证券代码：603789 证券简称：星光农机 公告编号：2023-047 星光农机股份有限公司 会议召开方式：网络互动 投资者可于 2023 年 9 月 14 日（星期四）至 9 月 20 日（星期三） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过 星光农机股份有限公司（以下简称"公司"）邮箱(xgnj@xg1688.com) 进行提问，公司将在说明会上对投资者普遍关注的问题进行回答。 公司已于 2023 年 8 月 30 日发布公司 2023 年半年度报告，为便 于广大投资者更全面深入地了解公司 2023 年半年度经营成果、财务 状况，公司计划于 2023 年 9 月 21 日下午 13:00-14:00 举行 2023 年 半年度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2023 年半 年度的经营成果及财务指标的具体情况与投资者进行互动交流和沟 通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者 ...

Financial Performance - The company's operating revenue for the first half of 2023 was approximately ¥108.18 million, a decrease of 39.59% compared to ¥179.06 million in the same period last year[17]. - The net profit attributable to shareholders for the first half of 2023 was approximately -¥4.87 million, compared to -¥23.10 million in the same period last year[17]. - The net cash flow from operating activities decreased by 77.08%, amounting to approximately ¥12.28 million, down from ¥53.59 million in the previous year[17]. - The weighted average return on net assets was -1.04%, an improvement from -3.78% in the same period last year[17]. - Total assets increased by 8.61% to approximately ¥1.17 billion, compared to ¥1.08 billion at the end of the previous year[17]. - The net assets attributable to shareholders decreased slightly by 0.14%, totaling approximately ¥467.32 million[17]. - The basic earnings per share for the first half of 2023 was -¥0.0187, an improvement from -¥0.0889 in the same period last year[17]. - The company reported a net profit excluding non-recurring gains and losses of approximately -¥44.56 million, compared to -¥28.68 million in the same period last year[17]. - The company achieved operating revenue of 108.18 million yuan in the first half of 2023, a decrease of 39.59% year-on-year, and a net profit attributable to shareholders of the listed company of -44.56 million yuan, down 55.37% year-on-year[38]. - The decline in sales revenue was primarily due to the impact of the "National IV" emission standards upgrade, which led many users to purchase "National III" products in advance, resulting in a preemptive demand drain for the current year[38]. Product Development and Market Strategy - The company has not disclosed any plans for new product development or market expansion in this report[6]. - The company continues to focus on the development and application of modern agricultural equipment, expanding its product range to cover six major crop types and various agricultural operations[22]. - The company is transitioning towards providing comprehensive mechanization solutions and services, particularly in the Xinjiang cotton farming sector, which is expected to increase in significance[23]. - The company maintains a production model that combines self-research, self-manufacturing, and outsourcing, ensuring high value-added core components are produced in-house[24]. - The company’s sales strategy is primarily based on a dealer buyout model, allowing for rapid market response and a complete sales system[25]. - The company plans to accelerate its transition towards large-scale, high-end, small, lightweight, and intelligent green machinery to meet user needs and promote high-quality development[28]. - The company has established a comprehensive mechanization industry chain layout, covering six major crop areas including rice, corn, wheat, cotton, rapeseed, and peanuts, with a focus on large, green, high-end, and intelligent agricultural machinery[30]. - The company is focusing on developing high-end intelligent agricultural machinery, with a strategic emphasis on cotton pickers and small machinery for hilly areas[40]. - The company is promoting new products such as intelligent three-dimensional planting machines and drones, while advancing research in high-tech areas like autonomous driving and digital monitoring[50][51]. Financial Risks and Challenges - The company faces a single revenue structure risk, with the combine harvester being the largest revenue source, indicating potential performance decline if demand decreases[64]. - Increased competition in the agricultural machinery industry is expected, with many new entrants leading to price wars and potential negative impacts on the company's future performance[65]. - Future agricultural machinery support policies may not favor the company's existing and new products, posing a risk to sales and profitability if competitors secure subsidies first[66]. - The company is at risk of not meeting product development goals due to market competition and the rapid evolution of agricultural machinery needs[67]. - Financial risks are present due to high accounts receivable and tight liquidity, which could negatively impact performance if debts are not collected on time[68]. - Fluctuations in raw material prices, particularly steel, could increase production costs and affect profitability[69]. - Inventory impairment risks exist if market conditions change, leading to unsold products and cash flow issues[70]. - A shortage of skilled talent in management, technology, and market development poses a challenge to the company's growth