证券代码：603950 证券简称：长源东谷 公告编号：2023-024 襄阳长源东谷实业股份有限公司 关于2023年上半年度募集资金存放与使用情况的专项报告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、募集资金基本情况 经中国证券监督管理委员会《关于核准襄阳长源东谷实业股份有限公司首次 公开发行股票的批复》（证监许可[2020]564 号）核准，公司向社会公开发行人 民币普通股股票（A 股）5,788.05 万股，每股发行价格为 15.81 元，募集资金总 额为人民币 915,090,705.00 元，扣除各项发行费用，实际募集资金净额为人民 币 883,527,029.52 元。中审众环会计师事务所（特殊普通合伙）对公司上述资 金到位情况进行了审验，并于 2020 年 5 月 20 日出具了"众环验字[2020]170004 号"验资报告。公司及相关子公司已按规定对募集资金进行了专户储存管理，并 与保荐机构、开户银行签订了募集资金监管协议。 2023 年上半年（以下简称"本报告期"）公司募集资金实际使用情况如下 ...

本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带责任。 一、监事会会议召开的情况 （一）襄阳长源东谷实业股份有限公司（以下简称"公司"）第四届监事会 第十七次会议（以下简称"本次会议"）的召开符合有关法律、行政法规、部门 规章、规范性文件和公司章程的规定。 证券代码：603950 证券简称：长源东谷 公告编号：2023-023 襄阳长源东谷实业股份有限公司 第四届监事会第十七次会议决议公告 （二）公司于 2023 年 8 月 15 日以电子邮件的形式发出本次会议通知和材 料。 （三）公司于 2023 年 8 月 25 日以现场表决方式在公司 1 号会议室召开本次 会议。 （四）本次监事会应出席监事 3 人，实际出席会议的监事 3 人。 （五）本次会议由监事会主席王玲玲主持。公司董事会秘书列席了本次会议。 二、监事会会议审议情况 经与会监事审议，通过如下议案： 议案 1：审议《关于公司 2023 年半年度报告的议案》 监事会对公司 2023 年半年度报告及其摘要进行了审核，并出具如下审核意 见： （1）公司 2023 年半年度报告 ...

证券代码：603950 证券简称：长源东谷 公告编号：2023-019 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。 为便于广大投资者更全面深入地了解襄阳长源东谷实业股份有限公司（以下 简称"公司"）的经营成果、财务状况、发展规划等投资者所关心的问题，加强 公司与投资者之间的沟通交流，公司将参加由湖北证监局、湖北省上市公司协会 与深圳市全景网络有限公司联合举办的"2023 年湖北辖区上市公司投资者网上 集体接待日"主题活动，现将相关事项公告如下： 本次集体接待日活动将通过深圳全景网络有限公司提供的网上平台，采取线 上形式举办。投资者可以登录"全景路演"网站（http://rs.p5w.net/）参与公司本 次投资者网上集体接待日活动。活动时间为 2023 年 5 月 25 日（星期四）14:30 至 16:35。 出席本次集体接待日的人员有：公司董事、总经理李从容女士，董事会秘书 刘网成先生，财务总监王红云女士。欢迎广大投资者积极参与。 特此公告。 襄阳长源东谷实业股份有限公司 董事会 2023 年 5 月 23 日 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 403,368,369.32, representing a year-on-year increase of 17.40%[5] - The net profit attributable to shareholders for the same period was CNY 65,641,105.43, reflecting a growth of 21.24% compared to the previous year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 53,480,119.40, which is an increase of 26.78% year-on-year[5] - The basic earnings per share for Q1 2023 was CNY 0.28, up by 19.51% year-on-year[6] - The net profit for Q1 2023 was CNY 66,041,690.46, an increase of 21.5% compared to CNY 54,449,526.11 in Q1 2022[19] - The basic and diluted earnings per share for Q1 2023 were CNY 0.28, up from CNY 0.24 in Q1 2022, representing a 16.67% increase[19] - The total comprehensive income for Q1 2023 was CNY 66,770,944.11, compared to CNY 55,232,470.93 in Q1 2022, reflecting a growth of 20.5%[19] Cash Flow and Liquidity - The net cash flow from operating activities was CNY 109,206,925.30, showing a decrease of 7.20% compared to the same period last year[6] - Cash flow from operating activities for Q1 2023 was CNY 109,206,925.30, a decrease of 7.5% from CNY 117,678,013.91 in Q1 2022[22] - The total cash and cash equivalents at the end of Q1 2023 reached CNY 981,627,762.31, an increase from CNY 645,649,905.77 at the end of Q1 2022[23] - Cash received from sales of goods and services in Q1 2023 was CNY 214,993,741.22, down from CNY 232,528,672.39 in Q1 2022, indicating a decline of 7.5%[22] - The cash outflow for investing activities in Q1 2023 was CNY 105,089,232.66, significantly higher than CNY 42,454,487.70 in Q1 2022[23] - Total cash inflow from financing activities in Q1 2023 was CNY 432,050,000.00, with a net cash flow of CNY 429,971,310.57, compared to a net outflow of CNY 5,479,000.00 in Q1 2022[23] Assets and Liabilities - The total assets at the end of the reporting