证券代码：605288 证券简称：凯迪股份 公告编号：2023-028 常州市凯迪电器股份有限公司 第三届董事会第九次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 有限公司独立董事工作制度>的议案》 近期，证监会发布《上市公司独立董事管理办法》（证监会令第 220 号）。为了确保 执行落实到位，切实发挥独立董事的应有作用，公司严格按照《上市公司独立董事管理 办法》的相关规定，相应修改公司《常州市凯迪电器股份有限公司独立董事工作制度》， 为独立董事履职提供保障。 本议案尚需提交公司股东大会审议。 一、董事会会议召开情况 常州市凯迪电器股份有限公司（以下简称"公司"）第三届董事会第九次会议于 2023 年 10 月 24 日以书面、电话和电子邮件方式发出，并于 2023 年 10 月 30 日在公司会议 室以现场结合通讯表决的方式召开。本次会议应出席董事 7 人，实际出席董事 7 人，公 司监事及高级管理人员列席本次会议。本次会议由董事长周荣清主持，本次董事会的召 集、召开符合《中华人民共和国公司法》和《常州市凯迪 ...

证券代码：605288 证券简称：凯迪股份 公告编号：2023-027 常州市凯迪电器股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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： 委托理财受托方：江苏江南农村商业银行股份有限公司常州市经济开发区支行（以 下简称"江南农商行"） 本次委托理财金额：暂时闲置募集资金人民币10,000万元 委托理财产品名称：富江南之瑞禧系列JR1901期结构性存款 履行的审议程序：上述事项已经常州市凯迪电器股份有限公司（以下简称"公司"） 第三届董事会第六次会议、第三届监事会第六次会议以及2022年年度股东大会审议通过， 同时全体独立董事及保荐机构发表了明确同意意见。具体内容详见2023年4月28日公司于 上海证券交易所网站www.sse.com.cn披露的《关于使用部分闲置募集资金进行现金管理的 公告》。 特别风险提示：尽管本次董事会授权购买进行现金管理的产品均为安全性高、流动 性好、具有合法经营资格的金融机构销售的保本型的理财产品或存款类产品，单项产品 期限最长不 ...

证券代码：605288 证券简称：凯迪股份 公告编号：2023-026 常州市凯迪电器股份有限公司 关于召开 2023 年半年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 会议召开时间：2023 年 09 月 19 日(星期二)下午 13:00-14:00 （三） 会议召开方式：上证路演中心网络互动 三、 参加人员 总经理：周殊程 会议召开地点：上海证券交易所上证路演中心（网址： https://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 09 月 12 日(星期二)至 09 月 18 日(星期 一)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 zqb@czkaidi.cn 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。 常州市凯迪电器股份有限公司（以下简称"公司"）已于 2023 年 8 月 31 日发布公司 2023 年半年度报告，为便于广大投资者更全面深 入地了解公司 202 ...

Financial Performance - The company's operating revenue for the first half of 2023 was approximately RMB 553.42 million, a decrease of 10.26% compared to RMB 616.65 million in the same period last year[19]. - The net profit attributable to shareholders for the first half of 2023 was approximately RMB 49.96 million, representing an increase of 47.54% from RMB 33.86 million in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately RMB 44.70 million, up 74.57% from RMB 25.61 million year-on-year[19]. - The net cash flow from operating activities increased significantly to approximately RMB 106.30 million, a 599.08% increase compared to RMB 15.21 million in the same period last year[19]. - The weighted average return on net assets for the first half of 2023 was 2.38%, an increase of 0.75 percentage points from 1.63% in the previous year[18]. - The basic earnings per share for the first half of 2023 were RMB 0.71, representing a 47.92% increase from RMB 0.48 in the same period last year[18]. Assets and Liabilities - The total assets at the end of the reporting period were approximately RMB 2.63 billion, an increase of 5.24% from RMB 2.50 billion at the end of the previous year[19]. - The net assets attributable to shareholders at the end of the reporting period were approximately RMB 2.11 billion, a slight increase of 1.59% from RMB 2.08 billion at the end of the previous year[19]. - The total liabilities amounted to CNY 514,200,259.50, compared to CNY 416,501,929.26, marking an increase of approximately 23.4%[107]. - Shareholders' equity rose to CNY 2,114,591,454.03 from CNY 2,081,447,346.23, showing an increase of about 1.6%[107]. Market Trends - The smart home market in China grew from 222 billion RMB in 2016 to 721.5 billion RMB in 2022, with a compound annual growth rate (CAGR) of 21.71%[24]. - The B2B furniture e-commerce market reached a transaction scale of 11,890 billion RMB in 2022, growing by 8.24% year-on-year[24]. - The automotive industry faced a significant decline in production and sales, with the top ten companies accounting for 83.43% of total sales in the first half of 2023[27]. - The penetration rate of electric tailgates in the domestic