strategy[72]. Corporate Governance and Compliance - The company has committed to maintaining the independence of its financial and operational structures, ensuring that its assets and operations are not mixed with those of other enterprises[90]. - The company has pledged to avoid engaging in any business that competes with its subsidiary, Starlight Agricultural Machinery, during its control period[91]. - The company emphasizes compliance with market principles in its related party transactions, ensuring fairness and transparency[91]. - The company is involved in significant litigation matters, including a patent infringement case with a claim amount of RMB 20,350,000[94]. - Another patent infringement lawsuit has a claim amount of RMB 13,566,000, with the court ruling against the company[94]. - The company has faced a total of three patent infringement lawsuits during the reporting period, with varying outcomes[94]. - The company has been ordered to cease the manufacturing and selling of products infringing on patents, as per court rulings[94]. - There are no non-operational fund occupations by controlling shareholders or related parties during the reporting period[92]. - There are no significant guarantees or audit issues reported for the half-year report[92]. - The company has not faced any bankruptcy reorganization matters during the reporting period[92]. Shareholder Information - A total of 1,721.30 million shares of restricted stock were granted to 113 incentive objects at a price of 4.69 yuan per share[80]. - The total number of common shareholders as of the end of the reporting period is 22,321[112]. - The largest shareholder, Huzhou New Home Investment Management Co., Ltd., holds 46,738,250 shares, accounting for 16.87% of total shares[113]. - Zhejiang Green Pulse Yicheng Technology Development Co., Ltd. holds 44,149,832 shares, representing 15.93% of total shares, with 11,800,000 shares pledged[113]. - The top ten shareholders collectively hold significant stakes, with the largest three shareholders controlling approximately 41.35% of the company[113]. - The company has implemented a three-phase unlocking plan for restricted stock, with 40% unlocking after 12 months, 30% after 24 months, and the final 30% after 36 months[111]. Research and Development - The company has a strong product design and R&D capability, with a management team that actively engages with users to improve product functionality and quality based on user feedback[31]. - The company is committed to continuous innovation and has established a provincial-level key agricultural enterprise research institute, participating in the formulation of several national standards[33]. - Research and development expenses for the first half of 2023 were CNY 13,836,509.43, slightly up from CNY 13,320,370.98 in the first half of 2022[132]. Corporate Social Responsibility - The company has been participating in student scholarship programs since 2011, providing financial support to outstanding impoverished university students, thereby alleviating their families' financial burdens[87]. - The company has established the "Starlight Charity Fund" through the Huzhou Nanxun District Charity Association to assist impoverished students and families, and has invested in rural infrastructure improvements[88]. - The company aims to build a modern agricultural model that integrates the primary, secondary, and tertiary industries, promoting sustainable agricultural development and increasing farmers' income[88]. - The company is focused on achieving standardized production, full mechanization, digital management, and organic farming practices in its agricultural operations[88]. Asset Management - The company has restricted assets totaling $140.79 million, including bank acceptance bill guarantees and mortgaged fixed assets[56]. - The company has completed the sale of a 100-acre land use right and buildings for a transaction price between $11 million and $13.5 million[59]. - The company has also agreed to transfer land use rights and buildings in Huzhou for a price of approximately $2.23 million, restructuring previous debt[60]. - The company completed the disposal of 59.20 acres of undeveloped land, generating asset disposal income of 19.42 million yuan[39]. Financial Statements and Accounting Policies - The financial statements are prepared based on the principle of ongoing concern, reflecting the company's financial status accurately[159]. - The company prepares consolidated financial statements based on the financial statements of the parent and its subsidiaries, in accordance with the relevant accounting standards[168]. - Financial instruments are recognized when the company becomes a party to the financial instrument contract, with subsequent measurement based on the classification of the financial asset[173]. - The company measures cash equivalents as short-term, highly liquid investments that are easily convertible to known amounts of cash[171]. - The company recognizes expected credit losses based on the original effective interest rate discounted cash flows, considering all reasonable and supportable information[177].

