股票代码：000599 股票简称：青岛双星 公告编号：2023-033 青岛双星股份有限公司 关于举办 2022 年度业绩说明会的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 青岛双星股份有限公司定于2023年6月7日（星期三）15:00-16:30在全景网 举办2022年度业绩说明会，本次年度业绩说明会将采用网络远程的方式举行，投 资者可登陆全景网"投资者关系互动平台"（https://ir.p5w.net）参与本次年 度业绩说明会。 出席本次说明会的人员有：公司总经理苏明先生、财务负责人邹广峰先生、 董事会秘书李珂女士。 为充分尊重投资者、提升交流的针对性，现就公司2022年度业绩说明会提前 向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于2023年6月 6日（星期二）12:00前访问 https://ir.p5w.net/zj/，或扫描下方二维码，进 入问题征集专题页面。公司将在2022年度业绩说明会上，对投资者普遍关注的问 题进行回答。 欢迎广大投资者积极参与本次网上说明会。 特此公告！ 青岛双星股份有限公司 董事会 2023 年 ...

Financial Performance - The company's operating revenue for Q1 2023 was CNY 1.075 billion, representing a year-on-year increase of 17.66% compared to CNY 913.26 million in the same period last year[5]. - The net profit attributable to shareholders of the listed company improved to CNY -100.93 million, a 30.96% increase from CNY -146.18 million year-on-year[5]. - Total operating revenue for Q1 2023 was CNY 1,074,539,366.92, an increase of 17.7% compared to CNY 913,260,416.59 in Q1 2022[19]. - The company reported a net loss of CNY 115,958,890.63 for Q1 2023, compared to a net loss of CNY 166,961,622.48 in the same period last year[20]. - The total comprehensive income for Q1 2023 was a loss of CNY 125,122,861.13, compared to a loss of CNY 169,562,664.85 in the same period last year[21]. Cash Flow and Assets - The net cash flow from operating activities decreased by 67.53% to CNY 8.99 million, down from CNY 27.69 million in the previous year[5]. - The company's cash and cash equivalents were RMB 1,325,899,175.56, down from RMB 1,344,991,209.02 at the beginning of the year[17]. - The net cash flow from operating activities for Q1 2023 was ¥8,989,622.66, a decrease of 67.5% compared to ¥27,687,295.57 in Q1 2022[24]. - The total cash and cash equivalents decreased by ¥273,462,646.99, compared to a decrease of ¥52,869,305.19 in the previous year[24]. - The total assets at the end of the reporting period were CNY 9.67 billion, a decrease of 1.92% from CNY 9.86 billion at the end of the previous year[5]. Liabilities and Borrowings - The long-term borrowings increased by 121.22% as a result of restructuring short-term loans into long-term loans[10]. - The total liabilities of the company were RMB 4,999,000,000.00, indicating a stable financial position[17]. - The company's total liabilities as of Q1 2023 amounted to CNY 7,544,664,857.81, compared to CNY 7,480,291,025.13 in Q1 2022[20]. - Short-term borrowings decreased to RMB 3,523,381,131.41 from RMB 3,903,699,009.57, reflecting a reduction of about 9.7%[17]. Investments and Growth Strategies - The investment income surged by 1702.66%, attributed to the recognition of long-term equity investment income from Kumho Vietnam[10]. - The company plans to invest approximately RMB 143,751 million in a joint venture in Cambodia to produce 8.5 million high-performance radial tires annually[14]. - The company is actively pursuing a localization strategy to enhance its international competitiveness, particularly in high-tariff export markets[14]. - The company plans to expand its market share in the high-end segment and continue to deepen its penetration in the replacement market, aiming for a nearly 30% revenue growth in domestic replacement markets[9]. - The overseas market revenue grew nearly 27% year-on-year, supported by a strategic focus on building a high-quality overseas market network[9]. Operational Metrics - The total current liabilities were RMB 4,999,000,000.00, showing a decrease from the previous period[17]. - The inventory level decreased to RMB 1,148,800,707.64 from RMB 1,220,871,888.44, indicating a reduction of approximately 5.9%[17]. - Research and development expenses for Q1 2023 were CNY 39,974,441.62, slightly up from CNY 39,100,929.01 in the previous year[20]. - The accounts receivable decreased to RMB 627,207,439.17 from RMB 633,271,109.50, a decline of approximately 1.0%[17]. - The company's long-term equity investments increased to RMB 736,643,820.12 from RMB 716,456,080.18, representing a growth of about 2.0%[17].

