证券代码：000837 证券简称：秦川机床 秦川机床工具集团股份公司 投资者关系活动记录表 编号：2021-03 | --- | --- | --- | |-----------------------------|-------------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------| | | 特定对象调研 | □分析师会议 | | | | □媒体采访 □业绩说明会 | | 投资者关系活动 | □新闻发布会 □路演活动 | | | 类别 | 现场参观 | | | | □其他 | （请文字说明其他活动内容） | | | | 东方证券杨震；中金公司郭威秀；东兴证券樊艳阳；华安证券 | | 参与单位名称及 | | 郭倩倩；信达证券刘俊奇；新时代证券孟鹏飞、韦俊龙；东兴 基金蒋兴文 ...

证券代码：000837 证券简称：秦川机床 1 秦川机床工具集团股份公司 投资者关系活动记录表 编号：2021-04 | --- | --- | --- | |-------------------------|-------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

证券代码：000837 证券简称：秦川机床 1 秦川机床工具集团股份公司 投资者关系活动记录表 编号：2021-05 | --- | --- | --- | |---------------|-----------------------|----------------------------------------------------------------| | | | 特定对象调研 □分析师会议 | | 投资者关系 | □媒体采访 □业绩说明会 | | | 活动类别 | □新闻发布会 | □路演活动 | | | □现场参观 | 电话会议 | | | | 兴业证券股份有限公司、中国国际金融股份有限公司、汇安基金 | | | | 管理有限责任公司、诺安基金管理有限公司、中国人寿资产管理 | | | | 有限公司、华泰柏瑞基金管理有限公司、广发基金管理有限公司、 | | | | 上银基金管理有限公司、阳光资产管理股份有限公司、中信资本 | | | | （中国）投资有限公司、创金合信基金管理有限公司、摩根士丹 | | | | 利华鑫基金管理有限公司、兴银成长资本管理有限公司、开源证 | | | | 券股份 ...

