证券代码：605133 证券简称：嵘泰股份 公告编号：2023-089 江苏嵘泰工业股份有限公司 关于股权激励限制性股票回购注销实施公告 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： ●回购注销原因：回购股权激励限制性股票并注销 ●本次注销股份的有关情况 | 回购股份数量 | 注销股份数量 | | | | 注销日期 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 84,000 股 | 84,000 | 股 | 2023 | 年 | 12 | 月 | 28 | 日 | 一、本次限制性股票回购注销的决策与信息披露 （一）根据《上市公司股权激励管理办法》（以下简称"《管理办法》"） 和《江苏嵘泰工业股份有限公司 2022 年限制性股票激励计划（草案）》（以下 简称"《激励计划》"）等相关规定及公司 2022 年第二次临时股东大会的授权， 公司于 2023 年 10 月 27 日分别召开了第二届董事会第二十次会议和第二届监事 会 ...

证券代码：605133 证券简称：嵘泰股份 公告编号：2023-086 江苏嵘泰工业股份有限公司 第二届董事会第二十二次会议决议公告 2、本次董事会会议通知和材料于 2023 年 12 月 19 日以电子邮件及电话等形 式送达全体董事。 4、本次董事会会议应出席的董事 7 人，实际出席会议的董事 7 人。 5、本次董事会会议由董事长夏诚亮先生主持，公司监事列席了会议。 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、董事会会议召开情况 1、江苏嵘泰工业股份有限公司（以下简称"公司"）第二届董事会第二十二 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。 3、本次董事会会议于 2023 年 12 月 22 日在公司以现场表决方式召开。 二、董事会会议审议情况 与会董事经认真审议和表决，通过如下决议： 特此公告。 江苏嵘泰工业股份有限公司 董 事 会 二〇二三年十二月二十三日 1、审议通过了《关于部分募集资金投资项目延期的议案》 表决结果：7 票同意，0 票反对，0 票弃权。 内容详见同日披露 ...

东方证券承销保荐有限公司 关于江苏嵘泰工业股份有限公司 部分募集资金投资项目延期的核查意见 东方证券承销保荐有限公司（以下简称"东方投行"或"保荐机构"）作为 江苏嵘泰工业股份有限公司（以下简称"嵘泰股份"或"公司"）首次公开发行 股票并上市的保荐机构，根据《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》《证券发行上市保荐业务管理办法》、《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》等法律法规的要求，对嵘泰股份部分募集资金投资项目建设延期的事项进行 了审慎核查，相关核查情况及核查意见如下： 一、募集资金基本情况 根据中国证券监督管理委员会于2022年7月1日出具的《关于核准江苏嵘泰工 业股份有限公司公开发行可转换公司债券的批复》（证监许可[2022]1375号）， 江苏嵘泰工业股份有限公司（以下简称"公司"）获准向社会公开发行面值总额 为人民币65,067.00万元的可转换公司债券，期限6年。公司本次发行可转换公司 债券应募集资金为人民币65,067.00万元，实际募集资金为人民币65,067.00万元， 扣除保荐承销费及其他发行相关费用合计（ ...

证券代码：605133 证券简称：嵘泰股份 公告编号：2023-088 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： ●募集资金投资项目延期概况：年产110万件新能源汽车铝合金零部件项目 达到预定可使用状态日期延期至2024年6月； 江苏嵘泰工业股份有限公司 关于部分募集资金投资项目延期的公告 根据中国证券监督管理委员会于2022年7月1日出具的《关于核准江苏嵘泰工 业股份有限公司公开发行可转换公司债券的批复》(证监许可[2022]1375号)，江 苏嵘泰工业股份有限公司（以下简称"公司"）获准向社会公开发行面值总额为 人民币65,067.00万元的可转换公司债券，期限6年。公司本次发行可转换公司债 券应募集资金为人民币65,067.00万元，实际募集资金为人民币65,067.00万元， 扣除保荐承销费及其他发行相关费用合计(不含税)人民币1,108.26万元后，实际 募集资金净额为人民币63,958.74万元。上述募集资金已于2022年8月17日全部到 位，业经中汇会计师事务所(特殊普通合伙)验证，并由 ...

