证券代码：000795 证券简称：英洛华 公告编号：2023-020 英洛华科技股份有限公司 关于举办 2022 年度网上业绩说明会的公告 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。 英洛华科技股份有限公司（以下简称"公司"）已于 2023 年 3 月 11 日在 公司指定信息披露网站巨潮资讯网(www.cninfo.com.cn)披露了《公司 2022 年年 度报告》及其摘要。为便于广大投资者更加全面深入地了解公司经营情况，公 司定 于 2023 年 3 月 30 日 （星 期四 ）15:00-17:00 在" 价值 在 线" （www.ir-online.cn）举办 2022 年度网上业绩说明会，具体情况如下： 一、业绩说明会安排 1、召开时间：2023 年 3 月 30 日（星期四）15:00-17:00 2、召开方式：网络文字互动方式 4、出席人员：公司董事长兼总经理魏中华、独立董事王成方、董事会秘 书钱英红、财务总监刘江元，具体以当天实际参会人员为准。 二、投资者参与方式 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 ...

Financial Performance - The company's operating revenue for 2022 was ¥4,732,204,938.46, representing a 25.85% increase compared to ¥3,760,091,573.80 in 2021[19]. - The net profit attributable to shareholders for 2022 was ¥258,542,665.81, a significant increase of 90.91% from ¥135,426,552.50 in the previous year[19]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥212,405,313.82, up 106.46% from ¥102,877,240.35 in 2021[19]. - The net cash flow from operating activities improved to ¥64,834,632.71, a turnaround from a negative cash flow of ¥129,650,198.10 in 2021, marking a 150.01% increase[19]. - Basic earnings per share for 2022 were ¥0.2287, reflecting a 91.38% increase from ¥0.1195 in 2021[19]. - Total assets at the end of 2022 were ¥4,954,433,538.25, a 10.65% increase from ¥4,477,746,580.28 at the end of 2021[19]. - The net assets attributable to shareholders increased by 9.16% to ¥2,702,176,590.93 at the end of 2022, compared to ¥2,475,528,328.92 at the end of 2021[19]. - The weighted average return on equity for 2022 was 9.99%, an increase of 4.37% from 5.62% in 2021[19]. Revenue Breakdown - The company's NdFeB segment generated CNY 3,120,925.15 million, accounting for 65.95% of total revenue, with a year-on-year growth of 37.05%[56]. - The electric wheelchair and mobility scooter segment saw a revenue increase of 57.59%, totaling CNY 384,787.17 million, up from CNY 244,169.36 million in the previous year[56]. - Domestic sales accounted for 69.70% of total revenue, increasing by 29.37% year-on-year, while international sales grew by 18.45% to 30.30% of total revenue[56]. Research and Development - R&D investment amounted to 22,302.54 million yuan, representing a 29.09% increase compared to the previous year[42]. - The company has applied for 235 patents and received 169 new patent authorizations during the reporting period[44]. - The number of R&D personnel rose by 52.56% to 746, with a significant increase in the proportion of personnel holding bachelor's degrees by 46.71%[66]. Cash Flow and Liquidity - Operating cash inflow increased by 31.37% to ¥5,017,030,079.82, while operating cash outflow rose by 25.42% to ¥4,952,195,447.11, resulting in a net cash flow of ¥64,834,632.71[67]. - The net cash increase from financing activities surged by 1,728.96% to ¥467,343,940.57, primarily due to significant new borrowings[67]. - The company's cash and cash equivalents increased by 321.39% to ¥482,665,062.71, reflecting improved liquidity[67]. Dividend Distribution - The company plans to distribute a cash dividend of ¥0.80 per 10 shares, based on a total of 1,119,146,514 shares[4]. - The cash dividend accounted for 100% of the total profit distribution amount, with the distributable profit being 96,505,462.87 yuan[146]. Market and Industry Position - The company is recognized as a leading producer of high-performance neodymium-iron-boron permanent magnets in China, with a complete production line and strong partnerships with major clients[32]. - The demand for rare earth permanent magnets in the domestic new energy vehicle sector increased from 4,400 tons in 2018 to 20,661 tons in 2022, indicating significant market growth[28]. - The company is positioned to benefit from the ongoing energy revolution and the push for high-efficiency electric motors, which are expected to drive future growth opportunities[31]. Corporate Governance - The board of directors consists of seven members, including three independent directors, which meets legal requirements[112]. - The supervisory board has three members, including one employee representative, ensuring compliance with regulations[113]. - The company maintains independent operations from its controlling shareholders in terms of assets, personnel, finance, and business[117]. Environmental Responsibility - Environmental protection investments totaled CNY 5.235 million in 2022, with an environmental protection tax payment of CNY 5,000[166]. - The company discharged approximately 87,000 tons of wastewater in 2022, with all monitoring data indicating compliance with discharge standards[162]. - The company has established a comprehensive emergency response plan for environmental incidents, with two subsidiaries completing their plans in 2022[165]. Employee and Social Responsibility - The company emphasizes strict compliance with labor laws, providing employees with social security and medical insurance, ensuring their rights are protected[168]. - The company purchased over 700,000 yuan worth of agricultural products to support poverty alleviation and rural revitalization efforts[169]. - The company is focused on creating economic benefits while fulfilling its social responsibilities, contributing to local employment and poverty alleviation[168]. Risk Management - The company acknowledges risks related to macroeconomic policy changes, industry competition, raw material price fluctuations, and potential loss of core technical personnel, and plans to monitor and adapt strategies accordingly[100][101][102][103]. - The company will actively manage foreign exchange risks due to its export business by analyzing global financial markets and utilizing financial instruments[104].

