证券代码：605100 证券简称：华丰股份 公告编号：2023-042 华丰动力股份有限公司 关于使用部分暂时闲置募集资金进行现金管理 12 月 5 日，公司使用募集资金购买产品的余额为 0 元。 特此公告。 重要内容提示： 本次到期赎回本金：15,000.00 万元。 已履行的审议程序：华丰动力股份有限公司（以下简称"公司"）2023 年 8 月 15 日召开的第四届董事会第八次会议、第四届监事会第八次会议审议通 过了《关于使用部分暂时闲置募集资金进行现金管理的议案》，公司独立董事及 保荐机构均对该议案发表了明确同意意见，同意公司使用不超过人民币 20,000.00 万元（含 20,000.00 万元）暂时闲置募集资金进行现金管理，投资安全 性高、流动性好的保本类理财产品，产品期限不超过 12 个月。具体内容详见公 司于 2023 年 8 月 17 日在上海证券交易所网站（www.sse.com.cn）披露的《华丰 动力股份有限公司关于使用部分暂时闲置募集资金进行现金管理的公告》（公告 编号：2023-036）。 一、本次已到期产品的赎回情况 2023 年 9 月 1 日，公司使用暂时闲置募集资金 15,0 ...

Financial Performance - The company's operating revenue for Q3 2023 reached ¥292,949,712.51, representing a year-on-year increase of 108.17%[6] - Net profit attributable to shareholders for the same period was ¥11,114,215.58, with a year-to-date increase of 159.05% to ¥59,277,541.43[6] - The basic earnings per share for Q3 2023 was ¥0.07, with a year-to-date increase of 169.23% to ¥0.35[7] - The net profit for Q3 2023 was CNY 59,223,953.68, a significant increase from CNY 22,702,231.19 in Q3 2022, representing a growth of approximately 161.5%[21] - The total comprehensive income for Q3 2023 was CNY 67,776,830.95, compared to CNY 25,752,979.24 in Q3 2022, marking an increase of approximately 163.5%[22] - The company reported a net profit margin improvement, with net profit for the first three quarters of 2023 expected to show a positive trend compared to the previous year, although specific figures were not disclosed[20] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥2,402,493,219.95, reflecting an increase of 8.15% compared to the end of the previous year[7] - As of September 30, 2023, total assets were RMB 2,402,493,219.95, up from RMB 2,221,505,139.70 at the end of 2022, reflecting a growth of 8.1%[18] - Total liabilities as of September 30, 2023, were RMB 577,451,640.00, compared to RMB 447,247,190.70 at the end of 2022, indicating an increase of 29.1%[18] - The company's equity attributable to shareholders was RMB 1,825,041,450.91, up from RMB 1,774,535,506.49 at the end of 2022, reflecting a growth of 2.8%[18] Cash Flow - The cash flow from operating activities for the year-to-date period was negative at -¥12,326,434.41, a decrease of 103.72% compared to the previous year[6] - The operating cash flow for Q3 2023 showed a net outflow of CNY 12,326,434.41, contrasting with a net inflow of CNY 331,362,552.07 in Q3 2022[24] - Cash and cash equivalents amounted to RMB 452,365,069.57 as of September 30, 2023, compared to RMB 328,860,003.58 at the end of 2022, representing a growth of 37.5%[16] - The cash and cash equivalents at the end of Q3 2023 totaled CNY 429,900,013.00, compared to CNY 497,480,004.10 at the end of Q3 2022, showing a decrease of approximately 13.6%[25] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,673[12] - The largest shareholder, Engineus Power Holding Inc., holds 51.90% of the shares, totaling 88,200,000 shares[13] Revenue and Costs - Total operating revenue for the first three quarters of 2023 reached RMB 1,007,577,748.62, a significant increase from RMB 539,066,506.92 in the same period of 2022, representing an 86.9% growth[20] - Total operating costs for the first three quarters of 2023 amounted to RMB 922,750,590.12, compared to RMB 513,573,667.85 in the previous year, indicating an increase of 79.7%[20] - The company’s total operating expenses for Q3 2023 were CNY 76,000,000.00, up from CNY 42,000,000.00 in Q3 2022, indicating an increase of about 80.9%[21] Investment Activities - Investment activities generated a net cash inflow of CNY 120,185,918.57 in Q3 2023, a recovery from a net outflow of CNY 390,890,035.81 in Q3 2022[25] - The company achieved an investment income of CNY 6,853,813.37 in Q3 2023, compared to CNY 6,146,968.94 in Q3 2022, reflecting an increase of approximately 11.4%[21] Accounts Receivable - Accounts receivable increased to RMB 219,122,201.29 from RMB 73,163,716.60 in the previous year, a significant rise of 199.5%[16] Tax and Non-Recurring Items - The company reported a tax expense of CNY 16,065,631.67 for Q3 2023, up from CNY 9,302,831.96 in Q3 2022, which is an increase of about 72.5%[21] - Non-recurring gains and losses for Q3 2023 totaled ¥231,426.04, with a year-to-date total of ¥393,337.15[10]