星光农机股份有限公司 第四届董事会第二十次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：603789 证券简称：星光农机 公告编号：2023-043 同意对外报出《星光农机股份有限公司 2023 年半年度报告》和《星光农机 股份有限公司 2023 年半年度报告摘要》。具体内容详见上海证券交易所网站 （www.sse.com.cn）。 表决结果：同意票 9 票、反对票 0 票、弃权票 0 票。 （二）关于对子公司增资的议案 为进一步整合公司资源，优化治理结构，提升管理决策效率，降低运营成本， 同意公司向全资子公司星光股权投资（湖州）有限公司（以下简称"星光股权"） 增资 1.075 亿元。本次增资完成后，星光股权注册资本由 150 万元增加至 1.090 亿元，股权结构不变。 具体内容详见公司同日于上海证券交易所网站（www.sse.com.cn)披露的《关 于对子公司增资的公告》（公告编号：2023-044）。 表决结果：同意票 9 票、反对票 0 票、弃权票 0 票。 一、董事会会议召开情况 星光农 ...

证券代码：603789 证券简称：星光农机 公告编号：2023-044 星光农机股份有限公司 关于对子公司增资的公告 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法律责任。 重要内容提示： 增资标的的名称：星光股权投资（湖州）有限公司（以下简称"星光股权" 或目标公司）。 增资金额：1.075 亿元人民币。 本次增资款用于后续星光股权完成对星光农业、星光河南、星光鼎日的股权收购， 股权转让前公司对星光农业、星光河南、星光鼎日的出资和持股情况及星光股权收购 星光农业、星光河南、星光鼎日的拟出资金额如下： 星光股权对星光农业、星光河南、星光鼎日的股权收购前后，股权结构变化情况 如下： 股权收购前： 股权收购后： 100% 25.70% 99.90% 100% 星光农机 星光河南 星光农业 星光鼎日 星光股权 星光农机 星光股权 星光河南 星光农业 星光鼎日 100% 100% 25.70% 99.90% 风险提示：本次增资是星光农机股份有限公司（以下简称"公司"或"星光 农机"）整合产业资源和战略布局的需要，用于全资子公司星光股权收购公司 ...

证券代码：603789 证券简称：星光农机 公告编号：2023-045 星光农机股份有限公司 关于会计政策变更的公告 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法律责任。 重要内容提示： 公司自 2023 年 1 月 1 日起开始执行《准则解释第 16 号》。 （三）变更前后采用的会计准则 1.本次会计政策变更前，公司执行财政部发布的《企业会计准则—基本准则》 和各项具体会计准则、企业会计准则应用指南、企业会计准则解释公告以及其他 相关规定。 2.本次会计政策变更后，公司对于不是企业合并、交易发生时既不影响会计 利润也不影响应纳税所得额（或可抵扣亏损）、且初始确认的资产和负债导致产生 本次会计政策变更是星光农机股份有限公司（以下简称"公司"）根据 财政部发布的企业会计准则解释进行的相应变更，不会对公司财务状况、经营 成果、现金流量产生重大影响。 一、会计政策变更概述 （一）会计政策变更的原因 2022 年 11 月 30 日，财政部发布的《企业会计准则解释第 16 号》（财会〔2022〕 31 号）（以下简称《准则解释第 16 号》 ...

