2022 年第三季度报告 单位：元 币种：人民币 证券代码：603766 证券简称：隆鑫通用 隆鑫通用动力股份有限公司 2022 年第三季度报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 本报告期 年初至报告期 | --- | --- | --- | --- | --- | |------------------------------------------------|------------------|------------------------------|------------------|---------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2022 reached ¥6,601,146,303.82, representing a 7.26% increase compared to ¥6,154,104,628.49 in the same period last year[22]. - The net profit attributable to shareholders of the listed company was ¥564,178,801.45, up 9.31% from ¥516,129,208.51 year-on-year[22]. - The net profit after deducting non-recurring gains and losses was ¥514,287,525.79, a significant increase of 111.80% compared to ¥242,812,709.10 in the previous year[22]. - Basic earnings per share for the first half of 2022 were ¥0.2747, an increase of 9.31% compared to ¥0.2513 in the same period last year[22]. - The weighted average return on net assets was 7.34%, up 0.41 percentage points from 6.93% in the previous year[22]. - The company reported a significant increase in diluted earnings per share, which also stood at ¥0.2747, reflecting a 9.31% growth year-on-year[22]. - The comprehensive gross profit margin improved to 17.73%, an increase of 4.29 percentage points year-on-year[37]. - The net profit for the first half of 2022 was ¥568,403,208.92, compared to ¥518,954,443.14 in the previous year, representing a year-on-year increase of 9.76%[170]. Revenue Breakdown - The "motorcycle + general machinery" main business generated sales revenue of 6.068 billion yuan, an increase of 8.52% year-on-year[37]. - Motorcycle business sales revenue was 3.975 billion yuan, with a year-on-year growth of 7.39%[37]. - The sales revenue from motorcycle products was 3.053 billion yuan, reflecting an 8.77% increase year-on-year[37]. - The sales revenue from motorcycle engines was 922 million yuan, showing a growth of 3.05% year-on-year[37]. - The export revenue reached 406 million USD, marking an 8.33% increase year-on-year[37]. - The sales revenue of the WOGE series products was 482 million yuan, with a nearly 20% year-on-year growth[37]. - The current sales revenue reached 197 million yuan, representing a year-on-year growth of 28.42%[40]. - The company sold 1.9665 million units of general machinery products, achieving revenue of 2.093 billion yuan, a year-on-year increase of 10.73%[46]. - The household generator segment generated revenue of 1.091 billion yuan, up 18% year-on-year, accounting for 52% of the general machinery product business[46]. Cash Flow and Investments - The net cash flow from operating activities was ¥399,735,641.53, down 25.22% from ¥534,536,526.17 in the same period last year[22]. - The company reported a significant decrease in investment income, down 87.09% to ¥35,539,408.87 from ¥275,372,510.87 year-on-year[51]. - Cash inflow from investment activities increased to CNY 10,843,550,917.21 in 2022, up from CNY 9,601,188,771.14 in 2021, reflecting a growth of 12.9%[188]. - The net cash flow from investment activities improved to CNY 459,046,522.88 in 2022, compared to a negative CNY -164,076,189.95 in 2021[188]. - The ending balance of cash and cash equivalents was CNY 2.62 billion, significantly higher than CNY 1.52 billion at the end of the first half of 2021, representing an increase of approximately 72%[185]. Assets and Liabilities - The total assets at the end of the reporting period were ¥12,996,421,968.21, a decrease of 1.67% from ¥13,217,711,974.22 at the end of the previous year[22]. - Total liabilities decreased from ¥5,455,163,301.91 to ¥4,799,144,117.47, a reduction of about 12.03%[159]. - Current liabilities decreased from ¥4,979,473,144.21 to ¥4,331,239,375.72, a decrease of approximately 13.03%[159]. - Total equity increased from ¥7,762,548,672.31 to ¥8,197,277,850.74, an increase of about 5.61%[159]. - The company's cash and cash equivalents at the end of the reporting period amounted to ¥3,323,568,140.10, an increase from ¥2,666,587,377.03 at the beginning of the period[154]. Research and Development - R&D expenses increased due to higher investment compared to the previous year, indicating a focus on innovation and product development[50]. - Research and development expenses rose to ¥246,926,097.05, up from ¥191,769,599.41, indicating a significant increase of 28.73%[166]. Environmental Compliance - The company is classified as a key pollutant discharge unit, with all emissions meeting the required standards[85]. - The actual discharge of COD was 24.91 tons, well below the permitted total of 154.12 tons[85]. - The company has implemented clean energy measures, using natural gas for emissions control[87]. - The company has established emergency response plans for environmental incidents and conducts regular training and drills to enhance preparedness[96]. - The company has committed to strict compliance with environmental laws and regulations, with ongoing monitoring and reporting of environmental data to authorities[97]. Shareholder Information - As of the end of the reporting period, the total number of ordinary shareholders was 41,709[140]. - The top shareholder, Longxin Holdings Co., Ltd., held 1,028,236,055 shares, representing 50.07% of total shares, with all shares frozen[143]. - No profit distribution or capital reserve transfer plan was proposed, with 0 shares for bonus and 0 yuan for dividends per 10 shares[81].