Financial Performance - Qingdao Doublestar reported no cash dividends, stock bonuses, or capital reserve transfers for the year[5]. - The company's operating revenue for 2022 was ¥3,910,397,748.47, a decrease of 0.36% compared to ¥3,924,521,010.35 in 2021[22]. - The net profit attributable to shareholders was -¥601,932,269.69, representing an 87.93% increase in losses from -¥320,301,809.26 in the previous year[22]. - The cash flow from operating activities showed a significant improvement, with a net amount of ¥336,736,408.75, compared to -¥86,582,211.99 in 2021, marking a 488.92% increase[22]. - The total assets at the end of 2022 were ¥9,863,338,144.53, down 9.04% from ¥10,844,037,492.32 at the end of 2021[22]. - The company's net assets attributable to shareholders decreased by 19.31% to ¥2,393,425,850.03 from ¥2,966,156,714.97 in 2021[22]. - The basic and diluted earnings per share were both -¥0.74, a decline of 89.74% from -¥0.39 in 2021[22]. - The total operating revenue for 2022 was RMB 39.1 billion, a slight decrease of 0.36% compared to RMB 39.2 billion in 2021[59]. - The tire manufacturing segment generated RMB 36.9 billion, accounting for 94.40% of total revenue, down 1.49% year-over-year[59]. - Domestic sales decreased by 24.13% to RMB 19.05 billion, while international sales increased by 41.88% to RMB 20.05 billion, representing 51.27% of total revenue[59]. - The company reported a net loss attributable to shareholders due to increased costs from raw material price fluctuations and other adverse factors[57]. Industry Challenges and Market Dynamics - The company faced significant challenges in the tire industry due to rising raw material costs and decreased demand, with a reported 5% decline in the production of rubber tires in China[34]. - The commercial vehicle market experienced a substantial downturn, with production and sales dropping by 31.9% and 31.2%, respectively, in 2022[34]. - The company reported a total of 55,255,000 new inflatable rubber tires exported in 2022, a decrease of 6.6% year-on-year[34]. - The tire industry in China is characterized by structural overcapacity, with high demand for high-end and high-performance tires despite an oversupply of low-end products[43]. - The company aims to promote green tires and achieve industrial upgrades, indicating a strong market potential for smart and eco-friendly tire products[43]. - The tire industry showed signs of recovery, with a 96.9% and 93.4% year-on-year growth in the production and sales of new energy vehicles, respectively[35]. Production and Technology - The company focuses on the research, production, and sales of tire products, with a strong emphasis on high-end and differentiated products, including heavy-duty steel radial tires and passenger car semi-steel radial tires[36]. - The company operates three major production bases and exports to over 180 countries and regions, including Europe, Africa, Southeast Asia, and the Middle East[37]. - The company has developed several core technologies, including fire-resistant tires and giant mining tires, with multiple technologies reaching international advanced levels[39]. - The company has implemented a "just-in-time" production model since 2013, optimizing production efficiency and ensuring quality control[40]. - The company achieved a production volume of 12.42 million tire sets and a sales volume of 12.55 million tire sets in 2022, with a revenue of RMB 36.9 billion[62]. - The gross profit margin for tire manufacturing was 1.08%, reflecting a decrease of 2.24% compared to the previous year[61]. - The company has launched high-differentiation tires such as "Rare Earth Gold" and "All-Puncture-Proof" tires, which are expected to solidify its overseas market share[103]. Strategic Initiatives and Investments - The company has established a joint venture in Cambodia for a new project with an annual production capacity of 8.5 million high-performance tires, pending shareholder approval[47]. - The company plans to invest approximately RMB 143.75 million in a joint venture in Cambodia to produce 8.5 million high-performance tires