passenger car market is currently between 10%-20%, with expectations for growth due to rising demand for smart vehicles[27]. Business Strategy and Development - The company aims to leverage its cost-effectiveness and rapid response capabilities to break the dominance of foreign brands in the electric tailgate market[27]. - The company has expanded its business into multiple fields, including smart home, smart office, automotive parts, medical care, and industrial transmission[28]. - The company has maintained stable business development and continuous innovation through increased R&D investment and talent acquisition[28]. - The company plans to focus on market expansion and new product development in the upcoming quarters[108]. Cash Flow and Investments - The company has a strong cash position with ¥974,101,272.40 in cash, representing 37.06% of total assets, an increase of 36.66% year-on-year[35]. - The company has reduced its investment projects, leading to a net cash flow from investing activities of ¥167,519,692.64, an increase of 271.14% compared to the previous year[34]. - The company reported a total revenue of 63,921,178.20 USD from its wholly-owned subsidiary in the US, with a net profit of 7,459,831.65 USD[42]. Risks and Challenges - The company faces risks related to technological innovation, as it must keep pace with industry advancements to maintain its competitive edge[43]. - Rising labor costs in China pose a risk to the company's profitability, despite efforts to optimize products and improve automation[45]. - Fluctuations in raw material prices, including steel and aluminum, significantly impact the company's production costs[45]. - Trade tensions, particularly with the US, could adversely affect the company's operations and financial performance[46]. Shareholder Commitments and Governance - The controlling shareholders committed to a 36-month lock-up period for their shares post-IPO, with an automatic extension of 6 months if the stock price falls below the issue price for 20 consecutive trading days within the first 6 months[64]. - The company pledged to initiate stock repurchase measures if the closing price falls below the audited net asset value per share for 20 consecutive trading days within three years post-IPO[66]. - The company will ensure that any related party transactions are conducted on a fair and equitable basis, adhering to market prices[71]. - The company commits to ensuring that the prospectus for the public offering does not contain false statements, misleading representations, or significant omissions, and will repurchase shares if such issues are identified within 20 trading days[74]. Accounting and Financial Reporting - The company adheres to the accounting standards for enterprises, ensuring that the financial statements accurately reflect its financial position and operating results[153]. - The company’s accounting records are maintained in Renminbi[156]. - The company assesses expected credit losses for various receivables and contract assets using historical credit loss experience and future economic forecasts[180]. - The company applies impairment testing for long-term assets, including fixed assets and intangible assets, if there are indications of impairment[194].

证券代码：605288 证券简称：凯迪股份 公告编号：2023-017 常州市凯迪电器股份有限公司 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： 会议召开时间：2023 年 06 月 02 日(星期五) 上午 10:00-11:00 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 05 月 27 日(星期六) 至 06 月 01 日(星期 四)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 zqb@czkaidi.cn 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。 常州市凯迪电器股份有限公司（以下简称"公司"）已于 2023 年 4 月 28 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 06 月 02 日 上 ...