period were CNY 4,469,037,818.97, an increase of 16.39% from the end of the previous year[6] - Total assets as of March 31, 2023, amounted to ¥4,469,037,818.97, up from ¥3,839,853,765.60 at the end of 2022, a growth of 16.4%[16] - Total liabilities increased to ¥2,121,616,352.62 from ¥1,559,603,661.83, reflecting a rise of 36%[16] - Non-current assets totaled ¥2,072,762,507.01, slightly up from ¥2,047,839,099.22, indicating a 1.2% increase[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 10,541[10] - Major shareholder Li Zuoyuan holds 40.72% of the shares, amounting to 94,274,428 shares[10] Government Subsidies and Expenses - The company received government subsidies amounting to CNY 11,571,943.69, which are closely related to its normal business operations[7] - The tax expenses for Q1 2023 were CNY 6,492,119.68, a decrease from CNY 9,490,669.34 in Q1 2022, showing a reduction of 31.5%[19] - Research and development expenses decreased to ¥12,342,448.32 in Q1 2023 from ¥14,399,269.29 in Q1 2022, a reduction of 14.3%[18]

Financial Performance - In 2022, the company's operating revenue was CNY 111,604.34 million, a decrease of 29.43% compared to CNY 158,154.48 million in 2021[23]. - The net profit attributable to shareholders was CNY 10,005.79 million, down 59.88% from CNY 24,941.23 million in the previous year[23]. - The net profit after deducting non-recurring gains and losses was CNY 5,973.53 million, a decline of 73.48% compared to CNY 22,527.93 million in 2021[23]. - The net cash flow from operating activities was CNY 28,853.96 million, a decrease of 54.30% from CNY 63,138.26 million in 2021[24]. - The company's basic earnings per share decreased by 60.19% to CNY 0.43 in 2022 from CNY 1.08 in 2021[25]. - The weighted average return on equity dropped to 4.47% in 2022, down 7.25 percentage points from 11.72% in 2021[25]. - The total sales volume of commercial vehicles in China fell by 31% in 2022, with heavy truck sales declining by 52% to 672,000 units from 1,395,000 units in 2021[34]. - The net profit attributable to shareholders for the fourth quarter was CNY 10,049,434, a significant decrease compared to previous quarters[27]. Assets and Liabilities - The total assets at the end of 2022 were CNY 383,985.38 million, an increase of 4.03% from CNY 369,110.17 million at the end of 2021[24]. - The net assets attributable to shareholders were CNY 225,375.62 million, showing a slight increase of 0.01% from CNY 225,343.94 million in 2021[24]. - The company's total liabilities reached RMB 1,073,238,252.29, compared to RMB 722,969,432.49 in 2021, reflecting a significant increase of about 48.5%[200]. - The company reported a total equity of RMB 2,766,615,513.31, up from RMB 2,968,132,243.79 in the previous year, which is a decrease of approximately 6.8%[200]. Dividends and Profit Distribution - The company will not distribute cash dividends or issue bonus shares for the 2022 fiscal year, opting instead to increase capital reserves by 4 shares for every 10 shares held[5]. - The company's profit distribution policy emphasizes reasonable returns to investors, with a minimum cash dividend ratio of 15% of distributable profits if conditions are met[126]. - The company has not proposed a cash profit distribution plan for the reporting period despite positive distributable profits, citing the need for funds for business