Financial Performance - The company's operating revenue for Q1 2022 was ¥3,503,290,142.43, representing a year-on-year increase of 23.21%[6] - Net profit attributable to shareholders for Q1 2022 was ¥285,195,166.20, reflecting a significant increase of 67.55% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥258,279,801.15, up by 64.56% year-on-year[6] - Basic and diluted earnings per share for Q1 2022 were both ¥0.1389, an increase of 67.55% year-on-year[9] - The weighted average return on equity was 3.78%, an increase of 1.45 percentage points compared to the previous year[9] - The increase in net profit was primarily driven by growth in motorcycle and general machinery business revenues and gross margins[12] - In Q1 2022, the company achieved revenue of RMB 3.503 billion, a year-on-year increase of 23.21%[17] - Export revenue reached RMB 2.594 billion, up 30.97% year-on-year[17] - The motorcycle and engine business generated revenue of RMB 1.947 billion, a 16.32% increase year-on-year[17] - General machinery product revenue was RMB 1.299 billion, up 37.86% year-on-year[17] Cash Flow and Liquidity - The net cash flow from operating activities reached ¥141,496,674.95, marking an impressive increase of 84.98% compared to the previous year[6] - As of March 31, 2022, the company's cash and cash equivalents amounted to RMB 2.722 billion, compared to RMB 2.667 billion at the end of 2021[24] - Total current assets as of March 31, 2022, were RMB 7.992 billion, slightly up from RMB 7.949 billion at the end of 2021[24] - Cash inflow from operating activities for the first quarter of 2022 was CNY 3,216,582,452.67, an increase of 19.3% from CNY 2,697,329,164.30 in the same period of 2021[39] - The cash and cash equivalents at the end of the first quarter of 2022 were CNY 1,945,980,880.78, compared to CNY 1,659,593,648.64 at the end of the first quarter of 2021, showing an increase of 17.3%[41] - The ending balance of cash and cash equivalents was CNY 681,442,616.25, up from CNY 564,331,945.30 in the previous year, reflecting an increase of approximately 20.8%[54] Assets and Liabilities - Total assets at the end of the reporting period were ¥13,223,631,641.28, showing a slight increase of 0.04% from the end of the previous year[9] - Shareholders' equity attributable to the parent company was ¥7,686,111,341.92, reflecting a year-on-year increase of 3.80%[9] - Total liabilities decreased to ¥5,173,643,405.87 from ¥5,455,163,301.91, indicating a reduction of 5.2%[29] - Non-current assets totaled ¥5,231,392,794.10, down from ¥5,268,923,879.96, a decrease of 0.7%[29] - The total assets increased to CNY 8,892,925,411.88, compared to CNY 8,276,493,260.44 in the previous year, reflecting a growth of 7.4%[47] - The total liabilities rose to CNY 3,679,644,020.24, an increase from CNY 3,185,380,636.65, indicating a growth of 15.5%[47] Research and Development - Research and development expenses in Q1 2022 amounted to ¥117,260,699.97, a significant increase of 72.8% compared to ¥67,839,755.47 in Q1 2021[33] - Research and development expenses for Q1 2022 were CNY 28,188,289.46, slightly up from CNY 26,227,678.63 in Q1 2021[50] Comprehensive Income - The total comprehensive income for the first quarter of 2022 was CNY 287,439,563.10, up from CNY 156,817,568.89 in the first quarter of 2021, representing an increase of 83.3%[35] - The total comprehensive income for the first quarter of 2022 was CNY 122,168,767.85, compared to CNY 73,274,711.16 in the first quarter of 2021, representing an increase of approximately 66.6%[52] Investment Activities - Cash outflow from investing activities in the first quarter of 2022 was CNY 7,088,621,423.59, compared to CNY 5,242,662,358.90 in the first quarter of 2021, indicating a rise of 35.2%[41] - Cash inflows from investment activities totaled CNY 6,949,821,265.61, a significant rise from CNY 4,807,242,186.96 in the same period last year, marking an increase of around 44.6%[54] - The net cash flow from investment activities was CNY -32,108,415.44, compared to CNY -97,074,327.52 in the first quarter of 2021, showing an improvement in cash flow[54] Sales and Expenses - Total operating costs for Q1 2022 were ¥3,216,052,935.81, up 21.1% from ¥2,655,528,414.35 in Q1 2021[33] - Operating profit for Q1 2022 was ¥328,410,020.80, representing a 62.3% increase from ¥202,310,524.50 in Q1 2021[33] - The company reported a decrease in sales expenses to CNY 16,868,742.36 from CNY 24,969,861.77, a reduction of 32.5%[50]