Financial Performance - The company's basic earnings per share (EPS) for the first half of 2023 is CNY 0.28, a 100% increase compared to CNY 0.14 in the same period last year[19]. - The diluted earnings per share (EPS) is also CNY 0.28, reflecting the same 100% growth year-over-year[19]. - The company's operating revenue increased by 79.40% compared to the same period last year, driven by a recovery in demand in the domestic heavy truck industry and an increase in orders[19]. - Net profit attributable to shareholders increased by 96.33% year-on-year, primarily due to revenue growth[20]. - Basic earnings per share grew by 100.00% year-on-year, reflecting the increase in net profit[20]. - Weighted average return on equity increased by 1.34 percentage points year-on-year, driven by net profit growth[20]. - Operating profit for the first half of 2023 was ¥58,076,166.29, up 84.9% from ¥31,401,666.21 in the first half of 2022[132]. - Net profit for the first half of 2023 was ¥48,109,736.70, representing a 96.9% increase from ¥24,420,246.09 in the same period last year[132]. Revenue and Sales - Revenue for the first half of the year reached ¥714,628,036.11, a 79.40% increase compared to the same period last year[21]. - The heavy truck market saw a 29% increase in sales, with 488,500 units sold in the first half of the year compared to 380,100 units last year[30]. - The overseas heavy truck market experienced a 78% year-on-year growth, with sales reaching 113,000 units in the first half of the year[30]. - Diesel engine sales in the first half of the year reached 2.6787 million units, a year-on-year increase of 17%[32]. Cash Flow and Liquidity - Operating cash flow decreased by 124.04% year-on-year, mainly due to reduced fund recovery and increased procurement costs[20]. - The net cash flow from operating activities for the first half of 2023 was -78,202,684.80 RMB, a significant decrease compared to 325,369,764.88 RMB in the same period of 2022[138]. - Total cash inflow from operating activities was 236,849,979.40 RMB, down from 552,156,505.47 RMB year-on-year[138]. - Cash outflow from operating activities increased to 315,052,664.20 RMB, compared to 226,786,740.59 RMB in the previous year[138]. - The total cash and cash equivalents at the end of the period were 335,000,107.73 RMB, down from 926,392,334.50 RMB at the end of the first half of 2022[139]. Assets and Liabilities - Total assets grew by 4.55% from the end of the previous year, amounting to ¥2,322,637,575.25[21]. - Net assets attributable to shareholders increased by 2.21% from the end of the previous year, totaling ¥1,813,804,337.15[21]. - Accounts receivable increased by 278.37% year-on-year, primarily due to the growth in operating revenue[44]. - Total liabilities rose to ¥508,833,110.59, compared to ¥447,247,190.70, indicating an increase of about 13.73%[125]. Research and Development - The company's research and development expenses increased by 107.34% to CNY 21.68 million, up from CNY 10.46 million year-on-year[43]. - The company focuses on R&D and manufacturing of core components, diesel engines, and intelligent generator sets, catering to various industries including heavy trucks and agriculture[25]. Corporate Governance and Compliance - The company has confirmed that all board members attended the board meeting, ensuring the report's authenticity and completeness[8]. - The financial report for the first half of 2023 has not been audited[4]. - The report includes a detailed description of potential risks faced by the company, which investors should review[7]. Shareholder and Capital Management - The company has not proposed any profit distribution plan or capital reserve transfer to increase share capital for this reporting period[5]. - The company did not propose any profit distribution or capital reserve transfer plans for the first half of 2023, with no dividends or stock bonuses planned[65]. - The company has committed to not transferring or entrusting the management of shares held before the IPO for 36 months from the date of listing[81]. Environmental and Social Responsibility - The company has established two wastewater treatment plants that meet comprehensive discharge standards before releasing into municipal sewage systems[69]. - The company operates 11 sets of air pollution control facilities, including 4 for particulate matter and 2 for VOCs, ensuring compliance with regional air quality standards[70]. - The company has implemented a carbon reduction strategy, focusing on