交控科技股份有限公司独立董事 关于第三届董事会第十五次会议相关事项的事前认可意见 根据《中华人民共和国公司法》《中华人民共和国证券法》《上海证券交易所 科创板股票上市规则》《上市公司独立董事规则》《交控科技股份有限公司章程》 （以下简称"《公司章程》"）的有关规定，作为公司的独立董事，仔细审阅第三 届董事会第十五次会议审议的相关议案后，发表事前认可意见如下： 一、《关于新增日常关联交易的议案》 根据了解，我们认为公司本次拟与关联方北京城市轨道交通咨询有限公司、 北京京投信安科技发展有限公司发生的日常关联交易事项，符合公司实际经营的 需要，系公司按照公平、公正、公开原则开展，不存在损害公司及公司全体股东、 特别是中小股东利益的情形，不会对公司当期的财务状况、经营成果产生重大影 响，未影响公司的独立性。 综上，我们同意《关于新增日常关联交易的议案》，并同意将此议案提交公 司董事会审议，关联董事审议相关议案时需回避表决。 （本页无正文，为《交控科技股份有限公司独立董事关于第三届董事会第十五次会议相关 事项的事前认可意见》之签署页 ) 独立董事签字: 园G国交控科技 （本页无正文，为《交控科技股份有限公司独立董事关于 ...

中信建投证券股份有限公司（以下简称"中信建投证券"、"保荐机构"）作为 交控科技股份有限公司（以下简称"公司"、"交控科技"）2020 年度向特定对象 发行 A 股股票的保荐机构，根据《证券发行上市保荐业务管理办法》、《上海证券 交易所科创板股票上市规则》、《科创板上市公司持续监管办法（试行）》等有关 规定，对交控科技新增日常关联交易事项进行了审慎核查，核查情况及核查意见 如下： 一、日常关联交易基本情况 （一）日常关联交易履行的审议程序 交控科技股份有限公司（以下简称"公司"）于 2023 年 8 月 29 日召开第三 届董事会第十五次会议和第三届监事会第十二次会议，审议通过了《关于新增日 常关联交易的议案》，出席本次会议的董事对各关联方与公司预计新增的日常关 联交易进行了逐项表决，逐项表决时相应的关联董事进行了回避表决，非关联董 事一致表决通过。 中信建投证券股份有限公司 关于交控科技股份有限公司新增日常关联交易 的核查意见 | | | 本次 | 占同类业 | 本年年初至披 | | 占同类业 | 本次预计金额 | | --- | --- | --- | --- | --- | --- | --- | -- ...

证券代码：688015 证券简称：交控科技 公告编号：2023-018 交控科技股份有限公司 关于公司董事长解除留置的公告 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、准确性和完整性依法承担法律责任。 交控科技股份有限公司（以下简称"公司）于 2023 年 6 月 27 日披露《关于 公司董事长被留置并配合调查事项的公告》（公告编号：2023-016），公司董事 长兼总经理、法定代表人郜春海先生被实施留置。 2023 年 8 月 28 日，公司收到天长市监察委员会解除留置通知书，天长市监 察委员会已解除对郜春海先生的留置措施。 2023 年 8 月 29 日 目前郜春海先生能够正常履行公司董事长兼总经理、法定代表人职责，公司 副董事长邓爱群女士不再代为履行公司董事长及法定代表人职责，以及不再代为 履行公司董事会相关委员会成员的职责，公司副总经理王伟先生不再代为履行公 司总经理职责。 公司指定信息披露媒体为《中国证券报》、《证券时报》、《证券日报》、 《上海证券报》及上海证券交易所网站（www.sse.com.cn），公司发布的信息均 以在上述媒体刊登的 ...