annually, enhancing its international competitiveness[56]. - The company aims to enhance its ecological, high-tech, localized, and digital strategies to adapt to international trade barriers and promote sustainable development[57]. - The company is focusing on cross-industry cooperation and new retail strategies to expand its market presence and develop new business models[105]. Research and Development - Research and development expenses amounted to 202,389,052.51 yuan, a slight decrease of 0.32% compared to the previous year[69]. - The number of R&D personnel increased by 5.53% to 706, with their proportion in the workforce rising to 16.82%[72]. - R&D investment accounted for 5.18% of operating revenue, showing a marginal increase from 5.17% in the previous year[72]. - The company completed the development of several new tire products aimed at enhancing performance and expanding market share, including a low-profile wide-base tire and a self-repairing tire[70][71]. - The company aims to improve its brand recognition and market share through the introduction of innovative products tailored for electric vehicles and high-end passenger cars[71]. Governance and Management - The company maintains a governance structure that complies with relevant laws and regulations, ensuring independent operations from its controlling shareholder[108][113]. - The company has established a comprehensive performance evaluation and incentive mechanism to promote a fair and efficient work environment[110]. - The company has a dedicated financial department and independent accounting system to ensure financial independence and compliance with tax obligations[113]. - The company has a diverse management team with members holding various academic and professional qualifications, including advanced degrees and certifications[130]. - The management team includes professionals with experience in international business and legal affairs, enhancing the company’s strategic capabilities[130]. - The company has a commitment to corporate governance, with independent directors actively participating in oversight functions[130]. Environmental Compliance - Qingdao Double Star strictly adheres to multiple environmental protection laws and standards in its daily operations, ensuring compliance with national regulations[158]. - The company has installed 74 sets of odor removal equipment and 60 sets of dust collectors to manage emissions from the rubber mixing, calendering, and vulcanization processes[162]. - The company has implemented real-time monitoring systems for both wastewater and air emissions to ensure compliance with environmental standards[162]. - The company has established a comprehensive environmental management system to monitor and mitigate pollution risks[164]. - Environmental protection investment and environmental protection tax paid by Qingdao Double Star Tire Industry Co., Ltd. amounted to approximately 860,000 yuan[165]. Employee Engagement and Safety - The company has established a safety production committee and implemented a comprehensive safety management system to enhance workplace safety[174]. - The company has created five "Mother's Rooms" to provide a comfortable environment for female employees during pregnancy and breastfeeding[171]. - The company has implemented over 3,400 safety upgrades to existing equipment, achieving a state where "personnel misoperation, equipment misaction, and personnel injury are minimized"[176]. - The company has developed an annual safety investment plan focusing on essential safety equipment, employee training, and safety monitoring, ensuring adequate safety software and hardware configurations[176]. - The company has adopted a "9+N" training model to significantly enhance employees' safety operation skills[176]. Community Engagement - A total of 1,774 employees participated in the "Charity One Day Donation" campaign, raising 76,315.5 yuan for community support and disaster relief efforts[171]. - The company actively engages in community service and charity activities, contributing to social welfare and poverty alleviation efforts[171].