energy-saving and lightweight research, aligning with national emission upgrade trends[76]. - The company donated a total of 20,461.47 yuan to support local impoverished students during the reporting period[77]. Market Expansion and Strategy - The company is actively exploring new business opportunities in energy storage and high-end components[40]. - The company has signed cooperation agreements to expand its overseas market presence in countries like Congo and the Philippines[39]. - The company plans to continue expanding its market presence and investing in new product development to sustain growth momentum[132]. Financial Reporting and Accounting Policies - The company follows the accounting standards set by the Ministry of Finance, ensuring the financial statements reflect true and complete information[164]. - The company’s accounting period runs from January 1 to December 31 each year[165]. - The company’s accounting currency is Renminbi (CNY)[167].

Financial Performance - The company's operating revenue for Q1 2023 was CNY 385,003,848.26, representing a year-on-year increase of 59.98%[6] - The net profit attributable to shareholders for Q1 2023 was CNY 36,409,192.89, reflecting a growth of 62.24% compared to the same period last year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 36,335,640.55, which is an increase of 66.07% year-on-year[12] - The basic earnings per share for Q1 2023 was CNY 0.21, up by 61.54% from the previous year[12] - The net profit for Q1 2023 was CNY 36,409,194.47, representing a 63% increase compared to CNY 22,338,514.59 in Q1 2022[23] - The total comprehensive income for Q1 2023 was CNY 35,099,023.49, significantly higher than CNY 19,226,170.90 in Q1 2022[24] Assets and Liabilities - The total assets at the end of Q1 2023 amounted to CNY 2,311,273,399.29, a 4.04% increase from the end of the previous year[7] - Current assets totaled ¥1,287,010,547.84 as of March 31, 2023, compared to ¥1,160,346,086.28 at the end of 2022, reflecting a growth of 10.9%[18] - Total assets increased to ¥2,311,273,399.29 as of March 31, 2023, from ¥2,221,505,139.70 at the end of 2022, marking a growth of 4.0%[20] - The company's total liabilities increased to ¥501,638,850.16 from ¥447,247,190.70, reflecting an increase of 12.2%[19] - The equity attributable to shareholders rose to ¥1,809,634,528.61 from ¥1,774,535,506.49, indicating a growth of 2.0%[20] Cash Flow - The net cash flow from operating activities was negative CNY 56,947,107.94, a decline of 136.64% compared to the same period last year[12] - The cash flow from operating activities showed a net outflow of CNY -56,947,107.94, contrasting with a net inflow of CNY 155,407,706.65 in Q1 2022[27] - Investment activities generated a net cash inflow of CNY 251,468,796.79, compared to a net outflow of CNY -173,346,390.38 in the previous year[27] - The cash and cash equivalents at the end of Q1 2023 amounted to CNY 507,915,725.00, a decrease from CNY 613,426,614.83 at the end of Q1 2022[28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 14,206[13] - Engineus Power Holding Inc. held 51.90% of the shares, making it the largest shareholder[14] Revenue and Costs - Total operating revenue for Q1 2023 reached ¥385,003,848.26, a significant increase of 60.0% compared to ¥240,663,974.69 in Q1 2022[22] - Total operating costs for Q1 2023 were ¥340,629,395.02, up 56.5% from ¥217,616,229.12 in Q1 2022[22] Research and Development - Research and development expenses for Q1 2023 were ¥8,881,836.01, compared to ¥7,109,315.23 in Q1 2022, showing an increase of 24.9%[22] Tax and Foreign Exchange - The income tax expense for Q1 2023 was CNY 5,974,519.15, compared to CNY 3,266,604.05 in Q1 2022, reflecting a higher tax burden[23] - The company experienced a foreign exchange loss of CNY -114,393.77, compared to a loss of CNY -2,994,081.32 in the previous year[28] Inventory - Inventory levels rose to ¥190,112,084.82 in Q1 2023, up from ¥151,193,602.93 in Q1 2022, representing a 25.7% increase[18]

