Financial Performance - In 2015, the company achieved a revenue of 7.4 billion CNY and a net profit of 620 million CNY, with a net profit of 299 million CNY after deducting non-recurring gains and losses [2] - The company faced significant pressure due to the overall macroeconomic situation and industry challenges, with the float glass industry experiencing losses [2] Industry Outlook - The company anticipates continued pressure in the operating environment for the current year, with issues of overcapacity in the industry not fully resolved [2] - Confidence remains in the company's performance due to factors such as extending the industrial chain into photovoltaic power stations and cost reductions from natural gas price declines [2] Production and Capacity - The company’s production line in Qingyuan is currently in trial production, with plans to stabilize production before transitioning to formal operations [2] - The Qingyuan line has a capacity of 1 million square meters per month [4] Product Specifics - The company primarily produces processed and coated solar glass, accounting for over 70% of its output [3] - The profit margin for sodium-calcium ultra-thin glass has decreased, particularly for the 1.1mm product, which now has a margin of less than 20% [4] Natural Gas Usage - Natural gas constitutes approximately 30%-40% of the cost for float glass production [5] - The company has long-term supply contracts for natural gas, with prices adjusted according to market and policy changes [2] Investment and Expansion - The company is awaiting regulatory approval for a capital increase, with a proposed issue price of 8.89 CNY per share [4] - The company’s hollow LOW-E glass production capacity stands at 13.2 million square meters, with plans to focus on differentiated products due to market overcapacity [5]

Group 1: Company Overview - China Southern Glass Group Co., Ltd. was listed in 1992 and operates in four main sectors: float glass, engineering glass, solar glass, and ultra-thin glass & display devices [2] - The float glass sector contributes 40% to the company's overall profits, while the engineering glass sector, being a traditional strength, holds a market share of 30% [2] - The solar glass sector has seen a profit decline due to falling prices of polysilicon and silicon wafers, accounting for 30% of total profits [2] Group 2: Strategic Focus and Management - The company has established a strategic plan focusing on "management enhancement, industry integration, and the Belt and Road Initiative" [2] - The management aims to maintain core business while expanding market share through mergers and acquisitions and extending the industrial chain [2] Group 3: Shareholder and Incentive Plans - The major shareholders have no current plans for share reduction and view their investments in Southern Glass as long-term strategic commitments [3] - The company is considering stock incentive plans to ensure long-term stability and effective talent motivation [3] Group 4: Financing and Investment Strategies - Southern Glass is actively pursuing the issuance of corporate bonds and short-term financing tools to address funding gaps for future investments [3] - The company is also exploring other financing arrangements to support its development needs [3] Group 5: Research and Development - The company places significant emphasis on R&D, with dedicated research institutes and a focus on attracting high-end talent globally [4] - The management has clarified its development goals, aiming to enhance the company's industry position while stabilizing personnel and management relationships [4] Group 6: Production and Market Performance - The ultra-thin glass production line in Qingyuan has shown improvements in product yield, technology enhancement, and market expansion [5]

证券代码：000012、200012 证券简称：南玻 A、南玻 B 编号：20200612 中国南玻集团股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|-------------------------|---------------------------------| | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 东方证券 江剑 | | | 人员姓名 | 国海证券 傅鸿浩 应鹏飞 | | | | 长城证券 濮阳 | | | | 景顺长城 韩挺 | | | | 融通基金 任涛 | | | | 中信建投证券 杨欣达 | | | | 中银国际证券 余斯杰 | | | 时间 | 2020 年 6 月 12 | 14:00 | | 地点 | 通过现场会议方式 | | | 上市公司接待人 | 董事会秘书杨昕宇 | | ...