英洛华科技股份有限公司 2018 年第三季度报告全文 英洛华科技股份有限公司 2 2018 年第三季度报告 2018 年 10 月 1 英洛华科技股份有限公司 2018 年第三季度报告全文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人许晓华先生、主管会计工作负责人方建武先生及会计机构负责 人谢春英女士声明：保证季度报告中财务报表的真实、准确、完整。 英洛华科技股份有限公司 2018 年第三季度报告全文 第二节 公司基本情况 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 2,805,066,392.98 | | 2,625,120,776.26 | 6.85% | | 归属于上市公司股东的净资产（元） | 2,142,502,239.6 ...

英洛华科技股份有限公司 2018 年半年度报告全文 英洛华科技股份有限公司 2018 年半年度报告 2018 年 08 月 1 英洛华科技股份有限公司 2018 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 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。 公司负责人许晓华先生、主管会计工作负责人方建武先生及会计机构负责 人谢春英女士声明：保证本半年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议 | 未亲自出席董事姓名 | 未亲自出席董事职务 | 未亲自出席会议原因 | 被委托人姓名 | | --- | --- | --- | --- | | 厉宝平 | 董事 | 工作原因 | 徐文财 | 本半年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承 诺，请投资者注意投资风险。 公司在本报告"第四节 经营情况讨论与分析"之"十 公司面临的风险和 应对措施"部分详细描述了公司未来经营中可能存在的风险及应对措施，敬请 投资者关注相关内容。 公司计划不派发现 ...

Financial Performance - The company's revenue for Q1 2018 was ¥387,889,107.28, representing a 17.66% increase compared to ¥329,670,467.61 in the same period last year[8] - Net profit attributable to shareholders was ¥17,173,088.91, up 14.55% from ¥14,991,561.15 year-on-year[8] - The net profit after deducting non-recurring gains and losses was ¥10,817,717.93, reflecting an 11.14% increase from ¥9,733,265.66 in the previous year[8] - Basic earnings per share increased by 15.38% to ¥0.015 from ¥0.013 in the previous year[8] - The weighted average return on equity rose by 0.06 percentage points to 0.82% from 0.76% year-on-year[8] Cash Flow - The net cash flow from operating activities decreased by 47.44%, amounting to ¥29,485,044.34 compared to ¥56,094,792.43 in the same period last year[8] - The company's net cash flow from operating activities decreased by 47.44% year-on-year, amounting to ¥29,485,044.34, primarily due to a larger increase in cash paid for goods and services compared to cash received from sales[19] - The company's net cash flow from investing activities was -¥19,663,751.45, indicating increased cash outflows for fixed assets and other long-term assets[19] Assets and Liabilities - Total assets at the end of the reporting period were ¥2,623,442,781.67, a slight decrease of 0.06% from ¥2,625,120,776.26 at the end of the previous year[8] - Net assets attributable to shareholders increased by 0.83% to ¥2,091,159,735.16 from ¥2,073,986,646.25 at the end of the previous year[8] - Other current assets decreased by 32.95% to ¥109,106,984.01, mainly due to a reduction in entrusted financial management by a wholly-owned subsidiary[17] - Prepayments increased by 85.30% to ¥67,683,576.47, attributed to an increase in advance payments received by the company's controlling subsidiary[17] - Other current liabilities decreased by 40.09% to ¥5,213,220.10, primarily due to a reduction in accrued expenses[17] Non-Recurring Items - The company reported non-recurring gains of ¥6,355,370.98, primarily from government subsidies and asset disposals[9] - Other income for the reporting period was ¥2,876,830.68, while non-operating income decreased by 37.59% to ¥4,449,861.37 due to changes in accounting standards regarding government subsidies[18] Shareholder Information - The total number of shareholders at the end of the reporting period was 101,786, with the largest shareholder holding 39.38% of the shares[12] Operational Outlook - The company does not anticipate significant changes in net profit for the first half of 2018 compared to the previous year[22] Compliance and Investments - There were no violations regarding external guarantees or non-operating fund occupation by controlling shareholders during the reporting period[25][26] - The company did not engage in any securities or derivative investments during the reporting period[22][23]