江苏嵘泰工业股份有限公司 第二届监事会第二十次会议决议公告 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、监事会会议召开情况 1、江苏嵘泰工业股份有限公司（以下简称"公司"）第二届监事会第二十 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。 2、本次监事会会议通知和材料于 2023 年 12 月 19 日以电子邮件及电话等形 式送达全体监事。 3、本次监事会会议于 2023 年 12 月 22 日在公司以现场表决方式召开。 证券代码：605133 证券简称：嵘泰股份 公告编号：2023-087 表决结果：3 票同意，0 票反对，0 票弃权。 内容详见同日披露于上海证券交易所网站（www.sse.com.cn）的公告。 三、备查文件 1、公司第二届监事会第二十次会议决议。 特此公告。 江苏嵘泰工业股份有限公司 4、本次监事会会议应出席的监事 3 人，实际出席会议的监事 3 人。 5、本次监事会会议由监事会主席陈晨女士主持。 二、监事会会议审议情况 与会监事经认真审议和表决，通过如下决议： ...

证券代码：605133 证券简称：嵘泰股份 公告编号：2023-085 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2023 年 12 月 18 日 (二) 股东大会召开的地点：江苏省扬州市江都区仙城工业园乐和路 8 号 公司会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情 况： | 1、出席会议的股东和代理人人数 | 6 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 120,093,100 | | 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 | 64.5093 | | 份总数的比例（%） | | (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。 江苏嵘泰工业股份有限公司 2023 年第二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： 本次股东大会由公司董事会召集，由董事长夏诚亮先生主持。本次会议的召 集、召开及表决方式符合《公司法》及《公司章程》 ...

北京市环球律师事务所 关于江苏嵘泰工业股份有限公司 2023 年第二次临时股东大会的 法律意见书 北京市环球律师事务所 关于江苏嵘泰工业股份有限公司 2023 年第二次临时股东大会的 法律意见书 GLO2023BJ（法） 字第 08120-1 号 致：江苏嵘泰工业股份有限公司 北京市环球律师事务所（以下简称"本所"）接受江苏嵘泰工业股份有限 公司（以下称"公司"）的委托，指派本所宋琳琳律师、顾莹律师列席公司 2023 年第二次临时股东大会（以下简称"本次股东大会"），依据《中华人民 共和国公司法》（以下简称"《公司法》"）、《上市公司股东大会规则》 （以下简称"《股东大会规则》"）等现行有效的法律、法规、规范性文件以 及《江苏嵘泰工业股份有限公司章程》（以下简称"《公司章程》"）的规定， 对本次股东大会的召集、召开程序、出席会议人员及召集人的资格、表决程序 和表决结果、会议决议等事项发表法律意见。 本所律师出具本《法律意见书》的前提为：公司向本所律师提供的所有文 件及复印件均真实有效；与会股东及股东代表向本所律师出示的身份证明文件 均真实有效。 本所律师仅对本次股东大会的召集、召开程序、出席会议人员的资格、召 ...

证券代码：605133 证券简称：嵘泰股份 江苏嵘泰工业股份有限公司投资者关系活动记录表 ■特定对象调研 □分析师会议 □媒体采访 □业绩说明会 投资者关系活 □新闻发布会 □路演活动 动类别 □现场参观 ■其他（线上电话会议） 天风证券-孙潇雅-王彬宇、东方阿尔法基金-潘令梓、兴基金 -孙义丽、泰康养老-李恩国、泰康资产-周昊、国泰基金-饶 参与单位名称 玉涵、新华基金-郑毅、景顺长城基金-王勇、鹏扬基金-徐 及人员姓名 超、国泰基金-陈逸鲲、上银基金-施敏佳、富安达基金-李 飞、博普科技-章腾飞 时间 2023年11月20日 地点 公司会议室 上市公司接待 董事、董事会秘书、财务总监-张伟中 人员姓名 互动交流 1、贵公司的主营业务有那些？ 答：公司主要从事铝合金精密压铸件的研发、生产与销售， ...