development and new projects[131]. - The company aims to maintain a balance between cash dividends and necessary capital reserves for operational and strategic needs[132]. Market and Industry Trends - The company experienced a decrease in customer orders due to the ongoing impact of the Russia-Ukraine conflict and economic slowdown[25]. - The heavy truck market saw a significant decline, with sales dropping 52% to 672,000 units compared to 1,395,000 units in the previous year[39]. - The commercial vehicle market in China faced challenges, with total sales down 31% to 3.3005 million units in 2022[38]. - The company anticipates that traditional fuel internal combustion engines will maintain a significant market presence for an extended period, particularly in freight and non-road machinery[88]. Research and Development - The company has increased R&D investment to enhance product competitiveness and has implemented cost reduction initiatives[36][37]. - The company invested ¥54,665,187.68 in R&D, accounting for 4.9% of total revenue, with no capitalized R&D expenditures[63]. - The company is focused on developing core components for engines, which require extensive testing and validation processes that can take over two years[86]. - The company plans to enhance its market share in the diesel engine sector while actively promoting projects related to new energy hybrid vehicle components and automotive electronics[91]. Governance and Management - The company has established a remuneration decision-making process for directors and senior management based on performance assessments[111]. - The company has a structured approach to managing external financial assistance and guarantees[113]. - The company has a robust governance framework in place, ensuring effective operation of the shareholders' meeting, board of directors, and supervisory board[141]. - The internal control system was continuously improved, ensuring compliance with regulations and enhancing decision-making efficiency, with no significant deficiencies reported during the period[137][139]. Environmental Initiatives - The company invested approximately 5.85 million yuan in environmental protection initiatives during the reporting period[143]. - The company implemented carbon reduction measures, including the use of clean energy for power generation, to lower energy consumption and improve environmental performance[145]. - There were no instances of administrative penalties related to environmental issues during the reporting period[144]. Future Outlook - The outlook for 2023 is optimistic, with expectations for a steady recovery in the automotive market driven by government policies[40]. - The company anticipates a recovery in the automotive market in 2023, driven by national policies aimed at boosting market confidence and demand[91].

襄阳长源东谷实业股份有限公司 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个别及连带责任。 重要内容提示： 襄阳长源东谷实业股份有限公司（以下简称"公司"）已于 2023 年 3 月 30 日在上海证券交易所网站（www.sse.com.cn）披露了公司 2022 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 4 月 7 日下午 16:00-17:00 召开 2022 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 本次业绩说明会以网络互动形式召开，公司将针对 2022 年度的经营成果及 证券代码：603950 证券简称：长源东谷 公告编号：2023-014 会议召开时间：2023 年 4 月 7 日(星期五) 下午 16:00-17:00 会议召开地点： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http://roadshow.sseinfo.com/）。 会议召开方式：上证路演中心网 ...