Financial Performance - The company's operating revenue for 2017 was ¥1,857,102,873.76, representing a 12.48% increase compared to ¥1,651,054,265.84 in 2016[19]. - The net profit attributable to shareholders in 2017 was ¥102,749,259.92, a significant increase of 197.13% from ¥34,580,814.84 in 2016[19]. - The basic earnings per share rose to ¥0.09 in 2017, a 200% increase from ¥0.03 in 2016[19]. - The total assets at the end of 2017 were ¥2,625,120,776.26, reflecting a 3.96% increase from ¥2,525,088,615.34 at the end of 2016[19]. - The net assets attributable to shareholders increased by 5.28% to ¥2,073,986,646.25 at the end of 2017, compared to ¥1,969,879,191.29 at the end of 2016[19]. - The weighted average return on net assets increased by 3.05 percentage points to 5.08% in 2017 from 2.03% in 2016[19]. - The company reported a net profit attributable to shareholders of 102,749,259.92 yuan for 2017, with a negative distributable profit of -178,842,163.96 yuan, resulting in no cash dividends or stock bonuses for the year[92]. - The company reported a total revenue of 4.00 billion RMB for the year, with a year-over-year growth of 3.76%[124]. - The net profit for the reporting period was 154 million RMB, maintaining a stable performance compared to the previous year[124]. Cash Flow and Investments - The net cash flow from operating activities decreased by 29.95% to ¥98,806,828.63 in 2017, down from ¥141,057,365.59 in 2016[19]. - Long-term equity investments decreased by ¥34.50 million due to investment losses and impairment provisions recognized by a wholly-owned subsidiary[34]. - Operating cash inflow rose by 39.82% to ¥1,985,697,457.42, while operating cash outflow increased by 47.52% to ¥1,886,890,628.79[57]. - The company reported a net loss from investments of ¥28,930,772.79, primarily due to losses from equity method investments[59]. - The company has committed to several investment projects, including a high-performance neodymium iron boron permanent magnet production technology project, which has reached 100% of its investment target[74]. - The company has a total of 139,076 million CNY in committed investment projects, with 119,500 million CNY utilized as of the reporting period[74]. Business Operations and Strategy - The company has undergone a business transformation, shifting its main operations from abrasive materials to neodymium iron boron magnetic materials and motor products since 2015[17]. - The company aims to become the largest neodymium-iron-boron production base in China, targeting leadership in the international rare earth permanent magnet industry[33]. - The company is actively pursuing market expansion through strategic partnerships and the establishment of industry standards[37]. - The company plans to expand its business in the new energy vehicle sector, which is supported by national policies, providing significant market potential for electric motor-related developments[86]. - The company aims to leverage opportunities in the rare earth permanent magnet materials sector, focusing on low-consumption, high-performance products to enhance production capacity and product structure[86]. - The company is committed to developing a precision manufacturing platform integrating control technology and electric motors, targeting high-end equipment such as firefighting robots and medical rehabilitation electric wheelchairs[87]. Research and Development - R&D investment increased by 12.22% to ¥100,153,928.07 in 2017, with R&D personnel rising by 22.47% to 436[55]. - The company holds over 1,000 patents in the electric motor industry, including 236 domestic and international invention patents[36]. - The company has developed a fire simulation training system, which has been successfully applied in training bases, and has obtained 1 invention patent and 22 utility model patents in this area[36]. - The company is focusing on the development of new products, particularly in the magnetic materials sector, with an investment of 500 million RMB allocated for R&D[156]. Market and Sales Performance - In Q1 2023, the company reported revenue of approximately ¥329.67 million, which increased to ¥546.93 million by Q4 2023, reflecting a growth of 65.9% over the year[23]. - The revenue from the neodymium iron boron segment was ¥975,716,443.54, accounting for 52.54% of total revenue, with a year-on-year growth of 3.07%[43]. - The electric motor series revenue reached ¥715,202,916.86, which is 38.51% of total revenue, showing a significant increase of 48.00% year-on-year[43]. - The company’s international revenue increased by 95.41% to ¥596,144,293.11, while domestic revenue decreased by 6.32% to ¥1,260,958,580.65[44]. - The sales distribution of rare earth permanent magnet materials shows a domestic market share of 55%, with Southeast Asia at 21% and Europe at 18%[32]. Corporate Governance and Compliance - The company has implemented a strict information disclosure system, ensuring the authenticity, accuracy, completeness, and timeliness of disclosed information[172]. - The company has established specialized committees within the board, including strategy, audit, nomination, and remuneration committees, to enhance governance[171]. - The audit report issued by Shandong Hexin Accounting Firm confirmed that the financial statements fairly reflect the company's financial position and operating results for the year ended December 31, 2017[194]. - The company has no significant internal control deficiencies reported during the period[184]. - The company has a dedicated investor relations management team to facilitate communication with investors and provide necessary information[172]. Employee and Social Responsibility - The total number of employees in the company is 3,405, with 2,508 in production, 149 in sales, 286 in technology, 70 in finance, and 392 in administration[166]. - The company has a strong commitment to protecting employee rights and benefits, contributing to overall corporate cohesion[130]. - The company conducts regular professional skills training to enhance employee capabilities and safety education to ensure safe operations[168]. - The company has achieved all environmental discharge standards, with no incidents of environmental pollution reported during the year[132]. - The company has maintained a commitment to sustainable development by optimizing production processes and reducing energy consumption[132]. Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% based on new product launches and market expansion strategies[95]. - Future guidance includes an earnings per share (EPS) target of 2.5 yuan, reflecting a 30% increase from the previous year[96]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[95]. - The company is considering strategic acquisitions to enhance its technology capabilities, with a budget of 1 billion RMB earmarked for potential mergers and acquisitions[156].