Financial Performance - The company's operating revenue for 2021 was approximately ¥13.06 billion, representing a 25.11% increase compared to ¥10.44 billion in 2020[24]. - The net profit attributable to shareholders of the listed company for 2021 was approximately ¥384.80 million, a decrease of 19.82% from ¥479.92 million in 2020[24]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥84.42 million, down 76.06% from ¥352.56 million in 2020[24]. - The proposed cash dividend distribution is ¥0.60 per 10 shares, totaling approximately ¥123.21 million, which accounts for 32.02% of the net profit attributable to shareholders for 2021[5]. - The company reported a significant decrease in net profit due to various operational challenges faced during the year[24]. - The company achieved operating revenue of RMB 13.058 billion in 2021, a year-on-year increase of 25.11%, surpassing the target of RMB 12.5 billion set at the beginning of the year[36]. - The net cash flow from operating activities was RMB 1.259 billion, an increase of 5.75% from RMB 1.191 billion in 2020[27]. - The company's total assets stood at RMB 13.218 billion at the end of 2021, reflecting a slight increase of 0.70% from RMB 13.126 billion at the end of 2020[27]. - The weighted average return on equity decreased to 5.28% in 2021, down 1.55 percentage points from 6.83% in 2020[27]. - Basic earnings per share were RMB 0.19, down 17.39% from RMB 0.23 in 2020[27]. - The company reported non-recurring gains of RMB 300.39 million in 2021, compared to RMB 127.36 million in 2020[34]. Business Segments and Revenue Sources - The main business segment of "motorcycles + general machinery" reached a historical high with sales revenue of RMB 11.761 billion, up 35.31% year-on-year[36]. - The motorcycle and engine business achieved sales revenue of 7.558 billion yuan, a year-on-year increase of 30.55%, despite a 2.56 percentage point decline in gross margin due to rising raw material and transportation costs[40]. - Motorcycle sales revenue reached 5.901 billion yuan, up 35.64% year-on-year, with export revenue of 747 million USD, a 54.07% increase, and export volume exceeding 1.2 million units, setting a historical record[40]. - The general machinery business reported revenue of 4.203 billion yuan, a 44.82% year-on-year growth, with product sales reaching 4.3772 million units, also a historical high[45]. - The company’s self-owned brand generated revenue of RMB 1.914 billion, accounting for 14.66% of total revenue, showing steady growth[38]. - The company's overseas revenue reached approximately CNY 8.77 billion, with a year-on-year increase of 37.90%[74]. Market Expansion and Product Development - The company plans to continue focusing on market expansion and new product development in the upcoming year[6]. - The company plans to launch the first product of the new electric motorcycle brand, YINWEI BICOSE, in the first half of 2022, featuring advanced performance and smart technology[43]. - The company is actively developing electric garden machinery products and has established partnerships for mid-to-large power terminal products to meet market demands[48]. - The company plans to enhance the sales proportion of its three major brands: VOGE, LONCIN, and BICOSE, targeting the high-end fuel market in Europe and the electric high-end market[124]. - The company aims to achieve a revenue of 15 billion yuan in 2022, focusing on brand strengthening, channel expansion, and product innovation[124]. - The company is focusing on electric and intelligent product development, with plans to launch its first electric motorcycle and enhance the performance of its existing products[127]. Research and Development - The company has established a research and development structure with over 1,200 personnel, focusing on