Financial Performance - The company's operating revenue for 2022 was ¥744,781,553.97, a decrease of 45.01% compared to ¥1,354,287,631.56 in 2021[21]. - Net profit attributable to shareholders was ¥23,593,453.52, down 85.60% from ¥163,834,912.53 in the previous year[21]. - Basic earnings per share decreased by 85.42% to ¥0.14 from ¥0.96 in 2021[22]. - The weighted average return on equity fell by 7.70 percentage points to 1.31% from 9.01% in 2021[22]. - Cash flow from operating activities was ¥290,404,679.07, a decline of 6.78% compared to ¥311,512,939.96 in 2021[21]. - The total assets at the end of 2022 were ¥2,221,505,139.70, a decrease of 4.19% from ¥2,318,722,173.58 at the end of 2021[21]. - The company reported a net loss in the third quarter of 2022, with a net profit of -¥1,648,591.86[25]. - The main business revenue was 736.25 million yuan, a decline of 44.79% compared to the previous year[56]. - The operating cost was 650.63 million yuan, a decrease of 40.31% year-on-year, reflecting the impact of sales decline[54]. - The gross margin for the core component business was 9.03%, down 12.79 percentage points year-on-year[58]. Dividend and Profit Distribution - The proposed profit distribution plan for 2022 includes a cash dividend of 1.00 RMB per 10 shares, totaling 16,993,200.00 RMB, which represents 72.03% of the net profit attributable to shareholders[6]. - The company has a cash dividend policy that complies with relevant regulations and clearly defines distribution standards and proportions[136]. - The company did not propose a cash profit distribution plan despite having positive distributable profits for shareholders[137]. Audit and Compliance - The audit report issued by Da Xin Certified Public Accountants confirms the financial report's authenticity and completeness[5]. - The company is committed to maintaining the accuracy and completeness of the annual report as stated by its board of directors and management[4]. - The company has established an internal control system, which was audited and deemed effective by Da Xin Accounting Firm, with a standard unqualified opinion on the internal control audit report[142]. - The company has not faced any penalties from securities regulatory authorities in the past three years[121]. - The company has not reported any non-operating fund occupation by controlling shareholders or related parties during the reporting period[179]. - There are no violations of guarantees reported for the year[179]. Market and Sales Performance - The company experienced a significant decline in core component and diesel engine sales due to impacts from logistics and infrastructure markets[23]. - The heavy-duty truck market saw a significant decline, with sales dropping by 51.84% to 671,900 units compared to 1,395,000 units in the previous year[36]. - The sales of new energy heavy-duty trucks reached 25,152 units in 2022, representing a year-on-year increase of 140.7%[38]. - The diesel engine market experienced a 29.88% decline in sales, totaling 4.2866 million units in 2022[40]. - The company has established stable partnerships with key clients, including Weichai Power and Reliance Group, enhancing its market position[48]. Research and Development - The company invested 22.51 million yuan in R&D, a reduction of 49.72% compared to the previous year, indicating a shift in focus[54]. - The company is actively developing new products, including 4K, 5K, and 7K series engines, and is pushing for the R&D of zero-emission ammonia-hydrogen engines[95]. - The company is exploring opportunities in the new energy and energy storage sectors to drive future growth[52]. - The company signed a cooperation agreement with the Shanghai Institute of Silicate, focusing on the joint development of new energy storage batteries, targeting lithium metal solid-state batteries[34]. Environmental and Social Responsibility - The company invested CNY 3.2574 million in environmental protection during the reporting period[144]. - The company has constructed two wastewater treatment stations and operates 12 sets of air pollution control facilities, achieving a 100% compliance rate for emissions[147]. - The company has implemented measures to achieve "carbon neutrality" and "carbon peak" policies, closely monitoring developments in the new energy and energy storage markets[153]. - The company donated a total of 20,000.00 yuan to local impoverished students during the reporting period[155]. - The company has actively participated in poverty alleviation and educational support initiatives[155]. Governance and Management - The company held 4 shareholder meetings and 7 board meetings during the reporting period, ensuring compliance with relevant laws and regulations[105]. - The board