Revenue and Profit Growth - Revenue for the third quarter reached 516.6 million yuan, a year-on-year increase of 22.72%[4] - Total revenue from the beginning of the year to the end of the reporting period was 1.44 billion yuan, a year-on-year increase of 36.00%[4] - Net profit attributable to shareholders of the listed company was 41.97 million yuan, up 4.63% year-on-year[4] - Net profit attributable to shareholders of the listed company from the beginning of the year to the end of the reporting period was 115.07 million yuan, up 26.63% year-on-year[4] - Total revenue for the first three quarters of 2023 reached 1,435,607,469.27 RMB, a significant increase from 1,055,600,060.67 RMB in the same period last year[18] - Net profit attributable to the parent company's shareholders rose to 758,075,122.44 RMB, compared to 674,649,413.52 RMB in the previous year[16] - Net profit attributable to parent company shareholders was RMB 115,072,197.64, compared to RMB 90,873,193.53 in the previous period[19] Asset and Equity Growth - Total assets at the end of the reporting period were 4.12 billion yuan, an increase of 16.65% compared to the end of the previous year[5] - Equity attributable to shareholders of the listed company at the end of the reporting period was 2.62 billion yuan, up 43.03% compared to the end of the previous year[5] - Total assets increased to 4,117,952,987.39 RMB, up from 3,530,179,077.21 RMB in the previous period[14][16] - Capital reserves grew to 1,570,583,921.06 RMB, up from 933,497,169.34 RMB in the previous period[16] - Other comprehensive income increased to 92,062,992.62 RMB, compared to 28,430,691.42 RMB in the previous period[16] Liabilities and Borrowings - Total liabilities decreased to 1,440,267,011.34 RMB, down from 1,635,563,630.56 RMB in the previous period[15][16] - Short-term borrowings surged to 562,882,270.78 RMB, a significant increase from 205,109,802.23 RMB in the previous period[15] Cash Flow and Liquidity - Cash received from sales of goods and services in Q3 2023 was RMB 1,292,217,727.08, up from RMB 950,877,794.64 in the previous period[23] - Net cash flow from operating activities for Q3 2023 was RMB 58,844,764.44, slightly higher than RMB 58,323,506.46 in the previous period[23] - Net cash flow from financing activities for Q3 2023 was RMB 260,601,369.05, compared to RMB 722,604,891.42 in the previous period[24] - Cash and cash equivalents at the end of Q3 2023 were RMB 360,045,351.83, down from RMB 515,829,649.32 at the beginning of the period[24] Research and Development - Research and development expenses increased to 69,966,155.41 RMB, up from 44,406,148.27 RMB in the same period last year[18] Inventory and Accounts Receivable - Inventory levels rose to 570,164,478.58 RMB, compared to 488,176,612.99 RMB in the previous period[14] - Accounts receivable increased to 635,593,517.25 RMB, up from 535,250,280.57 RMB in the previous period[14] Non-Recurring Items and Earnings Per Share - Non-recurring gains and losses for the reporting period amounted to 4.36 million yuan[7] - The company's basic earnings per share for the reporting period were 0.23 yuan, a decrease of 8.00% year-on-year[5] - Basic earnings per share for Q3 2023 were RMB 0.66, compared to RMB 0.57 in the previous period[20] Other Income and Comprehensive Income - Interest income for Q3 2023 was RMB 10,654,811.17, a significant increase from RMB 1,225,149.40 in the previous period[19] - Other income for Q3 2023 reached RMB 14,562,933.12, up from RMB 10,940,106.33 in the previous period[19] - Total comprehensive income for Q3 2023 was RMB 187,064,160.00, up from RMB 144,205,890.87 in the previous period[20] Market Expansion and Acquisitions - The increase in revenue was mainly due to the company's active market expansion, new customer growth, and the inclusion of Hebei Lizhun Machinery Manufacturing Co., Ltd., acquired in 2022[8] - The increase in equity attributable to shareholders was mainly due to the conversion of convertible bonds issued in 2022 and the increase in retained earnings[9]