证券代码：688015 证券简称：交控科技 公告编号：2023-017 交控科技股份有限公司 股东减持股份计划公告 本公司董事会、全体董事及相关股东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、准确性和完整性依法承担法律 责任。 重要内容提示： 股东持股的基本情况 截至本公告披露之日，交控科技股份有限公司（以下简称"公司"）股东北 京基石创业投资基金（有限合伙）（以下简称"基石基金"）持有公司无限售流通 股份 3,999,661 股，占公司总股本比例为 2.13%，上述股份来源于公司首次公开 发行前持有的股份，已于 2022 年 7 月 22 日上市流通。基石基金的一致行动人北 京市基础设施投资有限公司（以下简称"京投公司"）持有公司无限售流通股份 31,978,822 股，占公司总股本比例为 17.02%，其中 5,314,905 股来源于公司 2020 年度向特定对象发行股票持有的股份，已于 2022 年 3 月 10 日上市流通， 26,663,917 股来源于公司首次公开发行前持有的股份，已于 2022 年 7 月 22 日 上市流通。基石基金和京投公司合计持有公司股 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥295,215,009.61, a decrease of 23.95% compared to the same period last year[3] - Net profit attributable to shareholders was ¥10,122,164.29, down 53.85% year-on-year[3] - The net profit after deducting non-recurring gains and losses was ¥1,201,237.32, reflecting a significant decline of 91.47%[3] - The basic and diluted earnings per share were both ¥0.05, representing a decrease of 58.33% compared to the previous year[3] - The company reported a net loss for Q1 2023, with total operating costs exceeding total operating revenue[17] - In Q1 2023, the net profit was CNY 9,426,951.16, a decrease of 54.9% compared to CNY 20,892,975.28 in Q1 2022[19] - The total comprehensive income for Q1 2023 was CNY 9,404,181.98, a decrease of 55.0% from CNY 20,883,894.96 in Q1 2022[19] Cash Flow - The net cash flow from operating activities was -¥47,657,314.79, indicating a negative cash flow situation[3] - The company reported a net cash outflow from operating activities of CNY -47,657,314.79, an improvement from CNY -70,024,689.51 in Q1 2022[23] - Cash flow from operating activities showed a net outflow of ¥91,347,580.96 in Q1 2023, compared to a net outflow of ¥38,626,752.25 in Q1 2022[30] - The company reported cash received from investment income of $2,532,456.16, a decline from $4,741,888.70 in the previous year[31] - The net increase in cash and cash equivalents was -$66,269,991.26, compared to -$9,936,282.68 in the prior year[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,448,349,014.92, a decrease of 3.03% from the end of the previous year[4] - Total assets as of March 31, 2023, were RMB 5,448,349,014.92, compared to RMB 5,618,369,198.05 at the end of 2022[14] - Total liabilities decreased to RMB 2,881,570,331.86 as of March 31, 2023, from RMB 3,062,358,318.49 at the end of 2022[15] - The total assets decreased to ¥4,869,900,002.99 in Q1 2023 from ¥5,075,353,354.84 in Q1 2022, reflecting a decline of 4.1%[27] - The total liabilities decreased to ¥2,472,104,338.62 in Q1 2023 from ¥2,698,337,522.94 in Q1 2022, a reduction of 8.4%[27] Shareholder Information - The total equity attributable to shareholders was ¥2,469,057,124.09, showing a slight increase of 0.47%[4] - The company had a total of 8,125 ordinary shareholders at the end of the reporting period[9] - The total equity as of March 31, 2023, was RMB 2,566,778,683.06, slightly up from RMB 2,556,010,879.56 at the end of 2022[15] - The company's total equity increased to ¥2,397,795,664.37 in Q1 2023 from ¥2,377,015,831.90 in Q1 2022, reflecting a growth of 0.9%[27] Research and Development - Research and development expenses totaled ¥60,685,254.58, accounting for 20.56% of operating revenue, an increase of 6.59 percentage points[4] - Research and development expenses increased to CNY 60,685,254.58, up 11.3% from CNY 54,241,640.68 in Q1 2022[22] - The company's research and development expenses remained stable at ¥44,302,211.31 in Q1 2023, slightly up from ¥44,181,779.24 in Q1 2022[28] Operational Efficiency - The company is focusing on improving operational efficiency and reducing costs in response to declining revenues[17] - The company incurred a credit impairment loss of CNY 13,244,250.62, compared to a gain of CNY -899,766.29 in Q1 2022[22] Investment Activities - Investment activities generated a net cash inflow of CNY 18,590,289.95, compared to CNY 14,702,136.48 in the previous year[23] - Cash paid for investments was $330,000,000.00, down from $494,000,000.00, indicating a reduction in investment activity[31] Accounting Standards - The company has adopted new accounting standards starting in 2023, which may affect the financial statements[31]

证券代码：688015 证券简称：交控科技 公告编号：2023-013 交控科技股份有限公司 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法律责任。 重要内容提示： 会议召开时间：2023 年 04 月 21 日(星期五)下午 15:00-16:00 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：上证路演中心视频和网络互动 投资者可于 2023 年 04 月 14 日(星期五)至 04 月 20 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 ir@bj- tct.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。 交控科技股份有限公司（以下简称"公司"）已于 2023 年 4 月 8 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 04 月 21 日下午 15:00-16: ...