英洛华科技股份有限公司 2017 年第三季度报告全文 所有董事均已出席了审议本次季报的董事会会议。 公司负责人许晓华先生、主管会计工作负责人方建武先生及会计机构负责 人谢春英女士声明：保证季度报告中财务报表的真实、准确、完整。 2 英洛华科技股份有限公司 2017 年第三季度报告 2017 年 10 月 1 英洛华科技股份有限公司 2017 年第三季度报告全文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 英洛华科技股份有限公司 2017 年第三季度报告全文 第二节 公司基本情况 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 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 2,635,629,366.89 | 2,525,088,615.34 | | 4.38% | | 归属于上市公司股东的净资产（元） | 2,062,892,815.0 ...

英洛华科技股份有限公司 2017 年半年度报告全文 英洛华科技股份有限公司 2017 年半年度报告 2017 年 08 月 1 英洛华科技股份有限公司 2017 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 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。 公司负责人许晓华先生、主管会计工作负责人方建武先生及会计机构负责 人谢春英女士声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本半年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承 诺，请投资者注意投资风险。 公司在本报告"第四节 经营情况讨论与分析"之"十、公司面临的风险和 应对措施"部分描述了公司未来经营中可能存在的风险及应对措施，敬请投资者 关注相关内容。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司根据财政部 2017 年 5 月 10 日发布的《关于印发修订<企业会计准则第 16 号——政府补助>的通知》（财会〔2017〕15 号）要求，自 2017 年 6 月 12 ...

英洛华科技股份有限公司 2017 年第一季度报告全文 英洛华科技股份有限公司 2017 年第一季度报告 2017 年 04 月 1 英洛华科技股份有限公司 2017 年第一季度报告全文 第一节 重要提示 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、误导性陈述或者重大遗漏，并承担个别和 连带的法律责任。 公司负责人许晓华先生、主管会计工作负责人方建武先生及会计机构负责 人谢春英女士声明：保证季度报告中财务报表的真实、准确、完整。 2 除下列董事外，其他董事亲自出席了审议本次季报的董事会会议 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 魏中华 董事 工作原因 姚湘盛 英洛华科技股份有限公司 2017 年第一季度报告全文 第二节 公司基本情况 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 √ 是 □ 否 | | 本报告期 | 上年同期 | | 本报告期比上年同 | | --- | --- | --- | --- | --- | | | | | | 期增减 | | | | 调整前 | ...