Long-term Equity Investments - Long-term equity investments include equity investments in subsidiaries, joint ventures, and associates where the company has control, joint control, or significant influence[1] - The cost of long-term equity investments is determined by the fair value of the original equity investment plus the cost of new investments when additional investments result in significant influence or joint control[2] - Gains or losses from the disposal of long-term equity investments are recognized in current period profits when control or significant influence is lost[4] - The company determines the initial investment cost of long-term equity investments based on the merger cost on the acquisition date for business combinations not under common control[200] - Merger costs include the fair value of assets, liabilities, and equity securities issued by the acquirer to obtain control of the acquiree[200] - Audit, legal, valuation, and other intermediary fees related to the merger are recognized as expenses in the current period[200] - Transaction costs for equity or debt securities issued as merger consideration are included in the initial recognition amount of those securities[200] - Contingent consideration agreed in the merger agreement is included in the merger cost at its fair value on the acquisition date[200] - For step-by-step business combinations not under common control, the company assesses whether the transactions constitute a "package deal"[200] - If transactions are part of a "package deal," they are treated as a single transaction for accounting purposes[200] - If not a "package deal," the initial investment cost is the sum of the carrying amount of the previously held equity and the new investment cost[200] - Other comprehensive income related to previously held equity under the equity method is not recognized immediately[200] - For previously held equity classified as other equity instruments, the difference between fair value and carrying amount is transferred directly to retained earnings[200] Financial Performance and Key Metrics - Revenue for the first half of 2023 increased by 44.81% to RMB 9.19 billion compared to the same period last year[26] - Net profit attributable to shareholders rose by 44.02% to RMB 730.97 million in the first half of 2023[26] - Operating cash flow decreased by 31.85% to RMB 328.90 million due to increased inventory to meet higher sales orders[26] - The company's total assets grew by 13.27% to RMB 39.99 billion as of the end of the reporting period[26] - Basic earnings per share increased by 34.38% to RMB 0.43 in the first half of 2023[27] - The company's net assets attributable to shareholders increased by 42.21% to RMB 26.01 billion[26] - Revenue increased by 44.81% to RMB 9.19 billion, driven by market expansion and the inclusion of Hebei Lizhun Machinery Manufacturing Co., Ltd. in the consolidated financial statements[72] - Operating costs rose by 44.86% to RMB 7.05 billion, reflecting higher sales volume and increased material costs[72] - R&D expenses surged by 63.96% to RMB 45.04 million, supporting product innovation and competitiveness[72] - Net cash flow from operating activities decreased by 31.85% to RMB 32.89 million, primarily due to increased working capital requirements[72] - Net cash flow from investing activities dropped by 82.07% to RMB -220.67 million, mainly due to increased capital expenditures[72] - Revenue for the first half of 2023 reached 491,210,877.74 RMB, a significant increase from 345,122,712.85 RMB in the same period last year[135] - Net profit attributable to the parent company's shareholders was 73,097,377.71 RMB, compared to 50,755,998.79 RMB in the first half of 2022[134] - Operating profit for the first half of 2023 was 79,586,462.55 RMB, up from 58,554,017.05 RMB in the same period last year[134] - Total comprehensive income for the first half of 2023 was 175,258,656.59 RMB, compared to 75,617,489.44 RMB in the first half of 2022[141] - Basic earnings per share (EPS) for the first half of 2023 were 0.43 RMB, up from 0.32 RMB in the same period last year[141] - R&D expenses increased to 15,578,331.31 RMB in the first half of 2023, up from 12,380,541.05 RMB in the same period last year[135] - Other comprehensive income that can be reclassified to profit or loss was 96,370,902.24 RMB, a significant increase from 24,861,490.65 RMB in the first half of 2022[141] - The company's financial expenses showed a net benefit of 836,082.10 RMB in the first half of 2023, compared to a net benefit of 8,161,910.32 RMB in the same period last year[135] - The company's total assets as of the end of the first half of 2023 were 1,604,658,190.19 RMB[138] - Fair value change income (loss) was RMB 1,014,932.35, an