consists of 7 members, including 3 independent directors, and has maintained a governance structure that meets regulatory requirements[105]. - The company emphasizes investor relations, with a dedicated securities department managing communication and ensuring timely information disclosure[106]. - The company has implemented a comprehensive incentive mechanism for senior management, linking compensation closely with performance and operational goals[140]. Financial Management - The company has entrusted CNY 25 million of raised funds and CNY 24 million of self-owned funds for wealth management, with no overdue amounts reported[191]. - The company has successfully recovered all principal amounts from its wealth management investments, indicating effective cash management[195][196]. - The total amount of bank contracts reported was 16,000.00 million with a recovery rate of 40.77%[197]. - The average interest rate across various bank contracts was approximately 3.10% to 3.30%[198][199]. - The company is focused on maintaining a high recovery rate from its financial agreements, which is crucial for future liquidity[197][198][199]. Future Outlook - The company plans to invest CNY 420 million in a new production project for lightweight high-end engine cylinder blocks and cylinder heads in Changzhou, Jiangsu[189]. - In 2023, the company plans to solidify its core business while accelerating new business layouts, particularly in the renewable energy and energy storage sectors[94]. - The company provided a forward guidance of 1.5 billion in revenue for 2023, indicating a growth target of 25%[116]. - New product launches are expected to contribute an additional 200 million in revenue in 2023[116]. - The company is considering strategic acquisitions to enhance its market position, with a budget of 100 million allocated for potential deals[116].

Group 1: Company Performance and Strategy - The company reported a successful collaboration with Leiwo Heavy Industry, focusing on export agricultural machinery since the second half of 2021, with ongoing deliveries [1] - The company emphasizes that internal combustion engines will remain the mainstream power source for land transportation, shipping, and construction machinery for a considerable time [1] - The company aims to drive high-quality development and transformation through technological innovation, product diversification, and customer diversification strategies [2] Group 2: Market Trends and Opportunities - The company is actively exploring opportunities in the new energy sector and energy storage, focusing on cutting-edge battery technologies to create new growth points [2] - The company’s intelligent generator sets are targeted at data centers and mobile communication fields, with the construction of data centers expected to boost demand for backup power [2] - The company is developing a new platform for diesel engines, focusing on multi-cylinder series engines (4L, 5L, 7L) aimed at agricultural machinery, construction machinery, and backup power markets [3] Group 3: Project Progress and Developments - The core component manufacturing project for engines has been in operation since 2020 and is nearing completion [2] - The new lightweight engine core component project has passed customer verification and is progressing as a funded project since its change in September 2021 [3] - The company is advancing cooperation with a leading heavy-duty truck engine manufacturer in the core component business [2]

Financial Performance - The company's operating revenue for Q3 2022 was ¥140,725,336.88, a decrease of 33.82% compared to the same period last year[6] - The net profit attributable to shareholders for Q3 2022 was -¥1,648,591.86, representing a decline of 107.77% year-on-year[6] - The net profit attributable to shareholders after deducting non-recurring gains and losses for Q3 2022 was -¥2,100,772.72, down 114.29% from the previous year[6] - Basic earnings per share for Q3 2022 were -¥0.01, a decrease of 105.88% year-on-year[7] - The diluted earnings per share for Q3 2022 were also -¥0.01, reflecting a decline of 105.88% compared to the previous year[7] - The weighted average return on equity for Q3 2022 was -0.09%, a decrease of 1.28 percentage points from the previous year[7] - Total operating revenue for the first three quarters of 2022 was approximately ¥539.07 million, a