Financial Performance - The net profit attributable to the parent company's shareholders for 2022 was RMB 229,494,862.24, representing a cash dividend distribution ratio of 30.30%[6]. - The proposed cash dividend is RMB 3.70 per 10 shares (including tax), totaling RMB 69,539,080.94 based on a total share capital of 187,943,462 shares as of December 31, 2022[6]. - As of December 31, 2022, the company's distributable profits amounted to RMB 653,411,108.87[6]. - The company reported a net profit attributable to shareholders of 229.49 million yuan in 2022, a decrease of 21.14% compared to the previous year[22]. - The company's operating revenue for 2022 was 2.467 billion yuan, down 4.43% year-on-year[25]. - The net cash flow from operating activities was -60.01 million yuan, a decline of 131.55% compared to the previous year[24]. - The company's total assets at the end of 2022 were 5.618 billion yuan, an increase of 6.18% from the end of the previous year[24]. - The net assets attributable to shareholders increased to 2.457 billion yuan, up 7.22% year-on-year[24]. - Basic earnings per share for 2022 were 1.22 yuan, a decrease of 30.29% from the previous year[23]. - The company's R&D expenditure accounted for 12.35% of operating revenue, an increase of 1.83 percentage points year-on-year[25]. Risk Management - The company emphasizes the importance of risk factors in its management discussion and analysis section, urging investors to be cautious[4]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties[7]. - The company has not violated any decision-making procedures for providing guarantees[7]. - The company’s future plans and strategic developments are subject to risks and do not constitute substantial commitments to investors[6]. - The company faced risks related to accounts receivable collection, with potential impacts from macroeconomic downturns[104]. - The competitive landscape in the domestic market intensified, leading to concerns over potential declines in gross margins[104]. Research and Development - The company is focusing on R&D for next-generation signal system technologies, emphasizing the strategy of "applying one generation, developing one generation, and researching one generation"[37]. - In 2022, the company achieved a total R&D investment of CNY 304.83 million, representing a year-on-year increase of 12.18%[43]. - The company has accumulated 857 authorized patents as of December 31, 2022, with 371 patent applications filed in 2022 alone[43]. - The company has increased its R&D personnel to 529, representing 25.13% of the total workforce, up from 23.44% in the previous year[89]. - The average salary for R&D personnel has risen to CNY 36.18 million, compared to CNY 34.68 million in the previous year[89]. - The company is developing a new "Virtual Coupling" technology to enhance train operation efficiency and flexibility, which is currently in the research phase[90]. - The company is leveraging advanced technologies such as cloud computing, big data, and AI to enhance its smart rail system capabilities[91]. Market Expansion - The company has seen significant market expansion in maintenance services, securing new contracts worth CNY 39,646,600 during the reporting period[36]. - The company is expected to see significant growth in the suburban railway market, with 15 urban agglomerations planning to start construction on multiple suburban railway lines in 2023[62]. - The total investment for 63 suburban railway projects approved by the National Development and Reform Commission exceeds 1,032.025 billion yuan[62]. - The company is expanding its market presence in Southeast Asia, targeting a 10% market share by the end of 2024[168]. - The company is exploring potential acquisitions in the smart transportation sector to diversify its portfolio[168]. Corporate Governance - The company has not disclosed any special arrangements for corporate governance[7]. - The company emphasizes the importance of corporate governance and compliance with legal regulations to ensure effective management and protect shareholder rights[163]. - The company has established a robust internal control system to ensure the compliance and efficiency of its operational activities[165]. - The company has established a remuneration and assessment committee to review and assess the compensation policies for directors and senior management[188]. Strategic Initiatives - The company is committed to enhancing its brand value through high-quality project launches and innovative technology applications[157]. - The company is transitioning from a system manufacturer to a comprehensive service provider for the entire lifecycle of rail transit weak current