Group 1: Company Overview - China Southern Glass Group was established in 1984 and listed on the Shenzhen Stock Exchange in 1992, producing the first batch of coated hollow glass in China in 1991 [2] - The company operates three main industrial chains: energy-saving glass, electronic glass, and solar energy, with four main business segments including flat glass, engineering glass, electronic glass, and solar photovoltaic products [2] - The company has production bases in North China, East China, Central China, South China, and Southwest China, and emphasizes R&D innovation and technology advancement [2] Group 2: Production and Capacity - The company currently operates three production lines for electronic glass, each with an annual capacity of approximately 10,000 tons, holding over 50% market share in ultra-thin electronic glass [3] - In 2018, the company expects limited recovery in production lines due to strict environmental and capacity controls, maintaining production levels similar to the previous year [3] - The company has two production lines for ultra-white glass located in Hebei and Xianning [4] Group 3: Raw Material Consumption and Pricing - The company leads the industry in energy management and production process management, with low consumption levels for raw materials and natural gas [3] - The price of soda ash is currently high but is expected to decline, while quartz sand prices have slightly increased but remain within normal fluctuation ranges [4] Group 4: Market Strategy and Future Plans - The company emphasizes a differentiated competitive strategy in its product offerings, particularly in the silver-coated glass segment, where price differences are significant due to technological advantages [4] - Future expansion will focus on the electronic glass sector, aiming to strengthen production capacity and technological advantages, while the solar energy segment will prioritize upstream high-purity polysilicon preparation [5] - There are currently no expansion plans for engineering glass due to existing overcapacity in that segment [4]

证券代码：000012、200012 证券简称：南玻 A、南玻 B 中国南玻集团股份有限公司投资者关系活动记录表 编 号 ： 20201109 | --- | --- | --- | |----------------|-------------------------|---------------------------------| | | | | | | | | | 投资者关系活动 | √ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名称及 | 西部证券 胡琎心、杨敬梅 | | | 人员姓名 | 兴证全球基金 马思源 | | | | 睿郡资产 张增超 | | | | 唯德投资 王晓冬、杨青海 | | | | 恒泰证券 陈学贺 | | | | 南方基金 余一鸣 | | | | 深圳海富凌资本 陈凌 | | | | 深圳前海晟贝乐投资 陈取 | | | | 狐尾松资产 林哲民、周伟 | | | | 谢诺投资 梁文杰 | ...

证券代码：000012、200012 证券简称：南玻A、南玻 B 中国南玻集团股份有限公司投资者关系活动记录表 编号：20210706 | --- | --- | --- | |----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - The company's operating revenue for Q3 2022 was CNY 4,284,558,670, representing a year-on-year increase of 17.97%[2] - The net profit attributable to shareholders for Q3 2022 was CNY 649,353,658, a significant increase of 312.78% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 593,590,206, up 336.67% year-on-year[2] - The basic earnings per share for Q3 2022 was CNY 0.21, reflecting a 320% increase compared to the same period last year[2] - The net profit for Q3 2022 was CNY 1,658,822,608, an increase of 7.9% compared to CNY 1,537,332,314 in Q3 2021[19] - The operating profit for Q3 2022 was CNY 1,931,003,409, up from CNY 1,884,079,009 in the same period last year, reflecting a growth of 2.5%[19] - The total comprehensive income for Q3 2022 was CNY 1,672,689,600, compared to CNY 1,538,747,367 in Q3 2021, marking an increase of 8.7%[19] Assets and Liabilities - The total assets at the end of Q3 2022 reached CNY 24,859,980,649, an increase of 24.68% from the end of the previous year[2] - The company's total liabilities amounted to RMB 11.86 billion, up from RMB 8.07 billion in the previous period[18] - The company reported a net asset value of RMB 1.25 billion as of September 30, 2022, representing a 31.18% increase from the previous year-end[14] - The company's total equity attributable to shareholders increased to CNY 12,474,542,422, a rise of 9.14% from the end of the previous year[2] Cash Flow and Investments - Cash flow from operating activities for the year-to-date period was CNY 1,618,610,807, down 38.58% year-on-year[2] - Cash flow from operating activities generated a net amount of CNY 1,618,610,807, down from CNY 2,635,490,553 in the previous year[21] - The cash and cash equivalents at the end of Q3 2022 totaled CNY 4,022,830,583, an increase from CNY 