上海市通力律师事务所 关于星光农机股份有限公司 2023 年第四次临时股东大会的法律意见书 致:星光农机股份有限公司 上海市通力律师事务所(以下简称"本所")接受星光农机股份有限公司(以下简称"公 司")的委托,指派本所张嘉琦律师、沈瑶律师(以下简称"本所律师")根据《中华人民共和 国公司法》《中华人民共和国证券法》《上市公司股东大会规则》等法律法规和规范性文件(以 下统称"法律法规")及《星光农机股份有限公司章程》(以下简称"公司章程")的规定就 公司 2023年第四次临时股东大会(以下简称"本次股东大会")相关事宜出具法律意见。 本所律师已经对公司提供的与本次股东大会有关的法律文件及其他文件、资料予以了 核查、验证。在进行核查验证过程中,公司已向本所保证,公司提供予本所之文件中的所有 签署、盖章及印章都是真实的,所有作为正本提交给本所的文件都是真实、准确、完整和有 效的,目文件材料为副本或复印件的,其与原件一致和相符。 在本法律意见书中,本所仅对本次股东大会召集和召开的程序、出席本次股东大会人员 资格和召集人资格及表决程序、表决结果是否符合法律法规和公司章程的规定发表意见,并 不对本次股东大会所审议的议案 ...

(四) 表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 证券代码：603789 证券简称：星光农机 公告编号：2023-042 星光农机股份有限公司 2023 年第四次临时股东大会决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 5 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 60,763,532 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 21.9269 | 本次股东大会由公司董事会召集，董事长何德军先生主持，会议采取现场投 票和网络投票相结合的表决方式。本次股东大会的召集、召开、决策程序，符合 《公司法》及《公司章程》的规定。 (一) 股东大会召开的时间：2023 年 8 月 11 日 (二) 股东大会召开的地点：浙江省湖州市和孚镇星光大街 1699 号公司会议室 (三) 出席会议的普通股股东 ...

Financial Performance - In 2022, the company's operating revenue was CNY 243.91 million, a decrease of 39.30% compared to CNY 401.85 million in 2021[21] - The net profit attributable to shareholders was a loss of CNY 158.78 million, improving from a loss of CNY 185.46 million in 2021[21] - The company's total assets decreased by 19.23% to CNY 1.08 billion at the end of 2022, down from CNY 1.33 billion in 2021[21] - The basic earnings per share for 2022 was -CNY 0.6107, compared to -CNY 0.7133 in 2021[22] - The weighted average return on equity was -29.08% in 2022, compared to -26.45% in 2021[23] - The company reported a cash flow from operating activities of -CNY 15.98 million, a decline of 163.49% from CNY 25.17 million in 2021[21] - The company's operating costs for 2022 were CNY 250.35 million, down 39.32% from CNY 412.60 million in the previous year[52] - The company's total revenue for 2022 was 23,309.68 million, a decrease of 40.58% compared to the previous year[55] - The net cash flow from operating activities was negative CNY 15.98 million, a decline of 163.49% from a positive CNY 25.17 million in the previous year[52] - The company reported a net loss of ¥403,105,949.86 for the year, compared to a loss of ¥244,415,665.37 in the previous year, indicating a worsening of approximately 64.9%[187] Market and Industry Challenges - The company has indicated potential risks in its industry and market environment, which investors should be aware of[6] - The company faced challenges from the global food supply crisis and increased competition, impacting overall performance and market share[30] - The agricultural machinery industry in China faces challenges such as reliance on imports for key technologies and components, with a need for higher mechanization levels in southern regions[38] - Increased competition in the agricultural machinery market poses a risk, as new entrants may lead to price wars and affect the company's market position[81] - The company faces risks related to raw material price fluctuations, particularly steel, which could increase production costs and impact profitability if prices rise[86] Product Development and Innovation - New product developments included the launch of unmanned driving hydraulic tillers and plant protection drones, with ongoing research into electric and hydrogen-powered agricultural machinery[34] - The company is focusing on developing differentiated products such as runway facilities, recycling fertilizer facilities, and seedling production lines to create new profit growth points[35] - The company plans to enhance research and development in high-end, green, and intelligent agricultural machinery, focusing on user demand and structural market opportunities[72] - The company is committed to developing new products in the fields of unmanned driving and green power, with a focus on high-tech content and added value[72] - Research and development expenses increased by 4.47% to CNY 33.71 million in 2022, compared to CNY 32.27 million in the previous year[52] Operational Efficiency and Cost Management - The company aims to enhance operational performance by focusing on cost control, channel management, product and supply chain optimization, and technological advancements[73] - The company has reduced sales expenses by 7.97% to CNY 36.40 million in 2022, reflecting cost-saving measures due to decreased sales volume[52] - The company is establishing a manufacturing base in Central China to reduce operational costs, particularly in logistics and supply