basic research and simulation analysis capabilities[56]. - As of December 31, 2021, the company held 1,850 valid patents, including 281 invention patents and 688 utility model patents, with 231 new patents added during the reporting period[60]. - The company’s R&D expenses amounted to approximately CNY 384.00 million, an increase of 25.58% year-on-year, indicating a focus on innovation[67]. - Research and development expenses totaled 426,923,043.67 CNY, representing 3.27% of total revenue, with a year-on-year increase of 25.58%[85]. - Investment in new technology development increased by 30% in 2021, totaling 300 million, focusing on enhancing product features and user experience[156]. Corporate Governance and Compliance - The company strictly adheres to legal regulations and has established a modern corporate governance structure, ensuring the protection of shareholders' rights, especially for minority shareholders[135]. - The board of directors consists of 8 members, including 3 independent directors, and has established four specialized committees to enhance decision-making and oversight[135]. - The company emphasizes transparent information disclosure, ensuring that all reports are accurate, complete, and timely, thereby protecting investors' rights[138]. - The company has not faced significant differences in governance compared to regulatory requirements, ensuring compliance with corporate governance standards[135]. - The company is in the process of filling vacancies in the board and supervisory committee following resignations, ensuring continuity in governance[135]. Employee Development and Compensation - The total number of employees in the parent company and major subsidiaries is 9,025, with 2,330 in the parent company and 6,694 in subsidiaries[187]. - The company has established a competitive salary system and incentive plans to ensure employee income aligns with market standards[188]. - The company conducted nearly 2,000 recognized vocational skill assessments for employees during the year, enhancing workforce capabilities[189]. - The company has implemented a long-term incentive mechanism for senior management, aligning their interests with those of shareholders[196]. - The company’s training programs focus on enhancing professional skills across various departments, including R&D and sales[189]. Strategic Goals and Future Outlook - The management team highlighted a focus on expanding market presence and enhancing product offerings in the upcoming year[151]. - Future guidance suggests a projected revenue growth rate of approximately 15% for the next fiscal year[151]. - The company is committed to sustainability, with a goal to reduce carbon emissions by 25% over the next five years[159]. - The company aims to reduce operational costs by 12% in 2022 through efficiency improvements and process optimization[156]. - The company plans to explore potential mergers and acquisitions to accelerate growth and diversification strategies[151].

股票代码：603766 股票简称：隆鑫通用 编码：2021-061 隆鑫通用动力股份有限公司 关于参加重庆辖区 2021 年投资者网上集体接待日活动 的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 为进一步做好投资者关系管理工作，增强与广大投资者的互动交流，切实提 高上市公司透明度和治理水平，隆鑫通用动力股份有限公司（以下简称"公司"） 将参加由中国证券监督管理委员会重庆证监局指导，重庆上市公司协会联合上证 所信息网络有限公司举办的"重庆辖区 2021 年投资者网上集体接待日"活动。 本次活动将于 2021 年 11 月 25 日(星期四)下午 15:00-17:00 举行，投资者可以 登录上证路演中心（http://roadshow.sseinfo.com）进入本公司互动平台参与 交流。 届时，公司财务总监王建超先生、董事会秘书叶珂伽女士将参加本次活动， 通过网络在线交流形式，就公司发展战略、经营状况、可持续发展等投资者所关 心的问题，与投资者进行"一对多"形式的在线沟通与交流。欢迎广大投资者参 与本次活动。 ...

Financial Performance - The company's operating revenue for Q3 2021 was ¥3,180,715,401.06, representing an increase of 8.04% year-over-year[7]. - Net profit attributable to shareholders for the same period was ¥195,120,469.53, up 12.42% compared to the previous year[7]. - The net profit after deducting non-recurring gains and losses was ¥186,218,515.98, reflecting an increase of 11.63% year-over-year[7]. - The basic earnings per share for Q3 2021 was ¥0.0950, which is a 12.43% increase from the same period last year[9]. - The company reported a 30.62% increase in operating revenue year-to-date, primarily driven by growth in motorcycle and general machinery