Financial Performance - The company achieved a net profit attributable to shareholders of RMB 48.58 million in 2022, a decrease of 58.33% compared to RMB 116.58 million in 2021[11] - Total revenue for 2022 was RMB 1.17 billion, down 31.80% from RMB 1.72 billion in 2021[11] - Basic earnings per share for 2022 were RMB 0.69, down 58.68% from RMB 1.67 in 2021[12] - Net profit attributable to shareholders was CNY 48,579,161.21, down 58.33% year-on-year[20] - The net profit after deducting non-recurring gains and losses was CNY 38,114,963.73, a decline of 58.74% year-on-year[20] Cash Flow and Dividends - The company’s operating cash flow was RMB 105.40 million, a significant recovery from a negative cash flow of RMB 43.37 million in the previous year[11] - The company plans to distribute a cash dividend of RMB 2.70 per 10 shares, totaling RMB 18.95 million, representing a cash dividend payout ratio of 39.02%[3] - The company reported a net cash flow from operating activities of CNY 24,027,243.64 in Q4[13] Assets and Shareholder Information - The company's total assets decreased by 14.55% to RMB 2.50 billion in 2022 from RMB 2.92 billion in 2021[11] - Net assets attributable to shareholders increased by 1.27% year-on-year, totaling CNY 2,080,404,430.49[20] - The total number of ordinary shareholders increased to 9,700 by the end of the reporting period[15] - The largest shareholder, Changzhou Kaizhong Investment Co., Ltd., holds 44.64% of the shares[16] - The company experienced a total asset decrease of 14.55% year-on-year, amounting to CNY 2,497,949,275.49[20] Product Development and Innovation - The company holds 27 invention patents, 225 utility model patents, and 98 design patents as of the end of the reporting period[10] - The company is expanding its product applications into new fields, including photovoltaic tracking systems[10] - The company is focusing on the development of linear drive systems for various applications, including smart home, medical care, and automotive sectors[7] - The company plans to focus on market expansion and new product development in the upcoming fiscal year[20] Supplier Relationships - The company has established long-term procurement relationships with major suppliers to ensure timely supply of materials[10]

Financial Performance - The company's operating revenue for Q1 2023 was ¥226,604,562.73, a decrease of 22.77% compared to the same period last year[5]. - Net profit attributable to shareholders was ¥19,535,687.67, an increase of 137.67% year-on-year[5]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥15,873,709.91, up 2,496.31% compared to the previous year[5]. - Basic earnings per share increased to ¥0.28, representing a growth of 133.33%[6]. - Diluted earnings per share rose to ¥0.23, reflecting an increase of 91.67%[6]. - The weighted average return on equity was 0.93%, an increase of 0.53 percentage points from the previous year[6]. - The company reported a net profit margin improvement, with net profit for Q1 2023 expected to show a positive trend compared to the previous year[22]. - The company's net profit for Q1 2023 was CNY 19,535,687.67, a significant increase of 137.5% compared to CNY 8,219,571.09 in Q1 2022[23]. - The operating profit for Q1 2023 was CNY 23,666,295.64, compared to CNY 10,432,281.91 in Q1 2022, reflecting a growth of 126.5%[23]. Revenue and Costs - Total operating revenue for Q1 2023 was RMB 226,604,562.73, a decrease of 22.7% compared to RMB 293,400,502.46 in Q1 2022[22]. - Total operating costs for Q1 2023 were RMB 208,434,753.43, down 30.2% from RMB 298,506,247.03 in Q1 2022[22]. - Operating costs included RMB 158,022,062.88 in cost of goods sold, which decreased from RMB 245,340,598.09 in the previous year[22]. - Total revenue from operating activities decreased to CNY 252,707,565.21 in Q1 2023, down 31.1% from CNY 367,649,301.64 in Q1 2022[25]. - The total operating expenses for Q1 2023 were CNY 47,755,157.99, a decrease from CNY 50,328,000.00 in Q1 2022[23]. Assets and Liabilities - Total assets at the end of the reporting period were ¥2,575,448,780.87, up 3.10% from the end of the previous year[6]. - Cash and cash equivalents as of March 31, 2023, were RMB 717,666,390.45, slightly up from RMB 712,770,548.43 at the end of 2022[17]. - Accounts receivable decreased to RMB 213,391,052.52 from RMB 280,991,130.59 year-over-year, indicating improved collection