equipment[158]. - The company aims to improve the automation level of signal systems to meet the highest international safety standards[86]. - The company is committed to sustainability initiatives, aiming to reduce carbon emissions by 20% over the next five years[176]. Management Changes - The company appointed Mr. Gao Chunhai as the new General Manager and several executives including Ms. Li Chang and Mr. Wang Zhiyu as Vice General Managers on January 26, 2022[179]. - The company experienced a change in its supervisory board with Ms. Wang Junyue resigning on March 8, 2022, and Ms. Zhao Danjuan being elected as the new non-employee representative supervisor on March 25, 2022[180]. - The company continues to expand its management team with new appointments to enhance operational efficiency[184]. - Changes in senior management included the appointment of a new financial director and several vice general managers due to work-related reasons and term changes[189]. Financial Guidance - The company provided guidance for 2023, projecting a growth rate of 12% to 15%[193]. - The company has set a revenue guidance of 1.8 billion RMB for the fiscal year 2023, indicating an expected growth of 20%[168]. - New product launches are expected to contribute an additional 300 million RMB in revenue in 2023[168].

2022 年第三季度报告 证券代码：688015 证券简称：交控科技 交控科技股份有限公司 2022 年第三季度报告 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、准确性和完整性依法承担法律责任。 重要内容提示： 公司董事会、监事会及董事、监事、高级管理人员保证季度报告内容的真实、准确、完整， 不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 公司负责人、主管会计工作负责人及会计机构负责人（会计主管人员）保证季度报告中财务 信息的真实、准确、完整。 第三季度财务报表是否经审计 □是 √否 一、 主要财务数据 (一)主要会计数据和财务指标 单位：元 币种：人民币 | 项目 | 本报告期 | 本报告期 比上年同 | 年初至报告期末 | 年初至报告 期末比上年 | | --- | --- | --- | --- | --- | | | | 期增减变 | | 同期增减变 | | | | 动幅度(%) | | 动幅度(%) | | 营业收入 | 531,760,144.00 | -21.87 | 1,467,393,071.57 | -14.92 ...

Financial Performance - The company's operating revenue for the first half of 2022 was approximately ¥935.63 million, a decrease of 10.38% compared to ¥1,044.00 million in the same period last year[20]. - The net profit attributable to shareholders for the first half of 2022 was approximately ¥81.41 million, down 23.45% from ¥106.34 million in the previous year[20]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥66.70 million, a decrease of 29.93% compared to ¥95.20 million in the same period last year[20]. - The net cash flow from operating activities for the first half of 2022 was negative at approximately -¥168.87 million, compared to a positive cash flow of ¥7.14 million in the same period last year[20]. - Basic earnings per share for the first half of 2022 were ¥0.44, down 33.33% from ¥0.66 in the same period last year[21]. - The diluted earnings per share were 0.43 yuan, representing a decline of 34.85% compared to the previous year[22]. - The weighted average return on net assets was 3.53%, down 4.47 percentage points from the same period last year[23]. - The company achieved operating revenue of 935.63 million yuan in the first half of 2022, a decrease of 10.38% compared to the same period last year[22]. - The net profit attributable to shareholders was 81.41 million yuan, down 23.45% year-on-year, primarily due to project delivery delays caused by the COVID-19 pandemic[22]. - In the first half of 2022, the company achieved operating revenue of CNY 935.63 million, a decrease of 10.38% year-on-year; net profit attributable to shareholders decreased by 29.93% to CNY 66.70 million[66]. Research and Development - The company's R&D investment accounted for 12.64% of operating revenue, an increase of 3.41 percentage points year-on-year, reflecting increased investment in R&D personnel and assets[23]. - The total R&D investment for the first half of 2022 was approximately ¥118.25 million, representing a 22.68% increase compared to ¥96.40 million in the same period last year[47]. - The company applied for 91 patents and was granted 116 patents in the first half of 2022, bringing the total number of authorized patents to 732 as of June 30, 2022[45]. - The company is developing a smart shunting system that utilizes visual perception technology and satellite positioning, with plans to complete indoor testing and product optimization by the end of the year[42]. - The company has made significant progress in developing a digital design application platform to support the next generation of urban rail control systems[51]. - The company has established a comprehensive intellectual property protection system, with a total of 2,246 intellectual property applications and 1,404 granted as of the reporting period[45]. - The company’s digital design platform has been established, utilizing AI and edge computing to support urban