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 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： 证券代码：605100 证券简称：华丰股份 公告编号：2023-036 履行的审议程序：华丰动力股份有限公司（以下简称"公司"）第四 届董事会第八次会议和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》，独立董事已发表了明确同意的独立意见， 保荐机构出具了明确的核查意见。本事项在董事会审批权限范围内，无需提交公司 股东大会审议。 一、现金管理情况概述 （一）现金管理目的 为提高公司资金使用效率，在不影响募集资金投资项目建设和公司正常经营 的情况下，公司拟使用闲置募集资金进行现金管理。 （二）现金管理金额 公司将使用不超过人民币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，决议有效期为自董事会审议通过之日起12个月内。在上述 额度及决议有效期内，资金可循环滚动使用。 （三）资金来源 投资种类：安全性高、流动性好的保本类 ...

2023 年半年度募集资金存放与使用情况的专项报告 证券代码：605100 证券简称：华丰股份 公告编号：2023-035 华丰动力股份有限公司 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。 根据中国证券监督管理委员会《上市公司监管指引第2号——上市公司募集资 金管理和使用的监管要求》、《上海证券交易所股票上市规则》、《上海证券交 易所上市公司自律监管指引第1号——规范运作》等相关法规的要求，华丰动力股 份有限公司（以下简称"公司"或"本公司"）就2023年半年度募集资金存放与 使用情况专项报告如下： 一、募集资金基本情况 （一）扣除发行费用后的实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于核准华丰动力股份有限公司首次公开发行 股票的批复》（证监许可2020【1426】号）核准，公司首次公开发行人民币普通 股（A股）21,700,000股，发行价格为39.43元/股，募集资金总额为人民币 855,631,000.00 元 ， 扣 除 各 项 发 行 费 用 后 ， 实 际 募 集 资 金 净 额 为 人 ...

国金证券股份有限公司 关于华丰动力股份有限公司使用部分暂时闲置募集资金进行现 金管理的核查意见 国金证券股份有限公司（以下简称"保荐机构"）为华丰动力股份有限公司 （以下简称"华丰股份"或"公司"）首次公开发行股票并上市的保荐机构，根 据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司章程指引》《证 券发行上市保荐业务管理办法》《上市公司监管指引第 2 号—上市公司募集资金 管理和使用的监管要求》《上海证券交易所股票上市规则》等有关规定，对华丰 股份使用部分暂时闲置募集资金进行现金管理的事项进行了核查，核查情况如下： 一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于核准华丰动力股份有限公司首次 公开发行股票的批复》（证监许可【2020】1426 号），公司首次公开发行 2,170 万股人民币普通股（A 股）股票，发行价格为 39.43 元/股，募集资金总额为人民 币 855,631,000.00 元，扣除各项发行费用后，实际募集资金净额为人民币 796,770,905.69 元，上述募集资金已于 2020 年 8 月 4 日存入募集资金专户。以上 募集资金已由大信会计师事务所（特殊普通合 ...

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].

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： 会议召开时间：2023 年 4 月 20 日（星期四）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：上证路演中心网络互动 投资者可于 2023 年 4 月 13 日（星期四）至 4 月 19 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"栏目或通过公司邮箱 hfstock@powerhf.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。 华丰动力股份有限公司（以下简称"公司"）将于 2023 年 4 月 15 日发布公 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 20 日 下午 16:00-17:00 举行 2022 年度业绩 说明会，就投资者关心的问题进行交流。 证券代码：605100 ...