efficiency[17]. - Inventory increased to RMB 342,497,904.77 from RMB 296,533,933.16, reflecting a 15.5% rise[17]. - Total assets as of March 31, 2023, were RMB 2,575,448,780.87, compared to RMB 2,497,949,275.49 at the end of 2022, marking a growth of 3.1%[18]. - Total liabilities increased to RMB 472,306,434.14 from RMB 416,501,929.26, representing a rise of 13.4%[18]. - Shareholders' equity as of March 31, 2023, was RMB 2,103,142,346.73, up from RMB 2,081,447,346.23, indicating a growth of 1.0%[19]. Cash Flow - The net cash flow from operating activities was ¥1,050,459.15, a decrease of 77.42% due to a decline in export tax rebates[11]. - The company reported a net cash flow from operating activities of CNY 1,050,459.15, down 77.6% from CNY 4,652,763.91 in the same period last year[25]. - Investment activities resulted in a net cash outflow of CNY 109,494,260.63 in Q1 2023, compared to a net inflow of CNY 112,221,259.60 in Q1 2022[27]. - The company's total cash and cash equivalents at the end of Q1 2023 were CNY 577,631,854.67, down from CNY 684,846,125.75 at the end of Q1 2022[27]. Other Financial Metrics - The company reported non-recurring gains of ¥3,661,977.76 after tax[9]. - The number of common shareholders at the end of the reporting period was 9,201[13]. - The company experienced a foreign exchange gain of CNY 8,858,985.97 in Q1 2023, compared to a loss of CNY -7,088,375.31 in Q1 2022[27]. - The total comprehensive income for Q1 2023 was CNY -14,024,099.67, a decline from CNY 6,766,308.74 in Q1 2022[24].

2022年年度报告 公司代码：605288 公司简称：凯迪股份 常州市凯迪电器股份有限公司 2022 年年度报告 ...

Financial Performance - The company's operating revenue for Q3 2022 was ¥267,058,637.06, a decrease of 36.26% compared to the same period last year[5] - The net profit attributable to shareholders for Q3 2022 was ¥10,286,749.30, down 63.88% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥6,839,228.07, reflecting a decline of 70.4% compared to the previous year[5] - The basic earnings per share for Q3 2022 was ¥0.15, a decrease of 63.41% year-on-year[6] - The net profit attributable to shareholders for the year-to-date period was ¥44,151,617.93, down 50.31% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2022 was CNY 883,712,232.89, a decrease of 25.7% compared to CNY 1,189,965,846.89 in the same period of 2021[20] - Net profit for the third quarter of 2022 was CNY 44,151,617.93, a decline of 50.3% from CNY 88,862,006.80 in the same quarter of 2021[21] - Basic and diluted earnings per share for the third quarter of 2022 were both CNY 0.63, down from CNY 1.26 in the same quarter of 2021[22] - The company’s total comprehensive income for the third quarter of 2022 was CNY 54,579,856.46, down from CNY 91,439,345.09 in the same quarter of 2021[22] Assets and Liabilities - The total assets at the end of Q3 2022 amounted to ¥2,564,172,684.14, a decrease of 12.28% from the end of the previous year[6] - Total current assets as of September 30, 2022, amount to ¥1,593,508,628.35, a decrease from ¥2,057,340,933.92 at the end of 2021[16] - Total assets as of September 30, 2022, are ¥2,564,172,684.14, down from ¥2,923,229,706.33[17] - Total liabilities as of the end of the third quarter of 2022 amounted to CNY 491,033,559.37, a significant reduction from CNY 868,955,458.06 at the end of the previous year[19] - Total equity attributable to shareholders of the parent company was CNY 2,073,139,124.77, an increase from CNY 2,054,274,248.27 in the previous year[19] Cash Flow - The cash flow from operating activities for the year-to-date period was ¥81,369,814.70, showing a significant increase of 329.94%[6] - The net cash flow from operating activities for Q3 2022 was ¥81,369,814.70, a significant improvement compared to a negative cash flow of ¥35,388,046.87 in Q3 2021[26] - Total cash inflow from investment activities was ¥776,685,609.25, while cash outflow was ¥619,406,801.98, resulting in a net cash flow of ¥157,278,807.27, compared to a negative cash flow of ¥127,709,842.10 in the previous year[26] - The cash flow from financing activities showed a net outflow of ¥46,997,607.34, slightly improved from a net outflow of ¥51,073,331.16 in Q3 2021[27] - The total cash and cash equivalents at the end of Q3 2022 amounted to ¥774,637,111.28, an increase from ¥370,744,954.70 at the end of Q3 2021[27] Shareholder Information - Total number of common shareholders at the end of the reporting period