increase of 8,750.00 compared to the previous period[142] - Credit impairment loss was RMB -3,416,073.40, a significant decrease from RMB 238,299.72 in the previous period[142] - Operating profit reached RMB 53,296,518.97, up from RMB 41,686,859.18 in the previous period[142] - Net profit was RMB 48,170,204.46, compared to RMB 37,499,466.75 in the previous period[142] - Cash received from sales of goods and services was RMB 794,855,013.26, up from RMB 520,588,447.57 in the previous period[143] - Cash paid for goods and services was RMB 525,281,094.45, compared to RMB 286,256,941.43 in the previous period[143] - Net cash flow from operating activities was RMB 32,890,211.92, down from RMB 48,261,161.74 in the previous period[143] - Net cash flow from financing activities was RMB 2,067,322.43, compared to RMB 8,415,045.13 in the previous period[144] - Net increase in cash and cash equivalents was RMB 29,824,531.33, up from RMB 3,004,987.07 in the previous period[144] - Total owner's equity at the beginning of the year was RMB 1,894,615,446.65[147] - Total comprehensive income for the period reached 175,258,656.59[149] - Owner's equity increased by 637,285,342.15, primarily due to capital contributions[149] - Other equity instruments holders contributed 633,227,720.89 to the capital[149] - Profit distribution amounted to 34,847,848.72[150] - The company's total assets at the end of the period were 2,672,311,596.67[155] - Retained earnings at the beginning of the year were 573,346,878.48[156] - Comprehensive income for the period increased by 75,617,489.44[156] - Capital contributions from owners totaled 23,247,180.00[156] - Total owner's equity at the beginning of the period was RMB 1,639,807,256.47[162] - Comprehensive income for the period amounted to RMB 48,170,204.46[162] - Owner's capital injection and reduction of capital totaled RMB 637,285,342.15[162] - Profit distribution to owners (or shareholders) was RMB 31,647,848.72[162] Business Operations and Market Trends - The company's main business includes automotive lightweighting, new energy vehicles, and related systems such as steering and transmission[17] - The company successfully developed and mass-produced air suspension castings, significantly increasing supply volume[20] - New projects for steering systems were secured with major clients including Li Auto, XPeng, NIO, and BMW[20] - The company successfully delivered batch orders for electronic control projects to leading domestic new energy vehicle manufacturers[20] - The global automotive production increased by 6.08% in 2022, reaching 85.02 million units[34] - Global sales of new energy passenger vehicles reached 10.65 million units in 2022, with a 68.7% year-on-year growth in the sales of plug-in hybrids, pure electric, and fuel cell vehicles[34] - China's new energy passenger vehicle sales accounted for 63% of the global market share in 2022[34] - In the first half of 2023, China's passenger vehicle production and sales reached 11.281 million and 11.268 million units, respectively, with year-on-year growth of 8.1% and 8.8%[35] - Commercial vehicle production and sales in China for the first half of 2023 were 1.967 million and 1.971 million units, respectively, with year-on-year growth of 16.9% and 15.8%[35] - New energy vehicle production and sales in China for the first half of 2023 were 3.788 million and 3.747 million units, respectively, with year-on-year growth of 42.4% and 44.1%[35] - The company has obtained 200 authorized patents as of June 30, 2023[38] - The company has introduced a 9000T die-casting unit, enhancing its capabilities in large-scale integrated structural parts production[38] - The company has established a comprehensive management system covering R&D, procurement, manufacturing, sales, and logistics, achieving AAA-level integration of informatization and industrialization management[40] - The company has advanced manufacturing equipment and automation levels, with die-casting automation reaching the standards of advanced countries in Europe and America[41] - The company's new energy business continues to grow, with an increasing proportion of new energy vehicle-related orders[43] - The company's Mexico factory has seen a continuous increase in deliveries, becoming a stronghold for business growth[44] - The company has developed a comprehensive solution for automotive systems, including steering, new