decrease from ¥1,120.98 million in the same period of 2021, representing a decline of about 52%[22] - Total operating costs for the first three quarters of 2022 were approximately ¥513.57 million, down from ¥976.86 million in 2021, indicating a reduction of about 48%[22] - Net profit for Q3 2022 was approximately ¥22.70 million, significantly lower than ¥129.96 million in Q3 2021, reflecting a decrease of about 83%[23] - The company reported a total comprehensive income of approximately ¥25.75 million for Q3 2022, compared to ¥124.89 million in Q3 2021, a decrease of about 79%[24] - The company’s total operating profit for Q3 2022 was approximately ¥31.63 million, down from ¥150.30 million in Q3 2021, a decline of about 79%[23] Cash Flow and Liquidity - The cash flow from operating activities for the year-to-date period was ¥331,362,552.07, an increase of 94.62% compared to the same period last year[6] - Cash flow from operating activities for the first three quarters of 2022 was approximately ¥331.36 million, an increase from ¥170.26 million in the same period of 2021, representing an increase of about 94%[28] - Cash inflow from investment activities in the first three quarters of 2022 was approximately ¥1.86 billion, compared to ¥898.68 million in 2021, indicating a significant increase of about 106%[28] - The net cash flow from investing activities was -$390.89 million, compared to -$46.87 million in the previous period[29] - Total cash inflow from financing activities was $2.48 million, while cash outflow was $78.93 million, resulting in a net cash flow from financing activities of -$78.93 million[29] - The net increase in cash and cash equivalents was -$136.89 million, compared to an increase of $26.44 million in the previous period[29] - The ending balance of cash and cash equivalents was $497.48 million, down from $636.23 million at the end of the previous period[29] - The company received $800,000 from minority shareholders as part of investment activities[29] - Cash paid for debt repayment was $1.68 million, while cash paid for dividends and interest was $78.93 million[29] - The impact of exchange rate changes on cash and cash equivalents was $1.57 million, compared to -$2.57 million in the previous period[29] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,160,914,863.59, down 6.81% from the end of the previous year[7] - Total assets as of September 30, 2022, amounted to CNY 2,160,914,863.59, a decrease from CNY 2,318,722,173.58 at the end of 2021[18] - Cash and cash equivalents decreased to CNY 524,337,497.85 from CNY 670,685,250.99 year-over-year[17] - Total current liabilities decreased to CNY 343,898,531.17 from CNY 446,368,486.73 year-over-year[19] - Total liabilities decreased to CNY 381,946,236.28 from CNY 486,609,525.50 year-over-year[19] - Total equity attributable to shareholders decreased to CNY 1,778,754,623.15 from CNY 1,831,717,820.71 year-over-year[20] - The equity attributable to shareholders at the end of the reporting period was ¥1,778,754,623.15, a decrease of 2.89% compared to the previous year[7] - The company’s inventory decreased to CNY 139,739,127.55 from CNY 176,484,926.51 year-over-year[18] - The company’s short-term borrowings remained stable at CNY 1,000,000.00[19] - The company’s total non-current assets increased to CNY 957,319,339.58 from CNY 922,196,355.91 year-over-year[18] - The company’s capital reserve decreased to CNY 1,022,442,893.74 from CNY 1,070,994,893.74 year-over-year[20] Research and Development - Research and development expenses for the first three quarters of 2022 were approximately ¥14.86 million, down from ¥36.66 million in 2021, a decrease of about 59%[22] Accounting Standards - The company did not apply new accounting standards or interpretations starting from 2022[29]

2022 年半年度报告 公司代码：605100 公司简称：华丰股份 华丰动力股份有限公司 2022 年半年度报告 1 / 134 2022 年半年度报告 重要提示 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本半年度报告内容涉及的未来计划等前瞻性陈述因存在不确定性，不构成公司对投资者的实质承 诺，请投资者注意投资风险。 七、 是否存在被控股股东及其关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况？ 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 公司已在本报告中详细描述可能存在的相关风险，敬请查阅本报告"第三节 管理层讨论与分 析"之"五、其他披露事项"之"（一）可能面对的风险"。 十一、 其他 □适用 √不适用 2 / 134 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确性、 完整性，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。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经 ...