is 10,223[13] - The largest shareholder, Changzhou Kaizhong Investment Co., Ltd., holds 31,500,000 shares, accounting for 44.6% of total shares[13] - The company has a total of 99.11% ownership in Changzhou Kaizhong Investment Co., Ltd. and 69.38% in Changzhou Kaiheng Investment Center[14] - The top ten shareholders collectively hold a significant portion of the company's shares, indicating concentrated ownership[14] Operational Challenges - The company experienced a decline in sales due to the impact of the pandemic, resulting in reduced orders and lower sales volume[10] Research and Development - Research and development expenses for the first three quarters of 2022 were CNY 45,752,520.45, a decrease of 8.1% from CNY 49,778,018.57 in the same period of 2021[20] Non-Recurring Items - The company reported non-recurring gains totaling ¥3,456,763.98 for the year-to-date period, down from ¥11,713,179.10 in the previous year[10] - The company reported a financial asset impairment loss of CNY 2,676,967.18 in the third quarter of 2022, compared to a loss of CNY 6,983,784.91 in the same quarter of 2021[21] Cash Management - Cash received from sales of goods and services in the first three quarters of 2022 was CNY 1,117,708,938.83, a decrease of 7.9% compared to CNY 1,213,085,006.01 in the same period of 2021[25] - The company received tax refunds totaling ¥25,399,930.51 in Q3 2022, compared to ¥60,257,035.55 in Q3 2021[26] - Cash received from other operating activities was ¥95,927,589.35, an increase from ¥51,268,883.75 in the same quarter last year[26] - The company paid ¥218,957,457.28 in employee compensation during Q3 2022, down from ¥272,676,068.20 in Q3 2021[26] - The cash inflow from the recovery of investments was ¥765,214,773.84, a decrease from ¥2,120,755,475.31 in the previous year[26] - The company reported a total cash outflow for purchasing goods and services of ¥872,206,993.84, slightly lower than ¥892,927,502.46 in Q3 2021[26] - The impact of exchange rate changes on cash and cash equivalents was a positive ¥7,918,290.85 in Q3 2022, compared to a negative impact of ¥4,341,899.65 in Q3 2021[27]

Financial Performance - The company's operating revenue for the first half of 2022 was RMB 616,653,595.83, a decrease of 20.02% compared to RMB 771,016,442.63 in the same period last year[16]. - The net profit attributable to shareholders of the listed company was RMB 33,864,868.63, down 43.92% from RMB 60,386,318.96 in the previous year[16]. - The net profit after deducting non-recurring gains and losses was RMB 25,608,453.51, a decrease of 47.03% compared to RMB 48,345,907.53 in the same period last year[16]. - Basic earnings per share for the first half of 2022 were RMB 0.48, down 59.80% from RMB 1.20 in the same period last year[17]. - The diluted earnings per share were RMB 0.48, a decrease of 59.66% from RMB 1.19 in the previous year[18]. - The weighted average return on net assets was 1.63%, down from 3.03% in the same period last year, a decrease of 1.4 percentage points[18]. - The company reported a significant decrease in short-term borrowings, which were not detailed in the provided data but are expected to impact liquidity positively[106]. - The company reported a total equity attributable to shareholders of CNY 2,054,274,248.27 as of the end of the reporting period[127]. - The comprehensive income for the first half of 2022 was CNY 36,828,600.96, reflecting the company's performance during this period[127]. Cash Flow and Assets - The net cash flow from operating activities was RMB 15,205,153.70, a significant improvement from a negative RMB 19,314,051.16 in the previous year[16]. - The total assets at the end of the reporting period were RMB 2,642,489,429.62, a decrease of 9.60% from RMB 2,923,229,706.33 at the end of the previous year[16]. - The company's total current assets decreased to CNY 1,748,526,545.77 from CNY 2,057,340,933.92, representing a reduction of about 15%[106]. - Cash and cash equivalents decreased to CNY 601,268,847.31 from CNY 653,758,706.47, a decline of approximately 8%[106]. - Accounts receivable dropped significantly to CNY 269,161,267.19 from CNY 450,215,152.78, indicating a decrease of around 40%[106]. - Inventory levels decreased to CNY 380,546,205.59 from CNY 451,384,863.38, reflecting a decline of about 16%[106]. - The ending balance of cash and cash equivalents was CNY 514,900,849.59, up from CNY 