energy three-electric systems (motor, battery, control), and body structural components[70] - The company completed the 2022 restricted stock incentive plan to retain and motivate core employees, aligning their interests with long-term company growth[71] - The company operates in the automotive parts and accessories manufacturing industry, specializing in precision casting and forging blanks for automobiles and motorcycles, as well as key components of energy-absorbing steering systems[190] Subsidiaries and Investments - The company's total assets for its subsidiary Rongtai Die Casting are RMB 1,930,880,500, with a net profit of RMB 28,276,000[54] - The company's subsidiary Zhuhai Rongtai has total assets of RMB 514,920,800, with a net profit of RMB 1,763,800[54] - The company's subsidiary Leon Rongtai reported a net loss of RMB 7,362,600, with total assets of RMB 886,830,100[54] - The company's subsidiary Lijun Machinery achieved a net profit of RMB 13,186,400, with total assets of RMB 220,466,100[54] - The company's overseas assets amount to RMB 886,722,427.16, accounting for 22.18% of total assets[47] - The company merged 7 subsidiaries (grandchildren) in the first half of 2023, with no changes in the scope of consolidation compared to the previous year[164] - The company consolidates financial statements based on control, including all subsidiaries, and eliminates internal transactions and balances[175] - Subsidiaries acquired through business combinations under common control are included in the consolidated financial statements as if they had been controlled since the beginning[176] - Subsidiaries acquired through non-common control business combinations are adjusted based on the fair value of identifiable net assets at the acquisition date[177] - Disposal of subsidiaries results in the inclusion of their income, expenses, and cash flows up to the disposal date, with re-measurement of remaining equity at fair value[178] - Transactions classified as "package deals" for disposing of subsidiary equity are treated as a single transaction, with differences recognized in other comprehensive income until control is lost[179] Financial Statements and Accounting Policies - The company's semi-annual report for 2023 is unaudited[10] - The company's semi-annual report is available on the website www.sse.com.cn[14] - The company's financial report is signed by the legal representative, the person in charge of accounting, and the accounting institution[16] - The company's semi-annual report covers the period from January 1, 2023, to June 30, 2023[17] - The company's financial statements comply with the requirements of the enterprise accounting standards, reflecting the company's financial status, operating results, changes in shareholders' equity, and cash flows[166] - The company's accounting period follows the calendar year from January 1 to December 31[167] - The company's functional currency is RMB[169] - The company's normal operating cycle is 12 months, used as the standard for classifying the liquidity of assets and liabilities[168] - The company's accounting policies and estimates include provisions for bad debts, depreciation of fixed assets, amortization of intangible assets, and revenue recognition principles[165] - The company recognizes deferred tax assets related to deductible temporary differences from business combinations if new information within 12 months indicates the benefits are realizable, reducing goodwill or recognizing the difference as current profit[173] - Transactions not classified as "package deals" are re-measured at fair value at the acquisition date, with differences recorded as current investment income or retained earnings[174] - Cash equivalents are defined as short-term, highly liquid investments with minimal risk of value change, typically maturing within three months[180] - Foreign currency transactions are recorded at the spot exchange rate on the transaction date, with exchange differences recognized in current profit or other comprehensive income[182] - Foreign currency financial statements are translated using the spot exchange rate on the balance sheet date for assets and liabilities, and the spot exchange rate at the time of occurrence for equity items except "retained earnings"[183] - The company uses the actual interest rate method to calculate the amortized cost of financial assets or