Financial Performance - Revenue for Q3 2022 was CNY 258,389,047.29, a decrease of 19.16% compared to the previous quarter and a decline of 36.57% year-to-date[6]. - Net profit attributable to shareholders for Q3 2022 was CNY 11,680,146.60, down 52.04% from the previous quarter and down 58.95% year-to-date[6]. - Basic earnings per share for Q3 2022 was CNY 0.05, reflecting a decrease of 52.04% compared to the previous quarter[6]. - Total operating revenue for the first three quarters of 2022 was CNY 814,732,938.45, a decrease of 36.5% compared to CNY 1,284,528,261.57 in the same period of 2021[17]. - Net profit for the first three quarters of 2022 was CNY 90,475,299.34, a decline of 59.1% from CNY 221,530,488.26 in the same period of 2021[18]. - The company reported a total profit of CNY 111,199,527.90 for the first three quarters of 2022, down 57.7% from CNY 262,481,602.91 in the same period of 2021[18]. - Basic and diluted earnings per share for the first three quarters of 2022 were both CNY 0.39, compared to CNY 0.95 in the same period of 2021[19]. Cash Flow - The company reported a net cash flow from operating activities of CNY 272,361,724.80, down 24.66% year-to-date[6]. - Cash flow from operating activities for the first three quarters of 2022 was CNY 564,186,299.52, a decrease of 52.3% from CNY 1,183,165,981.12 in the same period of 2021[22]. - Net cash inflow from operating activities was CNY 272,361,724.80, a decrease from CNY 361,530,810.52 in the previous period, reflecting a decline of approximately 24.7%[23]. - The company reported a cash inflow from operating activities of CNY 876,475,024.32, down from CNY 1,438,768,786.98, a decrease of about 39.2%[23]. - Total cash inflow from investment activities was CNY 63,571,000.00, compared to CNY 39,690,060.03 in the previous period, indicating an increase of about 60.1%[23]. - Cash outflow from investment activities totaled CNY 167,074,990.14, down from CNY 416,927,907.14, representing a decrease of approximately 60%[23]. - Net cash flow from financing activities was negative CNY 122,451,502.88, contrasting with a positive inflow of CNY 17,712,695.54 in the previous period[24]. - Total cash outflow for financing activities was CNY 160,251,502.88, compared to CNY 72,287,304.46 in the previous period, indicating an increase of approximately 121.5%[24]. Assets and Liabilities - Total assets at the end of Q3 2022 were CNY 3,676,246,661.60, a slight decrease of 0.40% from the end of the previous year[6]. - As of September 30, 2022, the company's total assets amounted to CNY 3,676,246,661.60, a slight decrease from CNY 3,691,101,676.28 at the end of 2021[14]. - The company's equity attributable to shareholders was CNY 2,242,959,735.40, down from CNY 2,253,439,389.74, reflecting a decrease of approximately 0.5%[16]. - Total liabilities decreased slightly to CNY 1,413,438,647.95 from CNY 1,423,559,140.70, a reduction of about 0.8%[16]. - Short-term borrowings and other current liabilities were not detailed, but the total current liabilities decreased to CNY 617,875,896.58 from CNY 722,969,432.49, a decline of about 14.5%[16]. Shareholder Information - The company had a total of 16,255 common shareholders at the end of the reporting period[12]. - The top shareholder, Li Zuoyuan, held 40.72% of the shares, totaling 94,274,428 shares[12]. Operational Insights - The decline in revenue and profit was attributed to a downturn in the industry and a decrease in customer orders[9]. - The company is focusing on enhancing its cash position and managing receivables effectively to support future growth initiatives[14]. - Research and development expenses for the first three quarters of 2022 were CNY 39,569,893.69, a decrease of 40.8% compared to CNY 66,816,428.93 in the same period of 2021[17]. - The company experienced a decrease in sales expenses, which were CNY 4,074,058.48 for the first three quarters of 2022, down from CNY 31,658,694.78 in the same period of 2021[17]. - The company recorded other income of CNY 21,046,002.18 in the first three quarters of 2022, an increase from CNY 6,568,219.80 in the same period of 2021[17].

