二、公司董事会提名委员会同意提名成三荣先生、金成成先生、 王建根先 生、 成磊先生为公司第三届董事会非独立董事候选人， 张玉虎先生、 陈翌先生、 陶奕先生为公司第三届董事会独立董事候选人，并提请董事会审议。 全体委员：沈勇、张玉虎、金成成 昆山沪光汽车电器股份有限公司 董事会提名委员会 昆山沪光汽车电器股份有限公司提名委员会 关于公司第三届董事会董事候选人的审查意见 根据《中华人民共和国公司法》（以下简称"《公司法》 " ）《上市公司独立 董事管理办法》《公司章程》《董事会议事规则》《董事会提名委员会议事规则》等 有关规定，公司董事会提名委员会查阅了相关董事候选人资料并广泛征求意见，公 司董事会提名委员会对公司第三届董事候选人履历等相关材料进行审查，发表审查 意见如下： 一、公司第三届董事候选人符合担任公司董事的任职条件，具备履行董事职 责的能力， 不存在《公司法》《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》等有关规定不得担任公司董事的情 形； 不存在中国证监会和上海证券交易所认定的不适合担任上市公司董事的情 形；独立董事候选人符合担任上市公司独立董事的任职条件 ...

证券代码：605333 证券简称：沪光股份 公告编号：2023-045 昆山沪光汽车电器股份有限公司 2023 年第一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 11 月 16 日 (二)股东大会召开的地点：江苏省昆山市张浦镇沪光路 388 号四楼会议室 二、 议案审议情况 (一) 非累积投票议案 1、 议案名称：关于修订《公司章程》及附件的议案 审议结果：通过 (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 | 76 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 358,821,405 | | 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 | 82.1522 | | 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。 本次会议由公司董事 ...

证券代码：605333 证券简称：沪光股份 公告编号：2023-047 昆山沪光汽车电器股份有限公司 第三届董事会第一次会议决议公告 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个别及连带责任。 一、董事会会议召开情况 （一）昆山沪光汽车电器股份有限公司（以下简称"公司"）第三届董事会第 一次会议通知已于 2023 年 11 月 6 日通过专人送达、电话及邮件等方式通知了全 体董事。 （二）本次会议于 2023 年 11 月 16 日以现场表决方式在江苏省昆山市张浦镇 沪光路 388 号四楼会议室召开。 （三）本次会议由董事成三荣先生召集并主持，会议应出席董事 7 人，实际 出席董事 7 人。公司监事、高级管理人员列席了本次会议。 （四）本次会议的召集、召开和表决程序符合有关法律、法规和《公司章程》 的规定，会议形成的决议合法有效。 二、董事会会议审议情况 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）及指定媒体 披露的《关于董事会、监事会完成换届选举并聘任高级管理人员的公告》。 表决结果：7 票同意、0 票 ...

具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）及指定媒体 披露的《关于董事会、监事会完成换届选举并聘任高级管理人员的公告》。 特此公告。 昆山沪光汽车电器股份有限公司 2023 年 11 月 17 日 昆山沪光汽车电器股份有限公司 关于选举第三届监事会职工代表监事的公告 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。 昆山沪光汽车电器股份有限公司（以下简称"公司"）第二届监事会任期即将 届满。根据《中华人民共和国公司法》《上海证券交易所股票上市规则》等法律、 法规及《公司章程》《监事会议事规则》等有关规定，公司于 2023 年 11 月 16 日 召开了第五届工会 2023 年第二次职工代表大会：民主选举陶晓坚先生担任公司第 三届监事会职工代表监事。 本次职工代表大会选举产生的职工代表监事将与公司 2023 年第一次临时股东 大会选举产生的两名非职工代表监事共同组成公司第三届监事会，任期三年，任 职日期与股东大会选举产生的股东代表监事相同。 证券代码：605333 证券简称：沪光股份 公告编号： ...

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于昆山沪光汽车电器股份有限公司 2023 年第一次临时股东大会的法律意见书 国枫律股字[2023]A0573 号 致：昆山沪光汽车电器股份有限公司（贵公司） 根据《股东大会规则》第五条及《从业办法》的相关要求，按照律师行业公 认的业务标准、道德规范和勤勉尽责精神，本所律师对贵公司提供的有关文件和 有关事项进行了核查和验证，现出具法律意见如下： 一、本次会议的召集、召开程序 1 （一）本次会议的召集 经查验，本次会议由贵公司第二届董事会第二十次会议决定召开并由董事会 召集。贵公司董事会于2023年10月27日在相关指定媒体及上海证券交易所网站 （http://www.sse.com.cn）公开发布了《昆山沪光汽车电器股份有限公司关于召 开2023年第一次临时股东大会的通知》，该通知载明了本次会议现场会议召开的 时间、地点，网络投票的时间及具体操作流程，股东有权亲自或委托代理人出席 股东大会并行使表决权，有权出席本次会议股东的股权登 ...