证券代码：000599 证券简称：青岛双星 青岛双星股份有限公司投资者关系活动记录表 编号：20150326 | --- | --- | --- | |----------------|------------------------------|--------------------------------------------------------| | | | | | 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 | | 中国证券报董文杰、宏道投资季巍、万家基金华光磊、方正证 | | 人员姓名 | 券王智伟 | | | 时间 | 14:30-16:00 | | | 地点 | 青岛双星股份有限公司会议室 | | | 上市公司接待人 | 刘兵 | | | 员姓名 | | | | 投资者关系活动 | 1 、公司对 2015 | 年轮胎市场行情的预测？ | | 主要内容介绍 | | 答：因受美国双反的冲 ...

证券代码：000599 证券简称：青岛双星 编号：20150320 | --- | --- | --- | |----------------|----------------------------|--------------------------------------------------------| | | | | | 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 | | 安信证券孙琦祥、光大证券周南、中国人寿资产阳宜洋、东方 | | 人员姓名 | 铭投资王超、长城证券施伟锋 | 基金张玉坤、新华基金陈谦、申银万国研究所陈建翔、上海宏 | | | | | | 时间 | 上午 9:30-12:00 | | | 地点 | 青岛双星股份有限公司会议室 | | | 上市公司接待人 | 刘兵、李震 | | | 员姓名 | | | | 投资者关系活动 | 1 | 、简单介绍一下公司未来发展战略？ | | ...

证券代码： 000599 证券简称：青岛双星 青岛双星股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------------|------------------------------------------------------------------------|---------------------------------------------------------------------------------------| | 投资者关系活动 \n类别 | □ 特定对象调研 \n□ 媒体采访 \n□ 新闻发布会 □ 现场参观 \n□ 其他 | □ 分析师会议 \n √ 业绩说明会 \n □ 路演活动 \n（请文字说明其他活动内容） | | 参与单位名称及 人员姓名 | 投资者网上提问 | | | 时间 | 2022 年 5 月 13 日 ( | 周五 ) 下午 15:00~16:30 | | 地点 | | 公司通过全景网"投资者关系互动平台"（ https://ir.p5w.net ） | | 上市公司接待人 | 采用网络远程的方式 ...

青岛双星股份有限公司 2022 年第三季度报告 证券代码：000599 证券简称：青岛双星 公告编号：2022-031 青岛双星股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2.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)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 否 | | 本报告期 | 本报告期 | 年初至报告期末 | 年初至报告期末 | | --- | --- | --- | --- | --- | | | | 比上年同期增减 | | 比上年同期增减 | | 营业收入（元） | 1,100,732,600.00 | 31.24% | 3,035,463,181.92 | -2.28% | | ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥1,934,730,582.38, a decrease of 14.68% compared to ¥2,267,511,896.52 in the same period last year[21]. - The net loss attributable to shareholders was ¥299,429,218.94, representing a significant increase in loss of 1,280.57% from a loss of ¥21,688,817.38 in the previous year[21]. - The net cash flow from operating activities was negative at ¥56,531,455.65, a decline of 387.77% compared to a negative cash flow of ¥11,589,850.59 in the same period last year[21]. - The basic and diluted earnings per share were both ¥-0.37, a decrease of 1,133.33% from ¥-0.03 in the previous year[21]. - The company reported a net loss of CNY 143,756,249.13 in the first half of 2022, compared to a profit of CNY 155,672,969.81 in the same period last year[143]. - The company's net profit for the first half of 2022 was -333,273,959.54 CNY, compared to -51,699,102.33 CNY in the same period of 2021, indicating a significant decline in profitability[149]. - The company reported a total comprehensive income of -301,001,241.78 CNY for the first half of 2022, compared to -53,398,854.98 CNY in the same period of 2021[150]. Assets and Liabilities - Total assets at the end of the reporting period were ¥10,613,179,204.33, down 2.13% from ¥10,844,037,492.32 at the end of the previous year[21]. - The total liabilities were CNY 7,782,259,913.39 as of June 30, 2022, slightly up from CNY 7,713,581,518.62 at the start of the year[143]. - The company's equity attributable to shareholders decreased to CNY 2,700,452,921.46 from CNY 2,966,156,714.97[143]. - The total assets at the end of the current period amount to 1.948 billion yuan, indicating a