Financial Performance - The company's operating revenue for the first half of 2022 was ¥556,343,891.16, a decrease of 42.34% compared to ¥964,898,188.41 in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2022 was ¥78,328,287.87, down 59.81% from ¥194,892,768.15 in the previous year[19]. - The net profit after deducting non-recurring gains and losses was ¥60,809,116.58, a decline of 68.06% compared to ¥190,379,918.03 in the same period last year[19]. - The net cash flow from operating activities was ¥218,521,635.44, which is a decrease of 15.54% from ¥258,728,969.00 in the previous year[19]. - The total assets at the end of the reporting period were ¥3,606,751,372.91, down 2.29% from ¥3,691,101,676.28 at the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were ¥2,230,837,045.60, a decrease of 1.00% from ¥2,253,439,389.74 at the end of the previous year[19]. - Basic earnings per share for the first half of 2022 were ¥0.34, a decrease of 59.52% from ¥0.84 in the same period last year[20]. - The weighted average return on net assets was 3.42%, down 5.85 percentage points from 9.27% in the previous year[20]. Cash Flow and Investments - The company's cash flow from operating activities was ¥218,521,635.44, a decline of 15.54% compared to the previous year[34]. - The company's cash and cash equivalents decreased from ¥613,759,553.47 to ¥610,789,262.11, a decline of approximately 0.32%[80]. - Cash received from sales of goods and services was approximately ¥436.75 million, a significant decrease of 47.2% compared to ¥825.96 million in the same period of 2021[92]. - Cash outflow from investing activities amounted to CNY 62,627,410.91, a significant reduction from CNY 214,044,114.76 in the prior period[93]. - Cash flow from financing activities resulted in a net outflow of CNY 150,240,003.84, contrasting with a net inflow of CNY 35,577,292.05 in the same period last year[94]. Market and Industry Context - In the first half of 2022, the domestic commercial vehicle market sold 1.7018 million units, a 41% decrease from 2.8936 million units in the same period last year[26]. - Diesel vehicles accounted for approximately 62.89% of the commercial vehicle market share in the first half of 2022[27]. - The company faced risks related to the cyclical fluctuations in the automotive industry, which significantly impact its revenue[50]. Research and Development - The company’s R&D has led to successful innovations in core technologies, including flexible production lines for cylinder heads and offset designs for cylinder bores[29]. - Research and development expenses fell by 42.77% to ¥23,613,876.99 due to project delays caused by the pandemic[35]. - The company's research and development expenses for the first half of 2022 were approximately ¥12.48 million, a decrease of 30.9% from ¥18.09 million in the first half of 2021[90]. Corporate Governance and Shareholder Information - The company plans not to distribute cash dividends or bonus shares during this reporting period[4]. - As of the end of the reporting period, the total number of ordinary shareholders was 15,607[68]. - The largest shareholder, Li Zuoyuan, holds 94,274,428 shares, accounting for 40.72% of the total shares[70]. - The company has not disclosed any significant related party transactions or changes in major contracts during the reporting period[65]. Assets and Liabilities - The company's total assets included cash and cash equivalents of ¥610,789,262.11, accounting for 16.93% of total assets[38]. - The company's total liabilities decreased from ¥1,423,559,140.70 to ¥1,356,095,659.25, a reduction of approximately 4.73%[82]. - The company's total equity decreased from ¥2,267,542,535.58 to ¥2,250,655,713.66, a decline of about 0.74%[82]. Compliance and Reporting - The company’s financial statements are prepared based on the going concern assumption, adhering to the relevant accounting standards[122]. - The company adheres to the accounting standards, ensuring that the financial statements accurately reflect the financial position as of June 30, 2022, and the operating results for the first half of 2022[125]. - The company did not report any changes in accounting policies or prior period error corrections during the current reporting period[114]. Future Outlook - The company’s future outlook remains cautious due to the recent financial performance and market conditions[106].