chain, while enhancing sales and service in the Xinjiang region[36] - The company aims to optimize service processes and enhance service capabilities, successfully being selected as a model for service-oriented manufacturing by the Ministry of Industry and Information Technology[49] Governance and Management Changes - The company appointed He Dejun as the new chairman on October 26, 2022, following the resignation of Xu Minsheng[99] - The company reported a significant management change with the resignation of several key personnel, including the vice president Qian Juping on January 10, 2023[99] - The company emphasizes the importance of maintaining strong governance through its board and supervisory committee[100] - The company has established a performance evaluation and incentive mechanism for directors, supervisors, and senior management to ensure transparency and compliance with legal regulations[93] Shareholder and Financial Structure - The company has established a cash dividend policy, committing to distribute no less than 30% of the distributable profits each year[122] - Due to a loss in 2022 and negative retained earnings, the company will not distribute profits or increase capital reserves for the year[123] - The total number of common shareholders as of the end of the reporting period is 24,773, an increase from 24,183 at the end of the previous month[157] - The controlling shareholder is Zhejiang Green Pulse Yicheng Technology Development Co., Ltd., which was established on August 6, 2020[161] Legal and Compliance Issues - The company is involved in significant litigation matters, with claims totaling RMB 20.35 million related to patent infringement against Jiangsu Wode Agricultural Machinery Co., Ltd. and others[143] - The total amount involved in litigation cases reported is RMB 35.916 million, indicating a substantial legal exposure for the company[143][144] - The company has not reported any significant internal control deficiencies during the reporting period[126] - The company has implemented a system for managing insider information to comply with legal requirements and ensure confidentiality[93]

证券代码：603789 证券简称：星光农机 公告编号：2023-027 星光农机股份有限公司 关于召开 2022 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 5 月 31 日（星期三）下午 13:00-14:00 会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） 二、 说明会召开的时间、地点 公司已于 2023 年 4 月 28 日发布公司 2022 年年度报告，为便于 广大投资者更全面深入地了解公司 2022 年度经营成果、财务状况， 公司计划于 2023 年 5 月 31 日下午 13:00-14:00 举行 2022 年度业绩 说明会，就投资者关心的问题进行交流。 会议召开方式：网络互动 投资者可于 2023 年 5 月 24 日（星期三）至 5 月 30 日（星期二） 16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过 星光农机股份有限公司（以下简称"公司"）邮箱(xgnj@ ...

Financial Performance - In 2022, the company's operating revenue was approximately ¥243.91 million, a decrease of 39.30% compared to ¥401.85 million in 2021[22]. - The net profit attributable to shareholders was a loss of approximately ¥158.78 million, an improvement from a loss of ¥185.46 million in 2021[22]. - The company's total assets decreased by 19.23% to approximately ¥1.08 billion from ¥1.33 billion in 2021[22]. - The basic earnings per share for 2022 was -¥0.6107, compared to -¥0.7133 in 2021[23]. - The weighted average return on equity was -29.08% in 2022, compared to -26.45% in 2021[24]. - The company reported a cash flow from operating activities of -¥15.98 million, a significant decline of 163.49% from ¥25.17 million in 2021[22]. - The company’s net assets attributable to shareholders decreased by 24.29% to approximately ¥467.99 million from ¥618.14 million in 2021[22]. - The company reported a net profit loss of CNY 158.78 million for the year, attributed to high fixed costs and increased bad debt provisions on accounts receivable[32]. - The company reported a net loss of CNY 403,105,949.86 in 2022, compared to a loss of CNY 244,415,665.37 in 2021, indicating a worsening financial performance[191]. - The total profit (loss) for 2022 was ¥-146,807,530.59, an improvement from ¥-182,265,512.24 in 2021, marking a reduction of 19.4%[199]. Revenue and Sales - The company achieved an annual revenue of CNY 243.91 million in 2022, a decrease of 39.30% compared to the previous year, primarily due to logistics disruptions and reduced market demand[32]. - Sales revenue from combined rice and wheat harvesters was CNY 115 million, down 52.04% year-on-year, while baler sales revenue was CNY 53.16 million, a decline of 14.05%[32]. - In Q1 2022, the company reported a revenue of CNY 66.34 million, which increased to CNY 112.73 million in Q2, but fell to CNY 76.22 million in Q3, and