证券代码：605333 证券简称：沪光股份 公告编号：2023-048 昆山沪光汽车电器股份有限公司 第三届监事会第一次会议决议公告 本公司监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。 具体内容详见公司同日在上海证券交易所网站（www.sse.com.cn）及指定媒体 披露的《关于董事会、监事会完成换届选举并聘任高级管理人员的公告》。 表决结果：3 票同意、0 票反对、0 票弃权、0 票回避。 三、备查文件 1、《昆山沪光汽车电器股份有限公司第三届监事会第一次会议决议》。 特此公告。 一、监事会会议召开情况 昆山沪光汽车电器股份有限公司（以下简称"公司"）第三届监事会第一次会 议通知已于 2023 年 11 月 6 日通过专人送达、电话及邮件等方式发出。公司第三 届监事会第一次会议已于 2023 年 11 月 16 日在江苏省昆山市张浦镇沪光路 388 号 四楼会议室以现场会议方式召开。本次会议由监事朱雪青女士主持，应出席监事 3 人，实际出席监事 3 人。本次会议的通知、召开和表决程序符合《中华人民共和 国公司法》《公司章 ...

4、综上,我们同意聘任金成成先生担任公司总经理;同意聘任成磊先生担任 公司董事会秘书;同意聘任王建根先生担任公司财务总监;同意聘任成磊先生、史 媛媛女士、宋菅先生担任公司副总经理;同意聘任吴剑先生担任公司总工程师。 (以下无正文) 昆山沪光汽车电器股份有限公司独立董事 关于公司第三届董事会第一次会议相关议案的独立董事意见 根据《中华人民共和国证券法》《上市公司治理准则》《上海证券交易所股票上 市规则》《上市公司独立董事管理办法》等法律、法规及规范性文件和《公司章 程》的有关规定,作为公司的独立董事,本着认真、负责、实事求是的态度,对公 司第三届董事会第一次会议中的相关事项进行了认真细致审核,基于我们的独立判 断,现对本次董事会中《关于聘任公司总经理的议案》、《关于聘任公司董事会秘书 的议案》、《关于聘任公司财务总监的议案》《关于聘任公司副总经理及总工程师的 议案》等议案的发表独立意见如下: 1、经审阅公司高级管理人员候选人履历,未发现有《公司法》第 146 条规定 的情形,也未发现有被中国证监会及其他有关部门处罚和证券交易所惩戒的情况, 不存在《公司法》及《公司章程》中规定的不得担任公司高级管理人员的情形， ...

证券代码：605333 证券简称：沪光股份 公告编号：2023-049 昆山沪光汽车电器股份有限公司关于 董事会、监事会完成换届选举并聘任高级管理人员的公告 本公司监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。 昆山沪光汽车电器股份有限公司（以下简称"公司"）于 2023 年 11 月 16 日 召开了第五届工会 2023 年第二次职工代表大会，选举陶晓坚先生为公司第三届监 事会职工代表监事；公司于 2023 年 11 月 16 日召开了 2023 年第一次临时股东大 会，审议通过了《关于选举公司第三届董事会非独立董事的议》、《关于选举公司 第三届董事会独立董事的议案》、《关于选举公司第三届监事会非职工代表监事的 议案》。至此，公司完成董事会、监事会的换届选举，新一届董事会、监事会的任 期自 2023 年第一次临时股东大会审议通过之日起三年。 1 1、 董事长：成三荣先生（董事长简历见附件 1）； 2、 非独立董事：成三荣先生、金成成先生、王建根先生、成磊先生； 3、 独立董事：张玉虎先生、陈翌先生、陶奕先生。 1、 审计委员 ...