rail transit planning and design[38]. - The company has invested a total of RMB 10,781.41 million in R&D projects, with a cumulative investment of RMB 36,633.99 million[52]. - The number of R&D personnel increased to 550, representing 24.97% of the total workforce, up from 20.60% in the previous year[55]. Market and Industry Developments - The national urban rail transit investment is recovering, with an increase in the number of signal system project bids compared to the previous year[31]. - The company is actively expanding its market presence, with new project approvals in cities like Suzhou and Dongguan, totaling an investment of 87.69 billion yuan for new rail lines[31]. - By 2030, approximately 85 urban rail transit lines, totaling around 2,500 kilometers, are expected to enter the signal system renovation period[32]. - The investment scale for intercity and suburban railways nationwide is projected to exceed 1 trillion yuan by 2030, with over 2,000 kilometers of suburban railways planned for construction[33]. - The "14th Five-Year Plan" emphasizes the importance of urban rail transit networks, aiming for substantial progress in infrastructure connectivity and public service sharing[35]. Risks and Challenges - The company has indicated potential risks in its future plans and development strategies, advising investors to be cautious[7]. - The company faces risks from potential adverse government policies affecting rail transit investment, which could impact its operational performance and profitability[78]. - Increased competition from 13 domestic urban rail transit signal system contractors poses a risk to the company's market position and growth[79]. - The company is exposed to risks from price fluctuations in raw materials and components, which could significantly increase production costs[80]. - The ongoing COVID-19 pandemic continues to create uncertainties in business expansion and project delivery, impacting the company's operations[81]. - The company is focused on maintaining its technological edge, as failure to innovate could lead to a decline in profit margins due to increased competition and rising material costs[82]. Corporate Governance and Management - The company has appointed new executives, including Mr. Gao Chunhai as General Manager and Mr. Qin Hongquan as Chief Financial Officer, effective from January 26, 2022[106]. - The company has approved several related party transactions to enhance operational efficiency and resource sharing[104]. - The company has established a wholly-owned subsidiary, Xi'an Jiaokong Technology Co., Ltd., with a registered capital of CNY 10 million[92]. - The company has not disclosed any other employee incentive measures or employee stock ownership plans[111]. - The company has a commitment not to seek control rights for 60 months from the date of listing, which is strictly adhered to[122]. Environmental and Social Responsibility - The company has implemented effective measures for environmental protection, ensuring that all pollutants are discharged in compliance with national and local regulations[113]. - The company does not belong to heavily polluting industries and has achieved compliance with environmental laws and regulations[113]. - The company donated a total of 250,000 RMB to support COVID-19 relief efforts in Hong Kong and Beijing during the reporting period[117]. - The company contributed 700,000 RMB to the Beijing Jiaotong University Education Foundation to support scientific research and technology development[117]. - The company has implemented measures to reduce carbon emissions, including optimizing processes and installing environmental protection equipment[115]. Financial Position - The total assets at the end of the reporting period were approximately ¥4.94 billion, a decrease of 6.63% from ¥5.29 billion at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥2.30 billion, an increase of 0.49% from ¥2.29 billion at the end of the previous year[20]. - The total liabilities decreased from CNY 2,926,353,754.76 to CNY 2,555,196,980.27, a decline of about 12.66%[182]. - The company's equity attributable to shareholders increased from CNY 2,292,171,542.88 to CNY 2,303,367,112.22, a growth of about 0.05%[182]. - The total cash and cash equivalents decreased from ¥1,408,919,582.19 to ¥1,133,995,774.44, a decline of approximately 19.5%[180]. - Accounts receivable increased from ¥1,085,095,919.48 to ¥1,189,131,006.49, representing a growth of about 9.6%[180]. - Inventory decreased from ¥866,355,544.75 to ¥701,833,061.85, a reduction of approximately 19.0%[180]. - The total current assets decreased from ¥4,301,855,483.58 to ¥3,912,145,992.12, a decline of about 9.1%[180].