growth from the previous period[169]. - The total liabilities at the end of the current period are 1.517 billion yuan, reflecting a stable financial position[169]. Cash Flow - The company's cash flow from operating activities showed a significant decline, with a net outflow of CNY 56.53 million compared to a net outflow of CNY 11.59 million in the previous year[44]. - The net cash flow from operating activities for the first half of 2022 was -56,531,455.65 CNY, compared to -11,589,850.59 CNY in the same period of 2021, indicating a decline in operational performance[155]. - The cash inflow from sales of goods and services decreased to 1,465,436,996.78 CNY in the first half of 2022 from 1,517,580,170.28 CNY in the same period of 2021, indicating a decline in revenue generation[155]. - The net cash flow from financing activities was -332,806,724.64 CNY in the first half of 2022, a significant decrease from 236,002,076.25 CNY in the same period of 2021, indicating higher debt repayments[156]. Research and Development - Research and development expenses were CNY 84.88 million, down 16.90% from CNY 102.15 million year-on-year[44]. - The company has developed multiple core technologies, including fireproof tires and low rolling resistance tires, achieving international advanced levels in several products[31]. - The company has established an advanced R&D framework, enhancing its capabilities in high-performance tire product development[32]. - New product developments include the "Rare Earth Gold" commercial vehicle tire and "All-Puncture-Proof" passenger car tire, showcasing the company's R&D capabilities[84]. Market Strategy and Operations - The company focuses on the research, production, and sales of tire products, with a strong emphasis on innovation and lifecycle management, covering over 180 countries and regions[29]. - The company operates three major production bases and aims to become the leading brand in specialized truck tires and passenger car safety tires, implementing a "new retail, new business, new model" strategy[30]. - The company is actively exploring overseas market opportunities and enhancing its brand influence abroad as part of its growth strategy[62]. - The company plans to focus on market expansion and new product development in the upcoming quarters[148]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit, with various environmental compliance measures in place[72]. - The company has implemented a comprehensive environmental protection plan, including real-time monitoring of wastewater and air emissions, ensuring compliance with environmental standards[79]. - The intelligent factory located in Dongjiakou utilizes a green development model, incorporating solar photovoltaic projects and advanced dust and odor removal systems[80]. - The company actively participates in community support initiatives, including charitable donations and volunteer activities, to assist vulnerable groups[87]. Shareholder and Financial Management - The company plans not to distribute cash dividends or issue bonus shares[5]. - A total of 17,885,692 stock options were canceled due to the failure to meet performance targets and the departure of certain incentive recipients[69]. - The company has a three-year shareholder return plan to ensure transparent and stable profit distribution, protecting investor rights[83]. - The company has not reported any instances of providing guarantees that exceed 50% of net assets during the reporting period[118].