昆山沪光汽车电器股份有限公司 2023 年第一次临时股东大会 会议资料 2023 年 11 月 目录 | 2023 年第一次临时股东大会会议议程 | 3 | | --- | --- | | 2023 年第一次临时股东大会会议须知 | 5 | | 关于修订《公司章程》及附件的议案 | 6 | | 关于修订公司部分管理制度的议案 | 7 | | 关于选举公司第三届董事会非独立董事的议案 | 8 | | 关于选举公司第三届董事会独立董事的议案 | 10 | | 关于选举公司第三届监事会非职工代表监事的议案 | 12 | 2 / 12 昆山沪光汽车电器股份有限公司 2023 年第一次临时股东大会会议议程 会议召开方式：现场会议和网络投票相结合 现场会议时间：2023 年 11 月 16 日下午 2 点整 出席人员：公司股东、董事、监事、高级管理人员、公司聘请的律师及其他 相关人员。 网络投票时间：2023 年 11 月 16 日 采用上海证券交易所网络投票系统（http://vote.sseinfo.com/home），通过交易系统 投票平台的投票时间为股东大会召开当日的交易时间段，即 9:15-9:25，9:30- ...

[Report Cover and Important Notice](index=1&type=section&id=Report%20Cover%20and%20Important%20Notice) This section presents Kunshan Huguang Auto Electric Co., Ltd.'s Q3 2023 report, with the Board, Supervisory Board, and senior management guaranteeing its accuracy and unaudited status [Important Content Notice](index=1&type=section&id=Important%20Content%20Notice) This report is Kunshan Huguang Auto Electric Co., Ltd.'s Q3 2023 report, with the Board, Supervisory Board, and senior management guaranteeing its truthfulness, accuracy, and completeness, and stating that the financial statements are unaudited - Kunshan Huguang Auto Electric Co., Ltd. released its 2023 third-quarter report[1](index=1&type=chunk) - The company's Board of Directors, Supervisory Board, and senior management guarantee the report's truthfulness, accuracy, and completeness[2](index=2&type=chunk) - The third-quarter financial statements are unaudited[2](index=2&type=chunk) [Major Financial Data](index=1&type=section&id=I.%20Major%20Financial%20Data) This section details the company's key accounting data, financial indicators, non-recurring gains and losses, and explanations for significant financial changes during the reporting period [Key Accounting Data and Financial Indicators](index=1&type=section&id=Key%20Accounting%20Data%20and%20Financial%20Indicators) In the first three quarters of 2023, operating revenue slightly grew, but net profit attributable to shareholders, non-recurring net profit, basic EPS, and weighted average ROE significantly declined, while total assets and shareholders' equity also changed Key Financial Indicators for the First Three Quarters of 2023 | Item | Current Period (Q3) (yuan) | Year-on-Year Change (%) | Year-to-Date (YTD) (yuan) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 954,799,769.40 | 1.02 | 2,367,014,703.76 | 1.71 | | Net Profit Attributable to Listed Company Shareholders | 18,306,435.15 | -6.38 | -22,713,908.85 | -235.64 | | Net Profit Attributable to Listed Company Shareholders Excluding Non-Recurring Gains and Losses | 14,448,879.79 | -21.32 | -32,114,533.45 | -386.98 | | Net Cash Flow from Operating Activities | Not Applicable | Not Applicable | 84,241,915.84 | Not Applicable | | Basic Earnings Per Share (yuan/share) | 0.04 | -20 | -0.05 | -225.00 | | Diluted Earnings Per Share (yuan/share) | 0.04 | -20 | -0.05 | -225.00 | | Weighted Average Return on Net Assets (%) | 1.26 | Decreased by 0.80 percentage points | -1.54 | Decreased by 3.23 percentage points | Balance Sheet Indicators as of September 30, 2023 | Item | End of Current Period (2023.9.30) (yuan) | End of Prior Year (2022.12.31) (yuan) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 4,878,770,382.42 | 4,484,859,067.95 | 8.78 | | Owners' Equity Attributable to Listed Company Shareholders | 1,464,936,602.15 | 1,485,900,771.09 | -1.41 | [Non-Recurring Gains and Losses Items and Amounts](index=2&type=section&id=Non-Recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) During the reporting period, total non-recurring gains and losses amounted to 3.86 million yuan, with a cumulative 9.40 million yuan year-to-date, primarily from non-current asset disposal, tax refunds, and other non-operating items Non-Recurring Gains and Losses Items and Amounts | Item | Amount for Current Period (yuan) | Amount from Year-Beginning to End of Reporting Period (yuan) | | :--- | :--- | :--- | | Gains and Losses from Disposal of Non-Current Assets | 1,487,562.77 | 1,216,360.51 | | Tax Refunds or Reductions Due to Over-Approval, Lack of Formal Approval Documents, or Incidental Events | 3,668,002.22 | 9,713,099.93 | | Other Non-Operating Income and Expenses Apart from the