recorded a loss of CNY 11.37 million in Q4[25]. - The sales volume of the combine harvester was 1,500 units, a decline of 52.68%, while the sales of the baler decreased by 25.16% to 723 units, primarily due to reduced demand during the reporting period[58]. Cost Management - The company's operating costs for 2022 were CNY 250.35 million, down 39.32% from CNY 412.60 million in the previous year[53]. - The company focused on cost reduction and efficiency improvement, achieving a reduction in accounts receivable by CNY 125.82 million during the reporting period[33]. - The total operating costs for 2022 were CNY 371,693,477.20, down 31.7% from CNY 545,057,883.00 in 2021[195]. Research and Development - Research and development expenses increased by 4.47% to CNY 33.71 million in 2022, compared to CNY 32.27 million in the previous year[53]. - The company is actively researching and promoting mechanization solutions tailored for hilly and mountainous areas, including lightweight tracked tractors and tillers[35]. - The company is focusing on developing differentiated products such as runway facilities and recycling fertilizer facilities to create new profit growth points[36]. - The company plans to enhance R&D in large, green, high-end, and intelligent agricultural machinery to meet market demands[73]. Market Expansion and Strategy - The company expanded its market presence by developing new distributors in countries such as Peru, Mauritania, and Bangladesh, and added sales regions including Papua New Guinea and Guatemala[34]. - The company aims to complete its production and sales targets for 2023 while improving operational efficiency and profitability[38]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with a combined revenue of 500 million[98]. - Market expansion plans include entering three new international markets by the end of 2023[98]. Governance and Management - The company adheres to strict governance practices, ensuring compliance with laws and regulations, and maintaining the independence of its board and management[93]. - The company has established a performance evaluation and incentive mechanism for its directors and senior management to enhance accountability and transparency[94]. - The company has a unique corporate culture that emphasizes customer value creation, fostering a cohesive and innovative work environment[51]. - The company has appointed new directors and supervisors, including He Dejun as chairman and Qian Jun as supervisor, following the resignation of previous members due to work changes[108]. Risks and Challenges - The company has identified various industry and market risks in its report, urging investors to pay attention[7]. - Financial risks are present due to high accounts receivable and tight liquidity, which could negatively impact the company's performance if cash recovery is delayed[86]. - The company faces risks related to a single revenue structure, increased market competition, and potential changes in macro policies affecting agricultural machinery subsidies[82][83][84]. - The agricultural machinery industry in China faces challenges such as reliance on imports for key technologies and uneven development across regions[39]. Sustainability Initiatives - The management emphasized the importance of sustainability initiatives, with a commitment to reduce carbon emissions by 20% over the next five years[98]. - The company invested 13.33 million yuan in environmental protection during the reporting period[132]. - The company established an investment fund to invest in Hunan Biye Biotechnology Co., focusing on fertilizer production and related machinery, promoting a zero-emission ecological circular economy model[135]. Legal Matters - There are significant litigation matters, including a patent infringement case with a claim amount of RMB 20,350 million[146]. - The company is actively involved in legal actions to protect its intellectual property rights[146]. - The company reported a total of 1 billion RMB in economic losses and reasonable expenses for legal rights protection due to patent infringement claims[147]. Employee and Talent Management - The company has a total of 496 employees, with 297 in the parent company and 199 in major subsidiaries[119]. - The company emphasizes employee training and development, integrating corporate goals with employee career needs[122]. - There is a significant demand for various types of talent, including management and technical roles, which poses a challenge to the company's growth if not addressed[91].