Financial Performance - The company's operating revenue for Q1 2022 was CNY 343,590,475.73, representing a decrease of 32.41% compared to the same period last year[5] - The net profit attributable to shareholders was CNY 54,142,532.03, down 47.22% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 42,182,782.14, a decline of 58.37% compared to the previous year[5] - The basic earnings per share (EPS) was CNY 0.24, reflecting a decrease of 45.45% year-on-year[6] - The weighted average return on equity (ROE) was 2.37%, down 2.62% from the previous year[6] - The decline in revenue and profit was attributed to the impact of the National VI emission upgrade and the downturn in industry demand due to domestic and international pandemic effects and economic slowdown[8] - Total operating revenue for Q1 2022 was CNY 343,590,475.73, a decrease of 32.4% compared to CNY 508,373,463.98 in Q1 2021[17] - Net profit for Q1 2022 was CNY 54,449,526.11, a decline of 47.4% from CNY 103,351,121.02 in Q1 2021[18] - Earnings per share for Q1 2022 were CNY 0.24, compared to CNY 0.44 in Q1 2021[19] - The company's operating profit for Q1 2022 was CNY 29,989,565.33, a decrease from CNY 68,796,820.99 in Q1 2021, representing a decline of approximately 56.4%[28] - The net profit for Q1 2022 was CNY 25,673,314.10, down from CNY 59,227,404.55 in Q1 2021, indicating a decrease of about 56.7%[28] Assets and Liabilities - The total assets at the end of the reporting period were CNY 3,834,110,014.86, an increase of 3.87% from the end of the previous year[6] - The total liabilities as of Q1 2022 amounted to CNY 1,515,222,549.53, an increase of 6.5% from CNY 1,423,559,140.70 in Q1 2021[16] - The total assets as of March 31, 2022, amounted to CNY 3,361,797,803.14, an increase from CNY 3,227,145,303.82 at the end of 2021[26] - The total liabilities increased to CNY 1,635,876,470.08 from CNY 1,526,742,888.50 year-over-year[25] Shareholder Information - The total number of common shareholders at the end of the reporting period is 16,319[10] - The largest shareholder, Li Zuoyuan, holds 94,274,428 shares, representing 40.72% of the total shares[10] - The second-largest shareholder, Shenzhen Innovation Investment Group, holds 4,630,320 shares, representing 2.00% of the total shares[10] - The company has a significant shareholder relationship, with Li Zuoyuan and Xu Nengchen being spouses, and Li Zuoyuan and Li Xiangfeng being father and son[11] Cash Flow - The net cash flow from operating activities was CNY 117,678,013.91, a decrease of 6.09% compared to the same period last year[5] - Cash inflow from operating activities in Q1 2022 was CNY 342,960,655.18, down 30.2% from CNY 491,847,826.32 in Q1 2021[21] - The company's cash and cash equivalents as of March 31, 2022, amount to ¥707,600,660.32, an increase from ¥613,759,553.47 as of December 31, 2021, reflecting a growth of approximately 15.3%[13] - The company's cash inflow from financing activities was CNY 90,000,000.00, while cash outflow was CNY 5,479,000.00, resulting in a net cash flow of CNY -5,479,000.00[22] - The company reported cash inflow from operating activities of CNY 215,059,133.99 in Q1 2022, up from CNY 189,666,958.28 in Q1 2021, which is an increase of approximately 13.4%[29] Research and Development - Research and development expenses for Q1 2022 were CNY 14,399,269.29, a decrease of 38.6% from CNY 23,402,148.36 in Q1 2021[17] - Research and development expenses for Q1 2022 were CNY 8,468,108.40, down from CNY 10,023,835.32 in Q1 2021[27] Other Financial Metrics - The company reported a financial asset impairment loss of CNY 3,273,351.95 in Q1 2022[18] - The deferred income tax liabilities decreased to CNY 26,670.37 from CNY 42,672.60 in Q1 2021[16] - The company incurred tax expenses of CNY 4,537,142.56 in Q1 2022, down from CNY 9,969,421.15 in Q1 2021, representing a decrease of approximately 54.5%[28] - The company has not reported any significant new product developments or market expansion strategies in the current quarter[12] - The company has not adopted the new accounting standards for the current year, as indicated in the report[31]

Financial Performance - In 2021, the company's operating revenue was RMB 158,154.48 million, a decrease of 5.75% compared to RMB 167,798.45 million in 2020[21]. - The net profit attributable to shareholders was RMB 24,941.23 million, down 20.71% from RMB 31,453.86 million in the previous year[21]. - The net profit after deducting non-recurring gains and losses was RMB 22,527.93 million, a decrease of 19.20% from RMB 27,882.06 million in 2020[21]. - The basic earnings per share were RMB 1.08, representing a decline of 28.95% compared to RMB 1.52 in 2020[22]. - The weighted average return on net assets was 11.72%, down 6.85 percentage points from 18.57% in the previous year[22]. - The net cash flow from operating activities