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]

Financial Performance - The company's basic earnings per share (EPS) for the first half of 2022 was CNY 0.14, a decrease of 88.80% compared to CNY 1.25 in the same period last year[18]. - The diluted EPS also stood at CNY 0.14, reflecting the same 88.80% decline year-over-year[18]. - The company's operating revenue decreased by 56.15% compared to the previous year, primarily due to impacts from logistics and infrastructure markets, leading to a decline in sales of core components and diesel engines[18]. - Net profit attributable to shareholders decreased by 77.38% year-on-year, primarily due to a decline in operating revenue[19]. - Operating revenue for the first half of the year was approximately ¥398.34 million, a decrease of 56.15% compared to the same period last year[20]. - Basic earnings per share decreased by 88.80% year-on-year, mainly due to the decline in net profit and capital reserve conversion to share capital during the reporting period[19]. - The weighted average return on net assets was 1.34%, down 4.72 percentage points from 6.06% in the same period last year[18]. - The return on net assets, excluding non-recurring gains and losses, was 1.30%, also down 4.72 percentage points from 6.02% year-over-year[18]. - The net profit attributable to shareholders was 24.53 million yuan, down 77.38% compared to the same period last year[42]. - The company reported a significant loss in profit distribution amounting to -78.90 million, indicating a challenging financial environment[149]. Cash Flow and Assets - Net cash flow from operating activities increased by 217.53% year-on-year, reaching approximately ¥325.37 million, driven by increased accounts receivable collections[20]. - The company's cash and cash equivalents increased by 41.03% to ¥945,869,015.61 from ¥670,685,250.99 year-on-year[52]. - The company's total assets amounted to ¥2,173,502,239.74, down from ¥2,318,722,173.58, indicating a decrease of approximately 6.3%[126]. - Total current assets decreased to ¥1,226,399,939.31 from ¥1,396,525,817.67, reflecting a decline of about 12.2%[124]. - The company's equity attributable to shareholders decreased to ¥1,776,576,786.23 from ¥1,831,717,820.71, a decline of approximately 3%[126]. - The company's cash and cash equivalents at the end of the period totaled 786,572,202.99 RMB, compared to 441,804,638.70 RMB at the end of the first half of 2021, marking an increase of about 78%[142]. Sales and Market Performance - The sales of commercial vehicle multi-cylinder diesel engines in the first half of 2022 totaled 906,100 units, a year-on-year decline of 50.80%[24]. - The sales of heavy-duty trucks in the first half of 2022 reached 380,000 units, down 64% year-on-year, influenced by economic slowdown and pandemic-related disruptions[24]. - Diesel engine market sales in China fell by 36.85% year-on-year, with total sales of 2.2894 million units in the first half of 2022[29]. - The company is focusing on the development and sales of core components, including mechanical and electronic parts, as well as diesel engines and intelligent generator sets[24]. Research and Development - The company holds 62 patents, including 5 invention patents and 11 software copyrights, reflecting its strong R&D capabilities[38]. - The company has developed new sensor products, including oil pressure sensors, which have completed internal verification and platform development[42]. - The company is actively researching energy-saving and emission-reduction technologies, focusing on lightweight and intelligent manufacturing[77]. - Research and development expenses for the first half of 2022 were CNY 10,456,084.91, slightly down from CNY 10,720,508.66 in the same period of 2021[131]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit and has implemented measures to comply with environmental regulations[70]. - The company constructed 2 wastewater treatment plants, achieving a 100% compliance rate for emissions during the reporting period[72]. - The company has a dedicated hazardous waste storage area and ensures safe disposal through qualified service providers[72]. - The company donated a total of 20,000.00 yuan to local impoverished students' families during the reporting period[79]. Corporate Governance and Compliance - The company confirmed that there were no non-operating fund occupations by controlling shareholders or related parties[5]. - The report includes a risk statement indicating that forward-looking statements involve uncertainties and do not constitute a commitment to investors[4]. - The company has committed to compensating for any losses incurred due to failure to pay social insurance or housing fund contributions prior to its IPO[96]. - The company will not allow any unfair benefit transfers to other parties during the IPO period[89]. Future Outlook and Strategy - The company plans to focus on market expansion and new product development as part of its future strategy[1]. - The company is actively pursuing customer diversification strategies to mitigate reliance on major clients and has made progress in expanding its customer base[61]. - The company plans to invest ¥420 million in a new intelligent manufacturing project for lightweight high-end engine blocks and cylinder heads, with an annual production capacity of 70,000 sets[57].

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].