Financial Performance - The company's operating revenue for 2021 was ¥3,924,521,010.35, a decrease of 11.22% compared to ¥4,420,681,414.44 in 2020[17]. - The net profit attributable to shareholders was -¥320,301,809.26, representing a significant decline of 927.73% from -¥31,166,072.07 in the previous year[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥622,671,253.61, an increase of 163.96% compared to -¥235,899,057.42 in 2020[17]. - The net cash flow from operating activities was -¥86,582,211.99, a decrease of 206.98% from ¥80,936,512.65 in 2020[17]. - Basic and diluted earnings per share were both -¥0.39, a decline of 875.00% from -¥0.04 in the previous year[17]. - The weighted average return on net assets was -10.11%, a decrease of 9.19% compared to -0.92% in 2020[17]. - Total assets increased by 7.80% to CNY 10,844,037,492.32 at the end of 2021 compared to CNY 10,059,206,578.69 at the end of 2020[19]. - The company reported a net cash flow from operating activities of -CNY 104,827,904.20 in Q4 2021, indicating significant cash flow challenges[23]. - The company reported a total revenue of approximately 2.55 billion CNY, with a net profit loss of around 155.8 million CNY for the reporting period[90]. - The company reported a total revenue of 49,838 million CNY for the year, with a projected total of 62,100 million CNY for the upcoming period[188]. Strategic Initiatives - In March 2021, the company divested its equipment manufacturing segment to focus on enhancing its tire business[17]. - The company aims to strengthen its position as a leading brand in truck and passenger car tires through strategic initiatives[17]. - The company is focusing on high-quality development and product upgrades, including the introduction of low rolling resistance and lightweight tires[30]. - The company is actively pursuing a "new retail, new business, new model" strategy, integrating online and offline sales channels to enhance market presence[37]. - The company aims to achieve full lifecycle green management and has implemented the "Tire Internet" for commercial applications, transitioning from selling tires to selling mileage[32]. - The company is committed to enhancing its product development and technological innovation to drive future growth[189]. Market and Product Development - The domestic tire market showed signs of recovery, but was affected by external factors such as the ongoing COVID-19 pandemic and supply chain issues[29][30]. - The company has shifted its focus to core tire production by divesting from non-core assets, enhancing its competitive position in the tire industry[31]. - The company operates three major production bases in Qingdao, Dongying, and Shiyan, producing various types of tires including truck and passenger car tires, with a focus on becoming the leading brand in specialized and safety tires[32]. - The company has developed multiple core technologies, including fire-resistant tires and giant mining tires, with several products achieving international advanced levels, and has launched new products such as "Rare Earth Gold" tires and "All-Explosive" safety tires[33]. - The company successfully developed and launched the "Rare Earth Gold" commercial vehicle tire, which features high mileage, low rolling resistance, and significant cost savings for users, targeting the high-end commercial vehicle tire market[50]. - New high-differentiation tire products, such as "Rare Earth Gold" truck tires and "All-Explosion-Proof" safety tires, have been launched to strengthen the company's overseas market share[100]. Research and Development - Research and development expenses for 2021 were ¥203,035,514.94, a decrease of 1.05% compared to ¥205,194,479.49 in 2020[68]. - The proportion of R&D investment to operating income increased to 5.17% in 2021 from 4.64% in 2020, reflecting a 0.53% increase[68]. - The company completed several key R&D projects, including high-performance tires and low rolling resistance tires, aimed at enhancing market competitiveness[68]. - The company has established a comprehensive talent training system, achieving ISO10015 certification for training in the tire industry[137]. Environmental and Social Responsibility - The company is committed to carbon neutrality and sustainability through innovative product development and efficient resource management[50]. - The company has established a comprehensive waste management system, including the treatment of industrial wastewater and solid waste[155]. - The company has implemented measures to ensure compliance with pollution discharge standards, with specific metrics reported for various pollutants[155]. - The company is actively involved in community support and poverty alleviation initiatives, reinforcing its social responsibility[166]. - The company has invested 66.95 million CNY in a project aimed at recycling 20,000 tons of waste tires annually, contributing to poverty alleviation efforts in Anshun City[165]. Governance and Compliance - The company has established effective internal control systems, with no significant deficiencies identified in financial reporting[146]. - The internal control audit report was issued without any reservations, confirming the reliability of the company's financial reporting[151]. - The company has developed a board secretary work system to improve governance practices following the self-inspection[152]. - The company has established a comprehensive brand matrix with high-end, differentiated, and high-value-added products to meet diverse market demands[100]. - The company has a clear profit distribution policy, including conditions for cash dividends and stock dividends, ensuring the protection of minority shareholders' rights[139]. Future Outlook - Future outlook indicates a projected revenue growth of 20% for the next fiscal year, driven by new product launches and market expansion strategies[116]. - The company plans to enhance its international competitiveness by investing USD 9,230,000 in Kumho Tire Vietnam to increase production capacity to 12.5 million units by April 2023[52]. - The company aims to enhance its digital transformation initiatives, targeting a 30% increase in online sales channels by the end of the fiscal year[116]. - The company is focusing on expanding its market presence through strategic acquisitions and partnerships[189].