Above | -295,276.73 | 541,843.03 | | Income Tax Impact | -1,002,732.90 | -2,070,623.05 | | Total | 3,857,555.36 | 9,400,680.42 | [Changes and Reasons for Major Accounting Data and Financial Indicators](index=3&type=section&id=Changes%20and%20Reasons%20for%20Major%20Accounting%20Data%20and%20Financial%20Indicators) Net profit attributable to shareholders and non-recurring net profit significantly declined due to lower-than-expected customer orders, reduced labor efficiency, increased unit costs, and higher period expenses, while net cash flow from operating activities turned positive due to strengthened sales collection management - Net profit attributable to listed company shareholders decreased by **235.64%** year-on-year from the beginning of the year to the end of the reporting period, and net profit excluding non-recurring gains and losses decreased by **386.98%** year-on-year[7](index=7&type=chunk) - The primary reasons for the decline in net profit were lower-than-expected and volatile customer orders, reduced labor efficiency, and increased unit costs in the first half of 2023, along with a faster year-on-year increase in period expenses due to increased talent reserves in the second half of 2022[7](index=7&type=chunk) - Net cash flow from operating activities from the beginning of the year to the end of the reporting period was **84,241,915.84 yuan**, primarily due to the company strengthening sales collection management and improving collection quality[2](index=2&type=chunk)[7](index=7&type=chunk) [Shareholder Information](index=4&type=section&id=II.%20Shareholder%20Information) This section presents the total number of common shareholders and the detailed holdings of the top ten shareholders, including their family relationships [Total Number of Common Shareholders, Preferred Shareholders with Restored Voting Rights, and Top Ten Shareholders' Holdings](index=4&type=section&id=Total%20Number%20of%20Common%20Shareholders%2C%20Preferred%20Shareholders%20with%20Restored%20Voting%20Rights%2C%20and%20Top%20Ten%20Shareholders%27%20Holdings) As of the end of the reporting period, the company had 18,394 common shareholders, with Cheng Sanrong and Jin Chengcheng holding 59.98% and 15.00% respectively among the top ten, indicating major shareholders with related party relationships - The total number of common shareholders at the end of the reporting period was **18,394**[10](index=10&type=chunk) Top 10 Shareholders' Holdings | Shareholder Name | Shareholder Nature | Number of Shares Held (shares) | Shareholding Ratio (%) | Share Status | Pledged, Frozen Shares (shares) | | :--- | :--- | :--- | :--- | :--- | :--- | | Cheng Sanrong | Domestic Natural Person | 262,000,000 | 59.98 | None | 0 | | Jin Chengcheng | Domestic Natural Person | 65,500,000 | 15.00 | None | 0 | | Bank of China Co., Ltd. - E Fund Supply-Side Reform Flexible Allocation Mixed Securities Investment Fund | Other | 10,011,227 | 2.29 | None | 0 | | Kunshan Detai Enterprise Management Center (Limited Partnership) | Domestic Non-State-Owned Legal Person | 3,925,700 | 0.90 | None | 0 | | Kunshan Detian Enterprise Management Center (Limited Partnership) | Domestic Non-State-Owned Legal Person | 3,780,882 | 0.87 | None | 0 | | Kunshan Yuanhai Enterprise Management Center (Limited Partnership) | Domestic Non-State-Owned Legal Person | 3,620,500 | 0.83 | None | 0 | | Cheng Feng | Domestic Natural Person | 3,500,000 | 0.80 | None | 0 | | Cheng Guohua | Domestic Natural Person | 3,100,000 | 0.71 | None | 0 | | Cheng Lei | Domestic Natural Person | 2,630,000 | 0.60 | None | 0 | | China Construction Bank Co., Ltd. - E Fund New Silk Road Flexible Allocation Mixed Securities Investment Fund | Other | 2,370,928 | 0.54 | None | 0 | - Jin Chengcheng is Cheng Sanrong's son, Cheng Feng is Cheng Sanrong's elder brother, Cheng Guohua is Cheng Sanrong's elder brother's son, and Cheng Lei is Cheng Feng's son, indicating family relationships among major shareholders[11](index=11&type=chunk) [Other Reminders](index=5&type=section&id=III.