Financial Performance - The company's operating revenue for 2016 was approximately ¥1.65 billion, representing a 4.35% increase compared to ¥1.58 billion in 2015[18]. - The net profit attributable to shareholders was approximately ¥34.58 million, a significant recovery from a loss of ¥57.95 million in 2015[18]. - The net cash flow from operating activities was approximately ¥141.06 million, improving from a negative cash flow of ¥195.46 million in the previous year[18]. - The total assets at the end of 2016 were approximately ¥2.53 billion, reflecting a 13.25% increase from ¥2.23 billion at the end of 2015[19]. - The net assets attributable to shareholders increased by 46.95% to approximately ¥1.97 billion, up from ¥1.34 billion in 2015[19]. - The basic earnings per share for 2016 was ¥0.03, recovering from a loss of ¥0.14 per share in 2015[19]. - The weighted average return on equity for 2016 was 2.03%, a recovery from -5.20% in 2015[19]. - Non-recurring gains and losses totaled ¥63.64 million for the year, a decrease from ¥101.44 million in the previous year[25]. - The company reported a net profit contribution of 90,918,375.97 CNY from its subsidiary Zhejiang Lianyi Motor Co., Ltd., which accounted for over 10% of the company's total net profit[84]. Revenue Breakdown - Total revenue for the first quarter was ¥258.31 million, with a peak in the second quarter at ¥513.91 million, followed by ¥391.87 million in the third quarter and ¥486.97 million in the fourth quarter[23]. - The revenue from the NdFeB segment was CNY 946.64 million, representing 57.34% of total revenue, with a slight increase of 1.24% year-on-year[41]. - The motor series revenue reached CNY 483.24 million, accounting for 29.27% of total revenue, with an 8.40% increase compared to the previous year[41]. - The logistics stereoscopic warehouse segment saw a significant growth of 38.65%, generating CNY 95.99 million in revenue[41]. Acquisitions and Investments - The company completed the acquisition of 100% equity in Ganzhou Dongci Rare Earth Co., Ltd. and Zhejiang Hengdian Innuovo Import and Export Co., Ltd. in May 2016[19]. - The company acquired 100% equity of Ganzhou East Rare Earth Co., Ltd. and Zhejiang Hengdian Yingluohua Import and Export Co., Ltd. in May 2016, expanding its business operations[52]. - The total investment in significant equity investments during the reporting period amounted to CNY 612,999,992.88, with expected returns of CNY 46,748,100.00[70]. - The company completed the acquisition of 100% equity in both Ganzhou East Rare Earth Co., Ltd. and Zhejiang Hengdian Yingluo Import and Export Co., Ltd. through a non-public issuance of shares in May 2016[103]. Research and Development - The company’s R&D personnel accounted for 11.06% of the total workforce, with 356 researchers contributing to innovation[35]. - R&D investment increased by 34.06% to ¥89,245,629.29 in 2016, accounting for 5.41% of operating revenue[59]. - The company has established multiple R&D partnerships with universities and international firms to enhance its technological capabilities[58]. - The company holds over 100 patents, including 27 invention patents, indicating a strong focus on innovation and technology development[35]. Market Strategy and Goals - The company aims to become the largest neodymium-iron-boron production base in China and a leading brand in the international rare earth permanent magnet industry[32]. - The company is focusing on expanding its market in the new energy vehicle sector, which is expected to provide significant market space for the development of electric motor power battery packs and drive systems[86]. - The company aims to strengthen its technological and industry advantages, positioning itself as a technology platform focused on precision manufacturing and intelligent control[87]. Shareholder and Governance - The company has committed to not transferring shares for 36 months following the issuance of new shares, adhering to regulatory requirements[94]. - The company has established a clear framework for managing share transfers in compliance with regulatory requirements[95]. - The company has established a dedicated investor relations management section on its website to facilitate communication with investors and ensure timely and accurate information disclosure[179]. - The governance structure complies with relevant laws and regulations, ensuring equal rights for all shareholders[175]. Financial Health and Compliance - The company's debt-to-asset ratio improved significantly from 39.49% to 20.80%, a reduction of 18.69 percentage points[141]. - The company maintained effective internal control over financial reporting as of December 31, 2016, in all material respects[192]. - The internal control audit report issued by the accounting firm was a standard unqualified opinion[197]. - The company reported no significant related party transactions during the reporting period[108]. Operational Efficiency - The company aims to reduce operational costs by 5% through efficiency improvements and process optimization[162]. - The company has implemented measures to enhance product quality and reduce energy consumption[124]. - The company introduced advanced automation equipment, enhancing process control and operational efficiency[36]. Employee and Management Structure - The total number of employees in the company is 3,219, with 1,676 in production and 129 in sales[169]. - The company conducts regular training programs for new employees and safety education to enhance production awareness[172]. - The company has established a salary system based on job importance, responsibilities, and performance evaluations[171]. - The company’s board includes members with significant experience, such as Xu Xiaohua, who has held various leadership roles and received multiple accolades[158].