business[12]. - The net profit attributable to shareholders for the year-to-date reached ¥711,249,678.04, marking a substantial increase of 44.19% year-over-year[7]. - Total operating revenue for the first three quarters of 2021 reached ¥9,334,820,029.55, a 30.58% increase from ¥7,146,411,334.89 in the same period of 2020[41]. - Net profit for the first three quarters of 2021 was ¥713,154,359.38, representing a 55.01% increase compared to ¥460,290,886.79 in the previous year[43]. - Total profit for the first three quarters of 2021 was ¥797,548,508.10, compared to ¥551,010,421.27 in the same period of 2020, marking a 44.83% increase[43]. - The total comprehensive income for Q3 2021 was ¥692,354,524.96, compared to ¥466,901,992.25 in Q3 2020, reflecting a 48.38% increase[43]. Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥13,319,120,713.28, showing a slight increase of 1.47% compared to the end of the previous year[9]. - The company's current assets reached approximately ¥7.95 billion, compared to ¥7.81 billion at the end of 2020, indicating an increase of around 1.83%[35]. - Total liabilities decreased to approximately ¥5.25 billion from ¥5.57 billion, a reduction of about 5.73%[37]. - The company's equity attributable to shareholders increased to approximately ¥7.73 billion from ¥7.20 billion, reflecting a growth of about 7.47%[37]. - The company's non-current assets totaled approximately ¥5.37 billion, slightly up from ¥5.32 billion, indicating a growth of about 0.93%[35]. - The total liabilities stood at CNY 5,724,000,000.00, with short-term borrowings at CNY 874,640,833.72, reflecting the company's leverage strategy[51]. - Current liabilities totaled approximately ¥5.10 billion, reflecting a decrease of ¥6.97 million[53]. - Non-current liabilities were approximately ¥473 million, down by ¥26.80 million from the previous period[53]. Cash Flow - The net cash flow from operating activities for the year-to-date was ¥988,164,751.03, which is a significant increase of 102.98% compared to the same period last year[7]. - Cash flow from operating activities for the first three quarters of 2021 was ¥988,164,751.03, compared to ¥486,828,939.73 in the same period of 2020, indicating a significant improvement[47]. - The company reported a net cash inflow from investment activities of ¥15,778,952,851.28 for the first three quarters of 2021, significantly higher than ¥6,678,196,275.26 in the same period of 2020[47]. - The net cash inflow from investment activities totaled CNY 16,104,510,679.55, compared to CNY 6,743,140,943.96 in the previous period, indicating a significant increase[48]. - The net cash outflow from financing activities was CNY 787,915,407.85, a decrease from CNY 192,267,800.39 in the prior period, reflecting improved cash management[48]. Revenue Breakdown - Export revenue reached 6.268 billion RMB, up 39.18% year-on-year, while domestic revenue was 3.067 billion RMB, growing by 16.04%[19]. - Motorcycle and engine business revenue was 5.531 billion RMB, a growth of 35.37%, with a gross margin of 14.20%, down 3.34 percentage points[20]. - The "Wujie" series of large-displacement motorcycles sold 38,300 units, a 110.83% increase, generating 651 million RMB in revenue, up 93.71%[20]. - General machinery products sold 3.1119 million units, achieving revenue of 2.907 billion RMB, a 39.47% increase[25]. - The high-end components business saw revenue of 382 million RMB, a significant growth of 109.24%, with a gross margin of 25.24%[29]. Strategic Focus - The company plans to focus on "motorcycles + general machinery" to enhance its core business and drive sustainable growth[16]. - The company aims to optimize its engine combustion system and develop smart products to lead in low-carbon power solutions[18]. - The company plans to expand its market presence and invest in new technologies to drive future growth[50]. - The company is focusing on strategic acquisitions to enhance its competitive position in the market[50]. Shareholder Information - The company had a total of 45,913 common shareholders at the end of the reporting period, with 隆鑫控股有限公司 holding 50.07% of the shares[13].