%20Other%20Reminders) This section addresses any other important operational information during the reporting period that investors should be aware of [Other Important Information Regarding the Company's Operating Performance During the Reporting Period Requiring Investor Attention](index=5&type=section&id=Other%20Important%20Information%20Regarding%20the%20Company%27s%20Operating%20Performance%20During%20the%20Reporting%20Period%20Requiring%20Investor%20Attention) During the reporting period, the company had no other important operating information requiring special attention from investors - The company states there is no other important operating information during the reporting period that requires investor attention[12](index=12&type=chunk) [Quarterly Financial Statements](index=6&type=section&id=IV.%20Quarterly%20Financial%20Statements) This section includes the unaudited consolidated balance sheet, income statement, and cash flow statement, reflecting the company's financial position, operating results, and cash flows for the first three quarters of 2023 [Type of Audit Opinion](index=6&type=section&id=Type%20of%20Audit%20Opinion) These quarterly financial statements are unaudited - These quarterly financial statements are unaudited[13](index=13&type=chunk) [Financial Statements](index=6&type=section&id=Financial%20Statements) This section presents the company's unaudited consolidated balance sheet, consolidated income statement, and consolidated cash flow statement, reflecting its financial position, operating results, and cash flows for the first three quarters of 2023 [Consolidated Balance Sheet](index=6&type=section&id=Consolidated%20Balance%20Sheet) As of September 30, 2023, total assets increased by 8.78% from the previous year-end, with both current and non-current assets rising, and total liabilities significantly grew, particularly short-term and long-term borrowings Major Balance Sheet Item Changes (September 30, 2023 vs December 31, 2022) | Item | September 30, 2023 (yuan) | December 31, 2022 (yuan) | Change Amount (yuan) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Monetary Funds | 379,928,795.29 | 272,896,205.79 | 107,032,589.50 | 39.22 | | Notes Receivable | 184,222,300.59 | 37,381,054.53 | 146,841,246.06 | 392.81 | | Inventories | 613,240,122.98 | 749,319,760.42 | -136,079,637.44 | -18.16 | | Fixed Assets | 1,440,785,789.04 | 1,238,532,573.37 | 202,253,215.67 | 16.33 | | Construction in Progress | 251,480,426.76 | 189,871,362.06 | 61,609,064.70 | 32.45 | | Short-Term Borrowings | 851,574,213.89 | 680,632,513.89 | 170,941,700.00 | 25.11 | | Long-Term Borrowings | 727,700,000.00 | 483,000,000.00 | 244,700,000.00 | 50.66 | | Total Liabilities | 3,413,833,780.27 | 2,998,958,296.86 | 414,875,483.41 | 13.83 | | Total Owners' Equity Attributable to Parent Company | 1,464,936,602.15 | 1,485,900,771.09 | -20,964,168.94 | -1.41 | | Total Assets | 4,878,770,382.42 | 4,484,859,067.95 | 393,911,314.47 | 8.78 | [Consolidated Income Statement](index=9&type=section&id=Consolidated%20Income%20Statement) In the first three quarters of 2023, total operating revenue grew by 1.71% year-on-year, but total operating costs increased more rapidly, leading to a shift from operating profit to loss, with both net profit and net profit attributable to parent company shareholders showing losses, and R&D and financial expenses significantly increasing Major Income Statement Item Changes (First Three Quarters of 2023 vs First Three Quarters of 2022) | Item | First Three Quarters of 2023 (yuan) | First Three Quarters of 2022 (yuan) | Change Amount (yuan) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Total Operating Revenue | 2,367,014,703.76 | 2,327,295,657.20 | 39,719,046.56 | 1.71 | | Total Operating Costs | 2,412,550,922.21 | 2,324,882,197.15 | 87,668,725.06 | 3.77 | | Selling Expenses | 12,234,342.11 | 8,687,290.07 | 3,547,052.04 | 40.83 | | Administrative Expenses | 106,769,977.09 | 84,377,107.55 | 22,392,869.54 | 26.54 | | Research and Development Expenses | 151,425,014.41 | 113,268,077.44 | 38,156,936.97 | 33.69 | | Financial Expenses | 40,920,267.95 | 34,832,926.52 | 6,087,341.43 | 17.48 | | Operating Profit | -27,854,615.82 | 18,788,970.00 | -46,643,585.82 | -248.26 | | Net Profit | -22,713,908.85 | 16,746,092.71 | -39,460,001.56 | -235.64 | | Net Profit Attributable to Parent Company Shareholders | -22,713,908.85 | 16,746,092.71 | -39,460,001.56 | -235.64 | | Basic Earnings Per Share (yuan/share) | -0.05 | 0.04 | -0.09 | -225.00 | [Consolidated Cash Flow Statement](index=11&type=section&id=Consolidated%20Cash%20Flow%20Statement) In the first three quarters of 2023, net cash flow from operating activities turned positive due to increased sales collections, while net cash outflow from investing activities decreased, and net cash inflow from financing activities significantly declined, mainly impacted by reduced capital contributions Major Cash Flow Statement Item Changes (First Three Quarters of 2023 vs First Three Quarters of 2022) | Item | First Three Quarters of 2023 (yuan) | First Three Quarters of 2022 (yuan) | Change Amount (yuan) | | :--- | :--- | :--- | :--- | | Cash Received from Sales of Goods and Provision of Services | 2,490,255,887.01 | 2,072,448,758.20 | 417,807,128.81 | | Net Cash Flow from Operating Activities | 84,241,915.84 | -221,886,453.72 | 306,128,369.56 | | Cash Paid for Acquisition of Fixed Assets, Intangible Assets, and Other Long-Term Assets | 364,351,396.70 | (Not Listed) | (Cannot Calculate) | | Net Cash Flow from Investing Activities | -353,677,416.36 | -553,795,945.23 | 200,118,528.87 | | Cash Received from Capital Contributions | 0 | 693,051,878.56 | -693,051,878.56 | | Cash Received from Borrowings | 1,027,000,000.00 | 784,000,000.00 | 243,000,000.00 | | Net Cash Flow from Financing Activities | 324,196,203.58 | 938,948,651.71 | -614,752,448.13 | | Net Increase in Cash and Cash Equivalents | 54,754,847.28 | 163,198,649.44 | -108,443,802.16 | [Adjustments for First-Time Adoption of New Accounting Standards](index=13&type=section&id=Adjustments%20for%20First-Time%20Adoption%20of%20New%20Accounting%20Standards%20or%20Interpretations%20from%202023) This section explains the adjustments made to the financial statements at the beginning of the year due to the first-time adoption of new accounting standards [Explanation of Reasons for Adjusting Financial Statements at the Beginning of the Year](index=13&type=section&id=Explanation%20of%20Reasons%20for%20Adjusting%20Financial%20Statements%20at%20the%20Beginning%20of%20the%20Year) The company adopted the provisions of Interpretation No. 16 of Accounting Standards for Business Enterprises issued by the Ministry of Finance starting from January 1, 2023 - The company adopted Interpretation No. 16 of Accounting Standards for Business Enterprises issued by the Ministry of Finance starting from January 1, 2023[22](index=22&type=chunk) [Consolidated Balance Sheet (Adjusted)](index=13&type=section&id=Consolidated%20Balance%20Sheet%20(Adjusted)) The first-time adoption of new accounting standards resulted in an increase of 287,410.40 yuan in deferred income tax assets, 110,718.67 yuan in deferred income tax liabilities, and 176,691.73 yuan in retained earnings on the consolidated balance sheet as of January 1, 2023, with total assets and total liabilities and owners' equity increasing by 287,410.40 yuan accordingly Impact of First-Time Adoption of New Accounting Standards on Consolidated Balance Sheet (January 1, 2023) | Item | December 31, 2022 (yuan) | January 1, 2023 (yuan) | Adjustment Amount (yuan) | | :--- | :--- | :--- | :--- | | Deferred Income Tax Assets | 44,263,933.08 | 44,551,343.48 | 287,410.40 | | Deferred Income Tax Liabilities | 0 | 110,718.67 | 110,718.67 | | Retained Earnings | 223,551,015.17 | 223,727,706.90 | 176,691.73 | | Total Owners' Equity Attributable to Parent Company | 1,485,900,771.09 | 1,486,077,462.82 | 176,691.73 | | Total Assets | 4,484,859,067.95 | 4,485,146,478.35 | 287,410.40 | | Total Liabilities and Owners' Equity | 4,484,859,067.95 | 4,485,146,478.35 | 287,410.40 | [Special Announcement](index=15&type=section&id=Special%20Announcement) This section formally announces the release of the report by the company's Board of Directors [Announcement Release](index=15&type=section&id=Announcement%20Release) This report was released by the Board of Directors of Kunshan Huguang Auto Electric Co., Ltd. on October 26, 2023 - The Board of Directors of Kunshan Huguang Auto Electric Co., Ltd. released this report on October 26, 2023[26](index=26&type=chunk)