liabilities and allocate interest income or expenses to each accounting period[184] - Financial liabilities measured at fair value with changes recognized in profit or loss are subsequently measured at fair value, with gains or losses recognized in profit or loss[185] - Embedded derivatives are separated from the host contract if the host contract is not a financial asset and certain conditions are met[186] - The company continues to recognize financial assets and corresponding liabilities if it neither transfers nor retains substantially all the risks and rewards of the financial asset but retains control[187] - Financial assets and liabilities are initially measured at fair value, with transaction costs either expensed immediately or included in the initial recognition amount depending on the classification[193] - Financial assets measured at fair value through other comprehensive income are subject to interest, impairment losses, and exchange differences being recognized in profit or loss, while other gains or losses are recognized in other comprehensive income[194] - Financial liabilities not classified as fair value through profit or loss or financial guarantee contracts are measured at amortized cost using the effective interest method[195] - The company recognizes financial asset transfers when it transfers the contractual rights to receive cash flows or delivers the financial asset to a party other than the issuer[196] - Expected credit losses for contract assets are determined using a simplified measurement method, with losses recognized based on the present value of the difference between contractual and expected cash flows[197] - Assets held for sale are measured at the lower of their carrying amount and fair value less costs to sell, with any subsequent increases in fair value less costs to sell being recognized as a recovery of previously recognized impairment losses[199] Share Capital and Ownership Structure - The company has no profit distribution plan or capital reserve to share capital conversion plan for the current reporting period[8] - The company's total share capital increased from 162,189,000 shares to 185,609,816 shares due to the conversion of convertible bonds[45] - The company's total share capital increased from 162,189,000 shares to 186,193,816 shares due to the conversion of convertible bonds and the issuance of restricted shares[97][99][100] - The company redeemed all "Rongtai Convertible Bonds" during the reporting period, with a cumulative conversion of 23,420,816 shares[99] - The company granted 584,000 restricted shares to 76 incentive targets at a price of 16.85 yuan per share[100] - The proportion of restricted shares held by domestic natural persons increased from 1.35% to 1.49%[97] - The proportion of foreign-held shares decreased from 23.28% to 20.28%[97] - The proportion of shares held by domestic non-state-owned legal entities decreased from 50.71% to 44.17%[97] - The proportion of shares held by state-owned legal entities remained unchanged[97] - The proportion of shares held by foreign natural persons decreased from 7.40% to 6.45%[97] - The proportion of shares held by foreign legal entities decreased from 15.88% to 13.83%[97] - The proportion of shares held by domestic natural persons increased from 1.35% to 1.49%[97] - The company's total share capital increased from 162,189,000 shares to 186,193,816 shares due to the conversion of Rongtai convertible bonds and the issuance of restricted shares to incentive targets, diluting earnings per share and net assets per share[101] - The cumulative number of shares converted from Rongtai convertible bonds reached 23,420,816 shares, accounting for 14.44% of the total shares issued before the conversion[108] - The company exercised the early redemption right for Rongtai convertible bonds, resulting in a total share capital increase from 162,189,000 shares to 185,609,816 shares[112] - The company's total registered capital is RMB 186.1938 million, with 122.773 million shares being restricted, accounting for 65.94% of the total shares, and 63.4208 million shares being unrestricted, accounting for 34.06% of the total shares[190] - Zhuhai Runcheng Investment Co., Ltd. holds 39.27% of total shares, with 73.13 million shares under lock-up until August 23, 2024[129][130] - Macau Runcheng International Co., Ltd. holds 13.83% of total shares, with 25.75 million