Financial Performance - The company's operating revenue for the first half of 2021 was ¥6,154,104,628.49, representing a 46.45% increase compared to ¥4,202,330,855.22 in the same period last year[20] - The net profit attributable to shareholders for the first half of 2021 was ¥516,129,208.51, a 61.43% increase from ¥319,723,104.47 in the previous year[20] - The net cash flow from operating activities increased significantly to ¥534,536,526.17, up 874.82% from ¥54,834,120.42 in the same period last year[20] - Basic earnings per share for the first half of 2021 were ¥0.2513, a 61.40% increase from ¥0.1557 in the same period last year[20] - The company reported a decrease of 15.45% in net profit attributable to shareholders after deducting non-recurring gains and losses, primarily due to rising raw material prices and fluctuations in the US dollar exchange rate[22] - The increase in operating revenue was mainly driven by growth in the motorcycle and general machinery business segments[22] - The company achieved a weighted average return on net assets of 6.93%, an increase of 2.42 percentage points compared to 4.51% in the previous year[20] Revenue Breakdown - The motorcycle and engine business generated revenue of 3.702 billion RMB, with a year-on-year growth of 53.44%[35] - The sales revenue of two-wheeled motorcycles was 2.094 billion RMB, an increase of 61.95% year-on-year, with export revenue of 280 million USD, up 83.51%[35] - The company sold 24,500 units of the "Wujie" series large-displacement motorcycles, a year-on-year increase of 118.41%[35] - General machinery products sold 2.0385 million units, generating revenue of 1.89 billion RMB, up 50.60% year-on-year, with a gross margin of 12.82%, down 8.87 percentage points[39] - Power products generated sales revenue of 1.046 billion RMB, a year-on-year increase of 36.26%, with exports contributing 1.05 million USD, up 24.56%[40] - Small household generator sales reached 834 million RMB, a year-on-year increase of 73.46%, with exports generating 1.14 million USD, up 76.54%[41] - High-end components business achieved revenue of 233 million RMB, a year-on-year increase of 107.58%, with a gross margin of 26.71%, up 20.35 percentage points[45] - Automotive components revenue reached 155 million RMB, a year-on-year increase of 107.34%[46] Asset and Liability Overview - The total assets at the end of the reporting period were ¥13,490,268,272.34, reflecting a 2.77% increase from ¥13,126,443,704.39 at the end of the previous year[20] - The net assets attributable to shareholders at the end of the reporting period were ¥7,538,427,184.19, a 4.74% increase from ¥7,197,340,985.64 at the end of the previous year[20] - Total liabilities reached ¥5,608,109,795.35, compared to ¥5,570,971,582.05, marking an increase of approximately 0.66%[152] - Current assets totaled ¥8,137,955,005.94, up from ¥7,806,138,826.18, indicating an increase of about 4.24% year-over-year[150] - Accounts receivable rose to ¥2,327,471,779.13, a 10.18% increase from ¥2,112,810,769.63 in December 2020[150] - Non-current assets amounted to ¥5,352,313,266.40, slightly up from ¥5,320,304,878.21, showing a marginal increase of 0.60%[150] Cash Flow Analysis - The company recorded a significant increase in operating cash flow, with a net inflow of 535 million RMB, up 874% year-on-year[34] - Cash inflow from operating activities for the first half of 2021 was ¥5,930,498,759.60, up from ¥4,423,055,039.86 in the first half of 2020, a growth of 33.9%[173] - The total cash outflow from operating activities for the first half of 2021 was ¥5,395,962,233.43, compared to ¥4,368,220,919.44 in the first half of 2020, an increase of 23.5%[173] - Cash inflow from investment activities totaled CNY 10,183,453,289.77, up from CNY 4,714,755,685.52, reflecting strong investment recovery[176] - The net cash flow from investment activities was -CNY 364,381,541.55, compared to -CNY 62,057,609.66 in the previous period, showing a worsening cash outflow situation[176] - Cash inflow from financing activities amounted to CNY 1,004,741,065.85, slightly down from CNY 1,120,666,877.22[176] Shareholder and Equity Information - The company reported a total of 1,497,549,479.49 RMB in restricted assets, including 87,069,097.60 RMB in restricted bank deposits[59] - The top five customers account for 31.24% of the company's revenue, indicating a high concentration risk in foreign major clients[74] - As of June 30, 2021, the controlling shareholder, Longxin Holdings, pledged 1,027,668,574 shares, representing 99.94% of its holdings, which is 50.04% of the total shares[74] - The total number of frozen shares held by Longxin Holdings is 1,028,236,055, which is 100% of its holdings, indicating potential liquidity risks[74] - The company has a total of 73,654,000 shares frozen, representing 3.59% of the total share capital[116] - The company has a total of 1,022,501,469 shares frozen, representing 49.79% of the total share capital[116] Environmental and Regulatory Compliance - The company has implemented a low-nitrogen transformation for 7 boilers, reducing NOx emissions to ≤30 mg/m³, which is below the local standard of ≤50 mg/m³[99] - The company has a valid wastewater and air pollution discharge permit for its B and C zones, effective from June 9, 2020, to June 