1,869,641,737 at the end of Q3 2021[21] - The company experienced a 196% increase in investment income, reaching CNY 26,097,782 for the year-to-date period[5] - The company reported an increase in investment income due to a rise in structured deposit returns[9] Inventory and Borrowings - The company reported a significant increase in inventory, which rose by 61% to CNY 1,759,315,047, attributed to increased material reserves[4] - Long-term borrowings increased by 193% to CNY 4,303,893,521, primarily due to project financing[5] - The company’s inventory increased to RMB 1.76 billion as of September 30, 2022, compared to RMB 1.09 billion at the beginning of the year[17] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 173,339[10] - The largest shareholder, Qianhai Life Insurance Co., Ltd., held 15.19% of the shares, totaling 466,386,874 shares[10] Financing Activities - The company has registered for the issuance of short-term financing bonds with a total amount not exceeding 1.5 billion RMB[13] - The company also registered for the issuance of medium-term notes with a total amount not exceeding 2 billion RMB[13] - The company plans to issue short-term financing bonds based on actual funding needs and market conditions[13] - The company plans to issue A-share convertible bonds with a total amount not exceeding RMB 2.8 billion, with a maturity of 6 years[14] - The company issued a total of RMB 2 billion in bonds with a 6% interest rate, maturing on March 25, 2023[14] Other Income and Expenses - The company incurred financial expenses of CNY 105,988,065, a decrease from CNY 119,273,805 in Q3 2021[19] - Research and development expenses increased to CNY 433,359,500, a rise of 17% from CNY 370,688,508 in Q3 2021[19] - Other income rose due to an increase in deferred income amortization from some subsidiaries[9] - Asset impairment losses decreased compared to the same period last year, reflecting prior year provisions for long-term asset impairment[9] - The company recorded an increase in asset disposal gains from the disposal of assets by certain subsidiaries[9] - The company’s other comprehensive income after tax increased due to changes in foreign currency translation differences[9]

Financial Performance - The company's operating revenue for 2021 was CNY 13,629,033,650, representing a 27.72% increase compared to CNY 10,671,253,445 in 2020[11]. - The net profit attributable to shareholders for 2021 was CNY 1,529,329,304, a significant increase of 96.24% from CNY 779,325,592 in 2020[11]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,439,540,257, which is a 166.59% increase compared to CNY 539,976,457 in 2020[11]. - The net cash flow from operating activities for 2021 was CNY 3,902,084,385, up 42.90% from CNY 2,730,619,636 in 2020[11]. - The basic earnings per share for 2021 was CNY 0.50, doubling from CNY 0.25 in 2020[11]. - The total assets at the end of 2021 were CNY 19,939,364,510, an increase of 11.50% from CNY 17,882,914,898 at the end of 2020[11]. - The net assets attributable to shareholders at the end of 2021 were CNY 11,429,661,046, reflecting an 11.91% increase from CNY 10,212,989,847 at the end of 2020[11]. - The company reported a total revenue of 10.5 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[112]. - The company achieved a revenue of 50,000 million CNY from its subsidiary Anhui Nanfang New Energy Material Technology Co., Ltd. with a guarantee period of 9 years[164]. Market and Industry Trends - The flat glass industry is experiencing improved supply-demand balance due to strict capacity replacement management, with 264 float glass production lines in operation by the end of 2021[18]. - The photovoltaic glass market is expected to grow rapidly, with a projected global installation of over 300 GW by 2025, reflecting a compound annual growth rate of over 20%[18]. - The electronic glass market is expanding due to the rise of smart devices, driven by advancements in 5G and the Internet of Things, providing significant growth opportunities[21]. - The photovoltaic glass market is expected to see significant growth, driven by policies promoting distributed photovoltaic systems and carbon neutrality commitments[30]. - The company is focusing on expanding its photovoltaic glass production capacity in resource-rich regions to strengthen its market position[29]. Production and Capacity Expansion - The company has an annual production capacity of approximately 2.47 million tons of