increased by 45.48% to RMB 63,138.26 million from RMB 43,399.52 million in 2020[21]. - The net profit for 2021 was CNY 252.20 million, down 21.37% compared to the previous year, with the net profit attributable to shareholders of the parent company at CNY 249.41 million, a decline of 20.71%[43]. - The total revenue for 2021 was CNY 1,581,544,769.16, a decrease of 5.75% compared to the previous year[162]. - The gross profit margin declined from 33.29% to 28.89% due to significant fluctuations in the downstream market[162]. Assets and Liabilities - The net assets attributable to shareholders increased by 12.07% year-on-year, reaching CNY 225.34 billion at the end of 2021[24]. - Total assets rose by 2.25% year-on-year, amounting to CNY 369.11 billion at the end of 2021[24]. - The total assets of the company increased to $2 billion, reflecting a 10% growth from the previous fiscal year[87]. - Total liabilities decreased to RMB 1,423,559,140.70 in 2021 from RMB 1,569,773,496.59 in 2020, representing a reduction of about 9.34%[174][175]. - The company's equity attributable to shareholders increased to RMB 2,253,439,389.74 in 2021 from RMB 2,010,827,770.37 in 2020, a growth of about 12.06%[175]. Market and Product Development - The company achieved a significant increase in market share for its main products, including cylinder blocks and cylinder heads, despite a decline in the commercial vehicle market[34]. - The company successfully transitioned to supplying National VI products, with effective orders increasing in the second half of 2021[34]. - The commercial vehicle market saw a total sales volume of 4.79 million units in 2021, a year-on-year decline of 6.6%[36]. - The heavy-duty truck sales decreased by 13.8% year-on-year, totaling 1.395 million units sold[36]. - The company plans to focus on the research, production, and sales of core components such as engine cylinder blocks and cylinder heads, capitalizing on the ongoing demand in the commercial vehicle sector due to the implementation of the "National VI" policy[71]. Research and Development - The company plans to continue investing in research and development to support new project initiatives and maintain competitive advantages in technology[46]. - Total R&D expenditure amounted to ¥85,777,708.94, representing 5.42% of operating revenue[57]. - The company employed 153 R&D personnel, accounting for 10.12% of total staff[58]. - Research and development expenses for 2021 were CNY 85,777,708.94, slightly up from CNY 84,542,853.23 in 2020[180]. Governance and Compliance - The company has implemented a governance framework to enhance management levels and ensure compliance with regulatory requirements[35]. - The company has a robust corporate governance structure, ensuring compliance with relevant laws and regulations, and actively engages its board and management in decision-making processes[77]. - The company emphasizes the importance of timely and accurate information disclosure to ensure all shareholders have equal access to information[77]. - The company has established a governance framework in compliance with the Company Law, Securities Law, and Corporate Governance Guidelines, ensuring effective execution and compliance[120]. Environmental and Social Responsibility - The company faced an administrative penalty of RMB 100,000 due to environmental violations related to wastewater discharge, which has since been rectified[123]. - The company has implemented measures to prevent similar environmental issues from recurring, including comprehensive inspections across subsidiaries[123]. - The management team emphasized a commitment to sustainability, aiming to reduce carbon emissions by 25% over the next five years[84]. Shareholder Information - The total number of common shareholders as of the end of the reporting period is 16,494, an increase from 16,463 at the end of the previous month[143]. - The top shareholder, Li Zuoyuan, holds 94,274,428 shares, representing 40.72% of the total shares[145]. - All major shareholders have limited sale conditions on their shares, with the earliest release date being May 26, 2023[147]. - The company has no preferred shareholders with restored voting rights as of the reporting period[143]. Cash Flow and Financial Management - Cash and cash equivalents at the end of the period were ¥61,375.96 million, constituting 16.63% of total assets[60]. - The company reported a significant increase in cash flow from operating activities, reaching ¥631.38 million in 2021, up 45.5% from ¥433.99 million in 2020[189]. - The net cash flow from financing activities was -¥199,888,989.48 in 2021, a decrease from a positive cash flow of ¥375,225,015.54 in 2020[194]. - The total cash and cash equivalents at the end of 2021 amounted to ¥499,417,327.51, compared to ¥356,511,088.89 at the end of 2020, marking an increase of about 40%[194].