8, 2023, and July 25, 2020, to July 24, 2023, respectively[94] - The company has installed online monitoring equipment at the wastewater discharge outlets in B and C zones to ensure strict control of pollutants[93] - The company has reported no administrative penalties for environmental issues during the reporting period[99] - The company has committed to regular environmental monitoring, engaging qualified third parties at least once a year for wastewater, air, and noise testing[96] Legal and Compliance Issues - The company reported a significant legal dispute involving a breach of a share transfer agreement, with the amount in question being 305 million RMB[108] - The company has successfully resolved a share transfer dispute through a mediation agreement signed on June 17, 2021, with the total amount involved being 275 million RMB[112] - The company has reported no non-operating fund occupation by controlling shareholders or related parties during the reporting period[105] - The company has confirmed that all commitments related to land use rights issues have been resolved as of December 31, 2021[105] - The company has reported that its controlling shareholder is listed as a dishonest executor, which may impact its reputation[114] Research and Development - Research and development expenses increased to ¥191,769,599.41, up 46.2% from ¥131,195,131.70 in the previous year[159] - The company added 83 new patents during the reporting period, including 17 invention patents[33] - The company has actively promoted emission reduction technologies in product design to enhance environmental benefits during product use[99]

Financial Performance - Operating income for the period was CNY 2,843,249,686.32, representing an increase of 82.82% year-on-year[19] - Net profit attributable to shareholders of the listed company was CNY 170,216,913.98, up 60.29% from the previous year[19] - Basic earnings per share increased by 60.35% to CNY 0.0829[21] - The company achieved revenue of 2.84 billion yuan in Q1 2021, an increase of 82.82% year-on-year, with export revenue reaching 1.98 billion yuan, up 93.58%[33] - Net profit attributable to the parent company was 170 million yuan, a year-on-year increase of 60.29%, while the net profit after deducting non-recurring items was 157 million yuan, up 91.11%[33] - The motorcycle and engine business generated revenue of 1.67 billion yuan, a 72% increase year-on-year, with the "Wuji" series motorcycle sales reaching 7,300 units, up 115%[33] - Total operating revenue for Q1 2021 reached ¥2,843,249,686.32, a significant increase of 83% compared to ¥1,555,181,701.67 in Q1 2020[71] - Net profit for Q1 2021 was ¥171,414,643.90, compared to ¥91,463,085.92 in Q1 2020, representing an increase of 87%[73] Assets and Liabilities - Total assets at the end of the reporting period were CNY 13,117,818,597.45, a decrease of 0.07% compared to the end of the previous year[19] - Total assets at the end of the reporting period were 13.12 billion yuan, a slight decrease of 0.07% from the beginning of the year, while equity attributable to shareholders increased by 2.23% to 7.36 billion yuan[34] - Current assets totaled ¥7,821,418,289.70, showing a marginal increase from ¥7,806,138,826.18 in the previous period[52] - Total liabilities were reported at ¥5,417,648,906.22, down from ¥5,570,971,582.05, a decrease of about 2.7%[58] - Current liabilities totaled ¥4,957,726,263.22, a decrease from ¥5,097,953,717.50, indicating a reduction of approximately 2.8%[58] - The company's equity attributable to shareholders increased to ¥7,357,818,825.49 from ¥7,197,340,985.64, marking an increase of about 2.2%[61] Cash Flow - Net cash flow from operating activities was CNY 76,492,197.02, a significant improvement of 130.47% compared to the same period last year[19] - Cash inflows from operating activities totaled CNY 2,697,329,164.30 in Q1 2021, compared to CNY 2,058,577,314.87 in Q1 2020, marking an increase of about 31.0%[86] - Cash flow from operating activities generated a net amount of ¥76,492,197.02, a significant improvement compared to a net outflow of ¥251,014,850.89 in the previous year[90] - Cash inflow from investment activities totaled ¥5,051,090,584.50, up from ¥3,100,184,741.09, indicating a growth of approximately 62.9% year-over-year[90] - Cash outflow for investment activities was ¥5,123,928,026.10, compared to ¥3,049,258,117.94, reflecting an increase of about 67.9%[90] Shareholder Information - The total number of shareholders at the end of the reporting period was 45,583[29] - The largest shareholder, Longxin Holdings Co., Ltd., held 50.07% of the shares, with a total of 1,028,236,055 shares[29] Research and Development - Research and development expenses in Q1 2021 amounted to ¥67,839,755.47, an increase from ¥55,999,752.45 in Q1 2020, indicating a 21% rise[71] - Research and development expenses for Q1 2021 amounted to CNY 26,227,678.63, which is an increase from CNY 13,926,208.98 in Q1 2020, representing a growth of approximately 88.5%[79] Other Financial Metrics - The weighted average return on equity rose to 2.33%, an increase of 0.81 percentage points[19] - The company reported non-recurring gains and losses totaling CNY 13,263,172.27 for the period[25] - The financial expenses decreased by 52.64% to a negative 8.61 million yuan, attributed to reduced foreign exchange losses[40] - The company’s investment activities resulted in a net cash outflow of 191.57 million yuan, primarily due to increased investments in government bond reverse repos and fixed assets[46] - The company’s earnings guidance indicates continued growth in revenue and profit for the upcoming quarters, driven by expanding market share and new product launches[33]