high-end float glass, with products meeting domestic leading performance standards[26]. - The company plans to build four new photovoltaic glass production lines with a daily melting capacity of 1,200 tons each, expected to start operation in Q2 2022[29]. - The company is constructing a solar energy lightweight high-transmittance panel manufacturing base in Anhui, with an expected investment of 43.566 million and an annual production capacity of 60,000 tons of low-iron quartz sand[80]. - The company is actively pursuing market expansion strategies, including the establishment of new production facilities, which are expected to increase output by 30% in the next fiscal year[161]. Research and Development - The company holds 18 national high-tech enterprises and has applied for a total of 2,242 patents, with 1,624 granted as of the end of 2021[38]. - Research and development expenses increased by 26.40% in 2021, totaling ¥511,738,848, reflecting the company's commitment to innovation[69]. - The total R&D investment reached ¥551,196,983 in 2021, which is 4.04% of operating revenue, a slight decrease from 4.07% in 2020[71]. - The company is focusing on developing BIPV building glass products to align with national carbon neutrality goals, aiming to enhance product competitiveness in the green building materials market[70]. Environmental and Social Responsibility - The company is committed to green development, having implemented energy-saving measures and achieved ultra-low emissions well below national standards[42]. - The company has invested significantly in environmental protection, with substantial funds allocated annually since 2018 for desulfurization and denitrification facilities, leading to a marked reduction in pollutant emissions[150]. - The company has committed to using natural gas as fuel for all glass furnaces, becoming the first in the industry to fully utilize clean energy[150]. - The company has actively engaged in social responsibility and poverty alleviation activities, as detailed in its 2021 Social Responsibility Report[151]. Governance and Management - The company has established a comprehensive governance structure in compliance with relevant laws and regulations, ensuring effective decision-making and operational management[97]. - The company has committed to timely and accurate information disclosure, ensuring all shareholders have equal access to operational information[97]. - The company maintains a fully independent operational capability, with no overlap in business activities with its major shareholder[98]. - The company has a complete governance structure, including a shareholders' meeting, board of directors, and supervisory board, all independent from the major shareholder[99]. Financial Management and Investments - The company reported a significant increase in inventory to ¥1,093,805,525, which is 5.49% of total assets, up from 4.56%[74]. - The company has implemented asset impairment provisions of approximately 700 million yuan for its solar energy business in 2021, reflecting strategic adjustments in response to market conditions[35]. - The company successfully utilized the entire CNY 2 billion raised from the bond issuance for its intended projects[190]. - The company has registered to issue short-term financing bonds with a total amount not exceeding RMB 1.5 billion, valid for two years[169]. Risks and Challenges - The company faces risks from domestic and international uncertainties, including the ongoing COVID-19 pandemic and complex political environments, which may impact economic development[94]. - The solar energy sector is challenged by supply chain imbalances and rising material prices, prompting the company to focus on resource integration and increased R&D investment[95]. - Approximately 9.44% of the company's main business revenue comes from overseas, indicating a need for effective foreign exchange risk management as international operations expand[95]. Employee and Talent Management - The total number of employees at the end of the reporting period was 11,910, with 503 in the parent company and 11,407 in major subsidiaries[128]. - The company emphasized a performance-oriented compensation policy in 2021, aiming to enhance employee motivation and overall organizational performance[129]. - The company has established a comprehensive employee training and development system, focusing on skill enhancement and capacity development for all levels of staff[130].