Financial Performance - The company's operating revenue for 2021 was ¥1,354,287,631.56, a decrease of 14.92% compared to ¥1,591,818,233.64 in 2020[23]. - Net profit attributable to shareholders was ¥163,834,912.53, down 14.03% from ¥190,561,273.83 in the previous year[23]. - Basic earnings per share decreased by 48.86% to ¥1.35 from ¥2.64 in 2020[24]. - The weighted average return on equity fell by 7.66 percentage points to 9.01% from 16.67% in 2020[24]. - The company reported a net profit of ¥34,164,518.07 in Q4 2021, showing a decline compared to previous quarters[28]. - The main business revenue was CNY 1,333.42 million, a decline of 14.81% compared to the previous year[70]. - The operating costs amounted to CNY 1,090.03 million, reflecting a decrease of 13.24% year-on-year[69]. - The company achieved operating revenue of CNY 1,354.29 million, a decrease of 14.92% compared to the same period last year[68]. - The net profit attributable to shareholders was CNY 163.83 million, down 14.03% year-on-year[68]. Dividend and Capital Plans - The proposed profit distribution plan includes a cash dividend of 6.50 RMB per 10 shares, totaling approximately 78.9 million RMB, which represents 48.16% of the net profit attributable to shareholders for 2021[5]. - The company plans to increase its total share capital from 121,380,000 shares to 169,932,000 shares through a capital reserve transfer of 4 shares for every 10 shares held[5]. Audit and Compliance - The company has received a standard unqualified audit report from Da Xin Certified Public Accountants[4]. - The report indicates that there are no non-operational fund occupations by controlling shareholders or related parties[7]. - The internal control audit report issued by DaXin Accounting Firm confirmed the effectiveness of the financial reporting internal control as of December 31, 2021, with a standard unqualified opinion[164]. Risk Management - The company has outlined potential risks in the management discussion and analysis section, which investors should be aware of[8]. - The company recognizes the ongoing risks posed by the COVID-19 pandemic, which may impact production and market demand, and is implementing measures to stabilize the supply chain[126]. - The company is also aware of macroeconomic risks that could affect its performance and is focusing on market expansion and product diversification to enhance resilience[127]. - The company faces a high concentration risk from core customers, which significantly impacts its revenue and could lead to performance decline or losses if contracts are terminated or if there are adverse changes in the industry[128]. Product Development and Market Strategy - The company expanded its product diversification by launching core components for light trucks, with mass supply starting in the second half of 2021, covering 2L-5L series products[36]. - The company signed a cooperation agreement with Fuke Ke (Shanghai) Trading Co., Ltd. to develop high-end silicone oil shock absorbers for commercial vehicles, with multiple products currently undergoing customer testing[37]. - The company developed new diesel engine models in collaboration with Leiwo Heavy Industry, covering power ranges of 80-120 horsepower, with mass supply starting in the second half of 2021[40]. - The company is focusing on expanding its high-end power product offerings to enhance its competitive edge in the high-end power market[107]. Research and Development - Research and development expenses totaled 447.58 million RMB, representing 3.30% of operating revenue, with no capitalized R&D expenditures[82]. - The company has 81 R&D personnel, accounting for 8.79% of the total workforce, with a diverse educational background[83]. - The company is actively increasing its R&D investment in lightweight and low-carbon technologies to align with national carbon reduction strategies[105]. Environmental Management - The company has implemented a robust environmental management system in compliance with ISO 14001:2015 standards, ensuring all environmental management activities are legal and compliant[174]. - The company constructed two wastewater treatment stations, achieving 100% compliance in emissions during the reporting period[169]. - The company has a comprehensive emergency response plan for environmental incidents, regularly conducting drills to ensure effective control of environmental pollution risks[171]. Corporate Governance - The total remuneration for the board members and senior management during the reporting period amounted to CNY 416.88 million[140]. - The chairman and general manager, Xu Huadong, received a total remuneration of CNY 100.00 million[140]. - The company has a structured approach to determining remuneration based on annual operational goals and industry standards[148]. - The company has not faced any penalties from securities regulatory authorities in the past three years[149]. Market Trends and Industry Insights - The commercial vehicle market saw a decline in sales, with heavy-duty truck sales down 13.8% year-on-year and light-duty truck sales down 4%[44]. - The total sales of various diesel engines in China reached 6.1084 million units in 2021, a year-on-year decrease of 3.10%[96]. - The penetration rate of new energy commercial vehicles is steadily increasing, although traditional diesel engines remain dominant in heavy-duty applications due to their operational requirements[108]. Social Responsibility - The company donated a total of 123,800.00 yuan to families of local impoverished students during the reporting period[180]. - The company emphasizes employee rights protection, adhering to labor laws and providing various social insurances and benefits[177].

