理委员会（以 下简称"中国证监会"） 《上市公司证券发行注册管理办法》、《上市公司募 集资金监管规则》及《上海证券交易所股票上市规则》（以下简称"《股票上市 规则》"）等有关规范性文件以及《重庆秦安机电股份有限公司章程》（以下简 称"《公司章程》"）之规定，结合公司实际情况，制定本制度。 第二条 本制度适用于公司通过发行股票或者其他具有股权性质的 ...

重庆秦安机电股份有限公司 信息披露暂缓与豁免管理制度 2025 年 8 月 | | | 第一章 总则 第一条 为规范重庆秦安机电股份有限公司（以下简称"公司"）和其他信息 披露义务人信息披露暂缓与豁免行为，保证公司依法合规履行信息披露义务，保 护投资者的合法权益，根据《上海证券交易所股票上市规则》《上市公司信息披 露管理办法》《上市公司信息披露暂缓与豁免管理规定》等法律法规、规范性文 件以及《重庆秦安机电股份有限公司公司章程》（以下简称"公司章程"）、《重庆 秦安机电股份有限公司信息披露管理办法》等规定，制定本制度。 第二条 公司和其他信息披露义务人暂缓、豁免披露临时报告，在定期报告、 临时报告中豁免披露中国证券监督管理委员会和上海证券交易所规定或者要求 披露的内容，适用本制度。 第二章 暂缓、豁免披露信息的范围 第三条 公司和其他信息披露义务人有确实充分的证据证明拟披露的信息涉 及国家秘密或者其他因披露可能导致违反国家保密规定、管理要求的事项（以下 统称"国家秘密"），依法豁免披露。 第四条 公司和其他信息披露义务人有保守国家秘密的义务，不得通过信息 披露、投资者互动问答、新闻发布、接受采访等任何形式泄露国 ...

重 庆 秦 安 机 电 股 份 有 限 公 司 Chongqing Qin'an M&E PLC. 重庆秦安机电股份有限公司 审计委员会议事规则 第二条 审计委员会（下称"委员会"）是公司董事会下设的专门委员会，对 董事会负责，向董事会汇报工作。主要职能是协助董事会独立地审查公司财务状 况、内部监控及风险管理制度的执行情况及效果，以及与内外部审计的独立沟通、 监督和核查工作。 第二章 委员会组织结构 2025 年 8 月 | | | 重 庆 秦 安 机 电 股 份 有 限 公 司 Chongqing Qin'an M&E PLC. 第一章 总 则 第一条 为提高重庆秦安机电股份有限公司（下称"公司"）治理水平，规范 公司董事会审计委员会运作，进一步完善公司治理结构，根据《中华人民共和国 公司法》（下称"公司法"）《上市公司独立董事管理办法》《上市公司治理准则》 等有关法律、法规以及《重庆秦安机电股份有限公司章程》（下称"《公司章程》"） 有关规定，公司董事会特设立审计委员会，并制定本议事规则。 第三条 委员会由 3 名董事组成，成员应当为不在公司担任高级管理人员的董 事，其中独立董事应当过半数，且至少有一名独 ...

重庆秦安机电股份有限公司 内幕信息知情人登记 管理制度 2025 年 8 月 | | | 第一章 总则 第一条 为规范重庆秦安机电股份有限公司（以下简称"本公司"或"公司"） 的内幕信息管理行为，加强内幕信息保密工作，维护信息披露的公平原则，根据 《中华人民共和国公司法》、《中华人民共和国证券法》、《上市公司信息披露 管理办法》、《上海证券交易所股票上市规则》、《上市公司监管指引第 5 号 ——上市公司内幕信息知情人登记管理制度》等有关法律、法规、规范性文件和 《重庆秦安机电股份有限公司章程》（"《公司章程》"）等有关规定，结合公 司实际情况，制定本制度。 第二条 本制度适用于本公司、全资子公司、控股子公司及本公司能够实施 重大影响的参股公司。 第二章 内幕信息与内幕信息知情人的定义及范围 第三条 本制度所指内幕信息是指《证券法》所规定的，涉及公司的经营、 财务或者对公司证券及其衍生品种交易的市场价格有重大影响的尚未公开的信 息，以及《证券法》第八十条第二款、第八十一条第二款所列重大事件，包括但 不限于： （一）公司的经营方针和经营范围的重大变化； （二）公司的重大投资行为，公司在一年内购买、出售重大资产超过 ...