Financial Performance - The company's operating revenue for Q3 2021 was CNY 3,632,036,581, representing a year-on-year increase of 19.32%[2] - The net profit attributable to shareholders for Q3 2021 was CNY 157,313,336, a decrease of 53.09% compared to the same period last year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 135,934,112, down 56.68% year-on-year[2] - The company reported a basic earnings per share of CNY 0.05 for Q3 2021, down 54.55% year-on-year[2] - The net profit for Q3 2021 was CNY 1,537,332,314, a significant increase from CNY 749,036,992 in the same period last year, representing a growth of approximately 105.5%[20] - The total comprehensive income for the quarter was CNY 1,538,747,367, compared to CNY 747,033,296 in the same quarter last year, marking an increase of about 105.5%[20] - The company's operating profit for the quarter was CNY 1,884,079,009, compared to CNY 955,830,191 in the same quarter last year, reflecting an increase of about 97%[20] Assets and Liabilities - The total assets at the end of Q3 2021 amounted to CNY 19,427,394,585, an increase of 8.64% from the end of the previous year[2] - The total assets of the company reached RMB 19,427,394,585, a growth of 8.7% from RMB 17,882,914,898 at the end of 2020[18] - The total liabilities increased to RMB 7,580,240,120, up from RMB 7,267,031,012 at the end of 2020, reflecting a rise of 4.3%[18] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 171,273[9] - The largest shareholder, Qianhai Life Insurance Co., Ltd., holds 15.19% of the shares, equating to 466,386,874 shares[9] - The second-largest shareholder, Haili Nian Nian Qianhai Life Insurance Co., Ltd., holds 3.86% of the shares, totaling 118,425,007 shares[9] - The top ten shareholders include several foreign entities, such as Morgan Stanley & Co. International PLC, holding 26,002,636 shares[11] - The company has a diverse shareholder base, with both domestic and foreign investors represented[9] Cash Flow and Investments - The company’s cash flow from operating activities for the year-to-date was CNY 2,635,490,553, an increase of 57.52% year-on-year[2] - The cash flow from operating activities showed a net inflow of CNY 2,635,490,553, up from CNY 1,673,122,359 in the prior year, reflecting a growth of approximately 57.6%[21] - The company experienced a net cash outflow from investing activities of CNY 2,368,445,205, compared to a net outflow of CNY 441,157,729 in the same period last year[21] Research and Development - Research and development expenses for the first nine months of 2021 were CNY 37,069,000, an increase of 40% compared to the same period last year[6] - Research and development expenses for the period amounted to RMB 370,688,508, which is a 39.7% increase from RMB 265,421,722 in the previous year[19] Inventory and Accounts Receivable - The company’s inventory increased by 43% to CNY 116,511,000 as of September 30, 2021, due to increased raw material stocking and finished goods inventory[5] - Accounts receivable increased significantly to RMB 1,078,003,576, up 58.3% from RMB 681,467,133 at the end of 2020[16] - Inventory levels rose to RMB 1,165,109,257, an increase of 43% compared to RMB 815,156,318 at the end of 2020[17] Financing Activities - The company has registered and issued short-term financing bonds with a total amount of up to 1.5 billion RMB, valid for two years[12] - The company has also registered and issued medium-term notes with a total amount of 800 million RMB, with the first issuance completed in May 2018[13] - The company plans to issue additional medium-term notes up to 1.5 billion RMB based on actual funding needs[13] - The company plans to issue corporate bonds totaling no more than RMB 20 billion, with a maturity of up to 10 years, to support its future growth initiatives[15] Other Financial Adjustments - The company has implemented new leasing standards affecting its financial statements, with adjustments made to long-term prepaid expenses and right-of-use assets[22] - The company experienced a 585% increase in asset impairment losses, totaling CNY 69,845,000 for the first nine months of 2021[6] - The company paid CNY 971,119,640 in various taxes during the quarter, up from CNY 507,631,010 in the previous year, indicating an increase of approximately 91.2%[21]

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 6,614,802,538, representing a 49.51% increase compared to CNY 4,424,221,349 in the same period last year[10]. - The net profit attributable to shareholders of the listed company reached CNY 1,352,517,465, a significant increase of 245.50% from CNY 391,466,723 in the previous year[10]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 1,329,814,528, up 270.79% from CNY 358,644,297 year-on-year[10]. - The net cash flow from operating activities was CNY 1,698,245,375, an increase of 117.82% compared to CNY 779,644,389 in the same period last year[10]. - The basic earnings per share for the period was CNY 0.44, a 238.46% increase from CNY 0.13 in the previous year[10]. - The total assets at the end of the reporting period were CNY 18,563,101,630, reflecting a 3.80% increase from CNY 17,882,914,898 at the end of the previous year[10]. - The net assets attributable to shareholders of the listed company were CNY 11,258,594,182, which is a 10.24% increase from CNY 10,212,989,847 at the end of the previous year[10]. - The weighted average return on net assets was 12.60%, up from 4.08% in the previous year, indicating improved