Financial Performance - The company's operating revenue for Q1 2022 was ¥388,206,414.27, representing a year-on-year increase of 6.76%[6] - The net profit attributable to shareholders decreased by 10.75% to ¥21,934,489.56 compared to the same period last year[6] - The basic earnings per share for the period was ¥0.12, reflecting a decrease of 20.00% compared to the previous year[7] - Net profit for Q1 2022 was CNY 20,892,975.28, a decrease of 13.8% from CNY 24,264,642.12 in Q1 2021[20] - The company reported a total comprehensive income of CNY 20,883,894.96 for Q1 2022, compared to CNY 24,418,837.10 in Q1 2021[21] - The company’s total profit for Q1 2022 was CNY 27,065,422.17, slightly up from CNY 26,708,979.92 in Q1 2021[30] Cash Flow - The net cash flow from operating activities was negative at -¥70,024,689.51, indicating a cash outflow[7] - Cash inflow from operating activities in Q1 2022 was CNY 469,115,534.29, significantly higher than CNY 206,723,868.86 in Q1 2021[23] - The net cash flow from operating activities was negative CNY 70,024,689.51, an improvement from negative CNY 228,747,210.38 in the same period last year[24] - The company reported a net cash flow from investing activities of CNY 14,702,136.48, compared to a negative cash flow of CNY 65,156,740.68 in the previous year[24] - Cash flow from operating activities showed a net outflow of CNY -38,626,752.25, an improvement from CNY -211,886,763.82 in Q1 2021[31] - The company’s cash outflow from operating activities totaled CNY 831,173,086.21, compared to CNY 400,103,910.23 in the previous year, indicating increased operational expenditures[31] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,169,812,282.91, a decrease of 2.30% from the end of the previous year[7] - The total assets as of March 31, 2022, amounted to CNY 4,862,232,915.28, a decrease from CNY 4,915,730,186.10 at the end of 2021[28] - The company's total current assets amounted to CNY 4,180,128,591.78, a decrease from CNY 4,301,855,483.58, representing a decline of approximately 2.8%[17] - The total liabilities as of March 31, 2022, were CNY 2,290,000,000.00, down from CNY 2,400,000,000.00, indicating a decrease of about 4.6%[17] - Total liabilities as of Q1 2022 were CNY 2,771,439,163.12, down from CNY 2,926,353,754.76 in Q1 2021[18] - The total liabilities decreased to CNY 2,569,967,995.01 from CNY 2,652,894,159.20 at the end of 2021[28] Research and Development - Research and development expenses totaled ¥54,241,640.68, an increase of 32.04% year-on-year, accounting for 13.97% of operating revenue[7] - Research and development expenses for Q1 2022 totaled CNY 54,241,640.68, compared to CNY 41,081,058.37 in Q1 2021, marking a 32.1% increase[19] - The company plans to continue increasing its investment in research and development to enhance its competitive edge[10] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,228[12] - The largest shareholder, Beijing Infrastructure Investment Co., Ltd., held 17.10% of the shares, totaling 31,978,822 shares[12] Inventory and Receivables - The company's inventory decreased to CNY 785,846,098.39 from CNY 866,355,544.75, reflecting a decline of approximately 9.3%[17] - Accounts receivable increased to CNY 1,140,319,100.18 from CNY 1,085,095,919.48, representing a growth of approximately 5.1%[16]