| . | 1 | 2 | | --- | --- | --- | | | . | | | | | 重庆秦安机电股份有限公司 董事会薪酬与考核委员会 议事规则 2025 年 8 月 重庆秦安机电股份有限公司 专门委员会议事规则 第一章 总 则 第一条 为建立和规范重庆秦安机电股份有限公司（下称"公司"）人事薪酬 与考核工作制度和程序，根据《中华人民共和国公司法》、《重庆秦安机电股份有 限公司章程》(下称"《公司章程")、《重庆秦安机电股份有限公司董事会议事规 则》（下称"董事会议事规则"）以及其他相关规定，董事会设立薪酬与考核委员 会（下称"委员会"），并制定本议事规则。 第二条 委员会是公司董事会下设的专门工作机构，主要负责制定公司董事 及高级经理人员的考核标准并进行考核；负责制定、审查公司董事及高级管理人 员的薪酬政策与方案，对董事会负责。 第三条 本规则所称董事是指在公司支取薪酬的董事，高级管理人员是指董事 会聘任的总经理、副总经理、董事会秘书、财务负责人及由总经理提请董事会认 定的其他高级管理人员。 第四条 本规则适用于委员会及本规则中涉及的有关人员和部门。 第二章 委员会组织结构 第五条 委员会由 ...

重庆秦安机电股份有限公司 关联交易管理制度 2025 年 8 月 | | | | 第一章 | 总则 | 2 | | --- | --- | --- | | 第二章 | 关联人及关联交易认定 | 2 | | 第三章 | 关联人报备 | 4 | | 第四章 | 关联交易披露及决策程序 | 4 | | 第五章 | 关联交易定价 | 7 | | 第六章 | 关联人及关联交易应当披露的内容 | 7 | | 第七章 | 日常关联交易披露和决策程序的特别规定 | 8 | | 第八章 | 关联交易披露和决策程序的豁免 | 8 | | 第九章 | 附则 | 9 | 重 庆 秦 安 机 电 股 份 有 限 公 司 Chongqing Qin'an M&E PLC. 第一章 总则 第一条 为了规范重庆秦安机电股份有限公司（以下简称"公司"或"本公司"）的关 联交易行为，保证公司与各关联人所发生的关联交易的合法性、公允性、合理性；保障股 东和公司的合法权益，依据《中华人民共和国公司法》、《中华人民共和国证券法》以及 《上海证券交易所股票上市规则》（下称"《股票上市规则》"）《上海证券交易所上市 公司自律监管指引第5号——交易与关联交 ...

重庆秦安机电股份有限公司 董事离职管理制度 2025 年 8 月 | | | 重 庆 秦 安 机 电 股 份 有 限 公 司 Chongqing Qin'an M&E PLC. 第一章 总 则 第一条 为规范重庆秦安机电股份有限公司（以下简称"公司"）的公司治 理，加强公司董事的离职管理，保障公司治理稳定性及股东合法权益，根据《中 华人民共和国公司法》（以下简称"《公司法》"）、《上市公司治理准则》《上 海证券交易所上市公司自律监管指引第 1 号——规范运作》《重庆秦安机电股 份有限公司章程》（以下简称"《公司章程》"）以及其他有关法律、行政法规、 规范性文件的规定，制定本制度。 第二条 本制度适用于公司全体董事（含独立董事）的辞任、任期届满、解 任及其他导致董事实际离职等情形。 第三条 公司董事离职管理应遵循以下原则： （一）合法合规原则：严格遵守国家法律法规、监管规定及《公司章程》的 要求； （二）公开透明原则：及时、准确、完整地披露董事离职相关信息； （三）平稳过渡原则：确保董事离职不影响公司正常经营和治理结构的稳定 性； （四）保护股东权益原则：维护公司及全体股东的合法权益。 第二章 离职情形和程序 ...