profitability[10]. Investment and Expansion - The company plans not to distribute cash dividends or issue bonus shares[1]. - The company is constructing three new lightweight and efficient double-glass processing production lines, adding 36 million square meters of photovoltaic glass processing capacity, expected to be operational in 2021[16]. - The company has signed an investment agreement with the government of Fengyang County, Anhui, to build a solar equipment lightweight high-transmittance panel manufacturing base with four production lines, each with a daily melting capacity of 1,200 tons[16]. - The company plans to invest in a new ultra-thin electronic glass production line with a daily melting capacity of 110 tons in Langfang, Hebei, to enhance its competitiveness in the high-end market[20]. - The company is currently investing in several major projects, including a solar panel manufacturing base in Anhui, with a total investment of ¥12,970,000 in the reporting period[45]. - The company plans to build a lightweight high-efficiency double-glass processing production line in Dongguan, which is expected to add a production capacity of 1.2 million square meters per month, totaling 14.4 million square meters annually[46]. - The company is constructing a photovoltaic packaging material production line in Xianning with a daily melting capacity of 1,200 tons, currently under construction[46]. - The company is investing in a new intelligent manufacturing factory in Wujiang, which will include a fully automated production line with an annual output of 1.2 million square meters of low-E energy-saving hollow glass[47]. Market and Product Development - The company’s electronic glass business has seen significant market share growth, with high-alumina second-generation electronic glass expanding its presence in the high-end market[19]. - The company’s electronic glass products cover a wide range of applications, including smart home, automotive displays, and advanced medical fields, with ongoing development of innovative materials[20]. - The company has achieved a significant increase in orders for ITO conductive glass, contributing positively to its operational performance in the first half of 2021[21]. - The glass segment generated revenue of 5.353 billion yuan, reflecting a 49% increase, and net profit of 1.301 billion yuan, up 189%[24]. - The float glass segment's revenue grew by 75% year-on-year, with net profit soaring by 491%[25]. - Solar glass revenue increased by 30%, with net profit rising by 80% due to the growing demand driven by carbon neutrality goals[25]. - The electronic glass and display device segment saw revenue growth of 118% and net profit growth of 315%[26]. - The company has established a strong brand presence in energy-saving glass and solar products, recognized as a leading brand in the industry[28]. Research and Development - Research and development expenses rose by 55.03% to ¥224,886,882, reflecting the company's commitment to increasing R&D investment[35]. - The company has applied for a total of 2,093 patents, including 846 invention patents, demonstrating its strong focus on innovation[30]. - The company has established a robust R&D team and system, collaborating with leading domestic universities to accelerate the transformation of research results[32]. - The company plans to enhance R&D efforts in new technologies and products within the electronic glass and display device industry to maintain a technological lead[51]. Financial Management - The cost of sales increased to ¥4,126,627,145, a rise of 30.61%, primarily driven by the growth in revenue and rising raw material prices[34]. - The company has maintained a stable financial policy, ensuring all due loans are repaid on time, thus protecting creditor rights[58]. - The overall debt level remains manageable, with a debt-to-equity ratio of 0.5, indicating a strong financial position[65]. - The company reported a significant increase in cash and cash equivalents, indicating strong liquidity management[125]. - The company emphasizes the importance of liquidity and cash flow management in its financial strategy[125]. Risk Management - The company faces risks from domestic and international uncertainties, including the impact of the COVID-19 pandemic and rising raw material costs in the glass industry[50]. - To mitigate risks, the company will enhance lean management and optimize product structure to improve profitability in the flat glass sector[50]. - The company will implement cost control measures, including energy-saving initiatives and automation improvements, to mitigate risks from fluctuating raw material and labor costs[51]. - The company reported a significant increase in market price volatility for solar glass and related industries, which poses operational risks[51]. Compliance and Corporate Governance - The company has maintained compliance with environmental standards across its subsidiaries, with all emissions reported as meeting regulatory requirements[54]. - The company has not reported any major litigation or arbitration matters during the reporting period[63]. - The company has fulfilled all commitments made by its major shareholders and related parties during the reporting period[60]. - The company has not engaged in any significant related party transactions during the reporting period[63]. - The financial statements were approved by the board on August 25, 2021, ensuring compliance with accounting standards[117].