433,227,099.33 at the end of the previous year[124]. Market and Industry Insights - The company operates in the smart linear drive system sector, with a focus on applications in smart homes, smart offices, automotive parts, medical care, and industrial transmission[22]. - The smart home market in China has a low penetration rate of 4.4%, compared to 47.8% in the U.S., indicating significant growth potential[23]. - The electric height-adjustable desk market in Europe and the U.S. has a penetration rate exceeding 25%, with increasing demand for ergonomic solutions in the post-pandemic era[23]. - The functional children's learning products market in China was valued at ¥188 billion in 2021, with expectations to reach ¥398 billion by 2025, indicating a strong growth trajectory[24]. - The automotive industry faced challenges due to the pandemic, but production and sales of passenger cars in China grew by 6% and 3.4% respectively in the first half of the year[24]. Risks and Challenges - The company faces risks related to technological innovation and market demand fluctuations in downstream industries[40]. - The export tax rebate rate for the company's main products is currently 13%, and any changes could impact operating costs and performance[40]. - The company faces intensified competition in the linear drive industry, with risks of customer loss and declining market share if it cannot maintain its technological and service advantages[41]. - Rising labor costs are a significant concern, with the company increasing worker salaries to attract skilled labor, but still facing challenges in meeting workforce demands[41]. - Fluctuations in raw material prices, including steel and aluminum, could adversely impact production costs and overall business performance[43]. - The company has a high proportion of export revenue, primarily settled in USD and EUR, making it susceptible to exchange rate fluctuations, which could negatively affect financial results if the RMB appreciates[43]. - Trade tensions with the US have led to tariffs on exported products, prompting the company to establish a production base in Vietnam to mitigate impacts[43]. Corporate Governance and Management - The company has undergone significant changes in its board and management, with new independent directors and supervisors elected to ensure effective governance[50]. - The company appointed Zhou Rongqing as the chairman of the board and Zhou Shucheng as the general manager during the first meeting of the third board of directors[51]. - The company has committed to fulfilling various promises related to share restrictions and related party transactions, all of which are being adhered to[60]. - The controlling shareholders have committed to a 36-month lock-up period for their shares post-IPO, with an automatic extension of 6 months if the stock price falls below the issue price for 20 consecutive trading days within the first 6 months[61]. Shareholder Information - The total number of shares decreased from 70,682,360 to 70,663,040 due to the repurchase and cancellation of 19,320 shares at a price of 42.35 yuan per share[90]. - The proportion of limited sale shares decreased from 75.25% to 74.95% after the share repurchase[88]. - The company’s core employees hold a total of 402,388 restricted shares after the release[92]. - The company’s stock incentive plan allows for the release of shares in a ratio of 30%, 30%, and 40% over three years[93]. Compliance and Environmental Responsibility - The company has not faced any administrative penalties related to environmental issues and has passed ISO14001 certification for its environmental management system[57]. - The company has upgraded its waste gas treatment facilities to reduce industrial waste gas emissions and improve workshop air quality[57]. - The company has committed to fully bear any social insurance and housing fund payments required due to policy adjustments[75]. Financial Reporting and Accounting Policies - The company’s financial statements comply with the requirements of enterprise accounting standards, ensuring transparency and accuracy[146]. - The company recognizes revenue based on the progress of performance obligations over time or at a point in time, depending on specific criteria being met[199]. - For performance obligations fulfilled over time, revenue is recognized according to the progress made during that period[200].