Revenue and Profit - Revenue for Q1 2022 was ¥913,260,416.59, a decrease of 24.78% compared to ¥1,214,149,400.56 in the same period last year[2] - Net profit attributable to shareholders was -¥146,183,230.46, representing a decline of 400.26% from ¥48,684,987.05 in the previous year[2] - The net profit for the first quarter was a loss of CNY 166,961,622.48, compared to a profit of CNY 41,343,661.22 in the same period last year[15] - The net profit attributable to the parent company was -146,183,230.46 CNY, compared to a profit of 48,684,987.05 CNY in the same period last year, indicating a significant decline[16] - The total comprehensive income attributable to the parent company was -148,784,201.32 CNY, down from 49,058,376.74 CNY year-over-year[16] - The basic and diluted earnings per share were both -0.18 CNY, compared to 0.06 CNY in the previous year[16] Cash Flow - The net cash flow from operating activities improved by 170.02%, reaching ¥27,687,295.57, compared to -¥39,539,721.15 in the same period last year[2] - Cash inflows from operating activities totaled 789,900,426.62 CNY, a decrease from 1,065,439,457.77 CNY in the same period last year[17] - The net cash flow from operating activities was 27,687,295.57 CNY, recovering from a negative cash flow of -39,539,721.15 CNY in the previous year[17] - The net cash flow from investing activities was -57,131,993.88 CNY, compared to a positive cash flow of 253,504,795.55 CNY in the same period last year[18] - The net cash flow from financing activities was -21,124,405.31 CNY, an improvement from -163,117,352.16 CNY in the previous year[18] - The ending cash and cash equivalents balance was 1,220,619,602.97 CNY, down from 1,071,255,323.96 CNY year-over-year[18] - The company received cash from sales of goods and services amounting to 677,499,903.00 CNY, compared to 841,324,048.84 CNY in the previous year[17] - The company reported a decrease in cash received from tax refunds to 38,100,889.99 CNY from 58,279,264.99 CNY in the previous year[17] Assets and Liabilities - Total assets increased by 1.20% to ¥10,974,519,023.29 from ¥10,844,037,492.32 at the end of the previous year[2] - The total assets of the company reached CNY 10,974,519,023.29, up from CNY 10,844,037,492.32 at the beginning of the year[12] - The total liabilities increased to CNY 8,012,794,758.42 from CNY 7,713,581,518.62 at the beginning of the year[12] - The company's total equity decreased to CNY 2,961,724,264.87 from CNY 3,130,455,973.70 at the beginning of the year[12] Expenses and Costs - Total operating costs amounted to CNY 1,087,428,863.95, down from CNY 1,354,071,832.64 in the previous period[15] - Management expenses decreased by 31.98%, attributed to the divestiture of the equipment segment in the previous year[6] - Investment income dropped by 99.03%, mainly due to the previous year's gains from the transfer of the equipment segment[6] - The decline in net profit was influenced by rising raw material prices, a sluggish downstream market, and high shipping costs[6] Government Support and Investments - The company received government subsidies amounting to ¥12,125,452.41, which are closely related to its normal business operations[5] - The company approved a capital increase of CNY 45 million for its subsidiary, Dongfeng Tire, to enhance its capital structure and competitiveness[11] Receivables and Inventory - The company reported a 69.04% decrease in receivables financing, primarily due to the maturity of bank acceptance bills[6] - The company's inventory stood at CNY 1,227,333,112.53, an increase from CNY 1,187,443,675.07 at the beginning of the year[10] - The short-term borrowings rose to CNY 4,208,991,388.41 from CNY 3,754,517,452.06 at the beginning of the year[12]