Financial Performance - The company's operating revenue for 2020 was CNY 10,437,055,350.27, a decrease of 2.00% compared to 2019[26] - The net profit attributable to shareholders of the listed company was CNY 479,918,012.30, down 22.95% from the previous year[26] - The net profit after deducting non-recurring gains and losses was CNY 352,561,585.01, a decrease of 25.32% year-on-year[26] - Basic earnings per share decreased by 23.33% to CNY 0.23 in 2020 from CNY 0.30 in 2019[28] - The weighted average return on equity fell by 2.52 percentage points to 6.83% in 2020 compared to 9.35% in 2019[28] - The gross profit margin was 18.96%, a decrease of 4.74 percentage points year-on-year[74] - The motorcycle and engine business revenue was 5.789 billion yuan, a decline of 2.31% year-on-year, with a gross margin of 15.97%, down 3.11 percentage points[68] - Commercial generator revenue fell to 802 million RMB, down 34.29% year-on-year, with domestic sales at 685 million RMB, a decline of 29.99%[78] Cash Flow and Dividends - The net cash flow from operating activities was CNY 1,191,289,509.83, an increase of 7.68% compared to 2019[26] - The proposed cash dividend distribution is CNY 0.80 per 10 shares, totaling CNY 164,283,348.00, which accounts for 34.23% of the net profit attributable to shareholders[6] - The net cash flow from financing activities was -308,230,950.18, a decrease of 173.66% compared to the previous year[88] - The net cash inflow from operating activities was 119,128.95 million, an increase of 8,500.03 million, or 7.68% compared to the previous year[89] Revenue Breakdown - The motorcycle and engine business accounted for 55.47% of total revenue in 2020, a slight decrease of 0.17 percentage points from 2019[40] - The general machinery business saw a significant increase, contributing 27.81% to total revenue, up 7.17 percentage points from 2019[40] - Export revenue represented 61% of total revenue for the company in 2020[40] - The company sold 3.027 million general machinery products, generating revenue of 2.903 billion RMB, a year-on-year increase of 32.05%[74] Market and Industry Insights - In 2020, the motorcycle industry in China had a total sales volume of 17.07 million units, a year-on-year decrease of 0.38%, with domestic sales at 9.98 million units, down 0.32%[46] - The sales of electric motorcycles reached 2.9492 million units in 2020, showing a year-on-year growth of 28.12%[46] - The commercial generator market is valued at over $20 billion globally, with domestic demand primarily from data centers and infrastructure projects[50] - The industrial drone market is expected to grow significantly, with a projected annual growth rate of over 40% until 2025, indicating a strong market potential[142] Research and Development - The company has obtained 185 domestic patents in 2020, including 11 invention patents, bringing the total to 1,864 effective patents by year-end[56] - Research and development expenses totaled 372,001,375.91 CNY, accounting for 3.56% of total revenue, with 1,255 R&D personnel representing 14.48% of the total workforce[105] - The company plans to strengthen research and investment in smart control and energy storage technologies in response to the national carbon neutrality goals[141] Operational Efficiency and Strategy - The company has integrated over 2,600 suppliers into its digital management platform, enhancing supply chain efficiency[60] - The company is focusing on enhancing operational efficiency through digitalization and smart manufacturing processes[149] - The company plans to improve its organizational capabilities and talent development to drive performance and innovation[149] Risks and Challenges - The company faces risks related to macroeconomic changes, including the impact of the COVID-19 pandemic on export operations[154] - The company’s export revenue accounts for over 60% of total revenue, exposing it to foreign exchange risks[156] - The company is addressing potential cost risks due to fluctuations in raw material prices, including copper, steel, and aluminum[157] Corporate Governance and Compliance - The audit report for the financial statements was issued with a standard unqualified opinion by the accounting firm[5] - The company has not reported any non-operating fund occupation by controlling shareholders or related parties[8] - The company received regulatory attention from the Shanghai Stock Exchange regarding its chairman and controlling shareholder on May 11, 2020[193] Future Outlook - The company aims to achieve a revenue of 12.5 billion yuan in 2021[144] - The capital expenditure budget for 2021 is set at 649.9 million yuan, focusing on technology innovation, quality improvement, and digitalization[150] - The company plans to enhance its product development capabilities, particularly in electric motorcycles and drones, with a focus on new product launches[145]