Financial Performance - The company's operating revenue for Q1 2022 was ¥240,663,974.69, representing a decrease of 49.57% compared to the same period last year[6]. - The net profit attributable to shareholders for Q1 2022 was ¥22,441,971.30, down 61.50% year-on-year[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥21,880,223.89, a decline of 62.36% compared to the previous year[6]. - Basic earnings per share for Q1 2022 were ¥0.18, down 73.13% year-on-year[7]. - The diluted earnings per share for Q1 2022 were also ¥0.18, reflecting the same percentage decrease of 73.13%[7]. - The company reported a comprehensive income total of CNY 19,226,170.90 for Q1 2022, down from CNY 58,921,206.52 in Q1 2021[25]. - Net profit for Q1 2022 was CNY 22,338,514.59, representing a decline of 61.7% from CNY 58,289,996.57 in Q1 2021[24]. Cash Flow and Liquidity - The net cash flow from operating activities increased by 82.65% to ¥155,407,706.65, mainly due to an increase in accounts receivable collections[12]. - Cash inflow from operating activities in Q1 2022 was CNY 299,506,243.90, an increase of 38.4% compared to CNY 216,428,319.64 in Q1 2021[27]. - The net cash flow from operating activities was $155,407,706.65, a significant increase from $85,083,083.03 in the previous year, representing an increase of approximately 83%[28]. - Cash outflow from operating activities totaled $144,098,537.25, compared to $131,345,236.61 in the same period last year, indicating a rise of about 9.5%[28]. - The total cash and cash equivalents at the end of the period were $613,426,614.83, down from $632,284,279.16, a decrease of approximately 3.4%[29]. Assets and Liabilities - Total assets at the end of Q1 2022 were ¥2,277,344,650.39, a decrease of 1.78% from the end of the previous year[7]. - The total current assets as of March 31, 2022, amounted to RMB 1,349,329,491.23, a decrease from RMB 1,396,525,817.67 on December 31, 2021[21]. - The fixed assets as of March 31, 2022, were valued at RMB 499,267,565.19, down from RMB 512,090,393.96 at the end of 2021[21]. - Total liabilities as of Q1 2022 amounted to CNY 426,005,831.94, down from CNY 486,609,525.50 in Q1 2021[22]. - Total equity attributable to shareholders was CNY 1,851,047,448.32, slightly up from CNY 1,831,717,820.71 in Q1 2021[22]. Market and Operational Insights - The company reported non-recurring gains of ¥561,747.41 for the period, primarily from debt restructuring gains[10]. - The company’s operating performance was significantly impacted by COVID-19, leading to fluctuations compared to the same period last year[16]. - The company is focusing on deepening its market presence and enhancing communication with core customers to improve market share[18]. - The government has introduced several policies to stabilize growth, which is expected to boost demand for commercial vehicles and diesel engines[17]. - The company anticipates growth opportunities in the data center backup power market due to increased demand driven by the pandemic[17]. - The company aims to ensure supply chain stability and improve operational performance through proactive measures[18]. Research and Development - Research and development expenses for Q1 2022 were CNY 7,109,315.23, a decrease of 30.5% from CNY 10,314,485.41 in Q1 2021[24].