1 证券代码：000837 证券简称：秦川机床 秦川机床工具集团股份公司 投资者关系活动记录表 编号：2022-03 | --- | --- | |--------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Revenue and Profit Performance - Revenue for the third quarter was 957.11 million yuan, a decrease of 11.33% year-over-year[6] - Net profit attributable to shareholders was 50.26 million yuan, a slight increase of 0.34% year-over-year[6] - Operating income for the period was 3,096,449,631.74 RMB, a decrease from 4,068,507,122.37 RMB in the same period last year[27] - Net profit attributable to the parent company's owners increased to 612,909,537.13 RMB from 406,847,516.95 RMB at the beginning of the year[26] - Net profit attributable to parent company shareholders decreased to 206,062,020.18 from 256,985,501.18, a decline of approximately 19.8%[29] - Operating profit dropped to 232,761,238.90 from 312,657,722.33, a decrease of about 25.5%[29] - Basic earnings per share fell to 0.2291 from 0.3588, a reduction of approximately 36.1%[29] - Sales revenue from goods and services declined to 1,614,641,501.22 from 2,047,626,191.31, a drop of approximately 21.1%[33] Cash Flow and Financial Activities - Operating cash flow for the first three quarters was negative 89.40 million yuan, a decrease of 133.69% year-over-year[6] - Net cash flow from operating activities decreased by 133.69% to -89,398,132.02 due to a reduction in cash receipts[13] - Cash flow from operating activities turned negative at -89,398,132.02 compared to a positive 265,327,673.73 in the previous period[33] - Cash flow from investing activities was -217,247,144.01, a significant decrease from 363,840,970.69 in the prior period[33] - Net cash flow from financing activities increased by 121.04% to 55,630,467.92 due to a reduction in loan repayments[13] - Cash flow from financing activities improved to 55,630,467.92 from -264,345,218.05[35] - Total cash and cash equivalents decreased to 902,406,827.88 from 1,151,515,162.50 at the beginning of the period[35] Assets and Liabilities - Total assets increased by 6.21% to 8.36 billion yuan compared to the end of the previous year[6] - Total assets increased to 8,361,321,686.92 RMB as of September 30, 2022, compared to 7,872,086,105.12 RMB at the beginning of the year[21][26] - Accounts receivable increased by 47.11% to 991.04 million yuan due to delayed payments for sales[10] - Accounts receivable increased to 991,035,425.37 RMB from 673,672,028.92 RMB at the beginning of the year[21] - Prepayments increased by 57.16% to 124.17 million yuan due to higher prepayments for materials[10] - Prepayments increased by 1,532.98% to 1,904,053.17 due to an increase in prepaid lease payments[13] - Construction in progress increased by 229.48% to 413.30 million yuan due to increased investment in technical upgrades[10] - Other non-current assets increased by 65.90% to 89.99 million yuan due to increased prepayments for equipment related to technical upgrades[10] - Short-term borrowings increased by 58.18% to 823.37 million yuan due to changes in the structure of long-term and short-term loans[10] - Short-term borrowings rose to 823,372,477.80 RMB from 520,543,953.07 RMB at the start of the year[24] - Long-term borrowings increased by 162.62% to 360,117,152.38 due to an increase in loans with a maturity of more than one year[13] - Long-term loans increased to 360,117,152.38 RMB from 137,126,391.88 RMB at the beginning of the year[24] - Total liabilities rose to 4,268,689,196.17 RMB from 3,999,806,497.03 RMB at the start of the year[24][26] - Inventory levels grew to 1,795,785,667.76 RMB from 1,744,111,181.22 RMB at the start of the year[21] Expenses and Income - Sales expenses decreased by 34.53% to 99,552,946.75 due to a reduction in revenue-related expenses[13] - Financial expenses decreased by 51.02% to 21,037,477.74 due to a reduction in interest expenses[13] - Other income increased by 44.91% to 71,295,862.45 due to an increase in government subsidies[13] - Investment income decreased by 87.87% to 7,935,873.25 due to the transfer of subsidiaries in the previous period[13] - Operating costs amounted to 2,993,262,064.09 RMB, down from 3,858,323,034.38 RMB year-over-year[27] - Research and development expenses were 111,059,098.45 RMB, slightly down from 116,959,875.93 RMB in the same period last year[27] - Credit impairment losses increased to -8,105,821.78 from -9,897,792.65, indicating a slight improvement[29] - Asset impairment losses decreased significantly to -223,166.67 from -4,795,970.95[29] Government Subsidies and Shareholder Information - Government subsidies received during the reporting period amounted to 36.28 million yuan[9] - Other income increased by 44.91% to 71,295,862.45 due to an increase in government subsidies[13] - The top shareholder, Shaanxi Fast Auto Drive Group Co., Ltd., holds 35.19% of the shares, totaling 316,499,048 shares[14] Capital and Investment Plans - The company plans to issue no more than 269,811,273 shares, raising up to 1.23 billion yuan for various projects including the "Qinchuangyuan·Qinchuan Group High-end Industrial Machine Tool Innovation Base Project (Phase I)"[17]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,139,343,839.59, a decrease of 28.43% compared to ¥2,989,063,269.36 in the same period last year[38]. - The net profit attributable to shareholders of the listed company was ¥155,800,727.21, down 24.70% from ¥206,893,512.35 in the previous year[38]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥69,698,452.50, a decline of 43.64% compared to ¥123,672,163.77 in the same period last year[38]. - The basic earnings per share decreased by 41.96% to ¥0.1732 from ¥0.2984 in the previous year[38]. - The company reported a net cash flow from operating activities of -¥65,062,036.32, compared to ¥121,554,626.17 in the same period last year[38]. - The company's operating costs also decreased by 28.08%, from ¥2,406,625,790.17 to ¥1,730,879,101.76[67]. - The company reported a total non-recurring gains and losses of ¥86,102,274.71, which includes gains from the disposal of non-current assets amounting to ¥57,858,918.69 and government subsidies of ¥26,743,149.41[41]. Assets and Investments - The total assets at the end of the reporting period were ¥8,109,028,790.24, an increase of 3.01% from ¥7,872,086,105.12 at the end of the previous year[38]. - The net assets attributable to shareholders of the listed company increased by 4.92% to ¥3,383,002,429.62 from ¥3,224,497,080.12 at the end of the previous year[38]. - The company reported a total asset value of approximately ¥2.01 billion and a net asset value of around ¥906.84 million, indicating a solid financial position[100]. - The company’s short-term borrowings rose to CNY 902,831,170.22, representing 11.13% of total assets, an increase of 4.52% from the previous year[75]. - The company’s inventory stood at CNY 1,729,912,568.80, accounting for 21.33% of total assets, a slight decrease of 0.83% year-on-year[75]. - The total investment during the reporting period was CNY 332,801,867.47, a significant increase of 106.78% compared to CNY 160,945,000.00 in the same period last year[80]. Market and Industry Trends - The machine tool industry saw a 9.8% year-on-year decline in imports, with metal cutting machine imports dropping to $3.35 billion[49]. - Exports of metal processing machine tools increased by 13.8% year-on-year, reaching $2.79 billion, with metal cutting machine exports growing by 15.4% to $1.96 billion[49]. - The CNC machine tool industry is expected to benefit from increasing demand for high-speed, high-precision products due to the transition from a manufacturing power to a manufacturing strong nation[51]. - The company aims to enhance its core component self-sufficiency, with a target of achieving an 80% domestic market share for standard and intelligent CNC systems by 2025[52]. Research and Development - Research and development investment increased by 3.54% to ¥111,839,625.18, compared to ¥108,016,606.25 in the previous year[67]. - The company plans to accelerate the development of 27 key R&D projects in 2022 to improve its technological capabilities and maintain its competitive edge in the machine tool industry[103]. - Qin Chuan Machine Tool applied for 20 patents in the first half of 2022, including 8 invention patents, and completed 4 major national science and technology projects[64]. Environmental and Social Responsibility - The company has established two wastewater treatment stations, with the first station collecting and treating production wastewater to meet standards before being discharged into the second station for further processing[121]. - The company has implemented various pollution prevention measures, including the treatment of wastewater and waste gas, to comply with environmental standards[121]. - The company completed a greening project covering nearly 30,000 square meters, enhancing its carbon neutrality capabilities[136]. - The company allocated 1.1 million CNY to purchase local agricultural products to support employee welfare and poverty alleviation[138]. - The company provided 15 million CNY in consumption assistance to local farmers, promoting rural revitalization[141]. Corporate Governance and Shareholder Information - The total number of common shareholders at the end of the reporting period was 73,833, representing a 5% increase[193]. - The largest shareholder, Shaanxi Fastech Automotive Transmission Group Co., Ltd., holds 35.19% of shares, totaling 316,499,048 shares[193]. - The company did not experience any changes in its controlling shareholder during the reporting period[199]. - The company has maintained a good integrity status with no major debts or court judgments pending[154]. - The company has not engaged in any securities or derivative investments during the reporting period[87][88].

Revenue and Profit - Revenue for Q1 2022 was CNY 1,119,219,977.04, a decrease of 28.34% compared to CNY 1,561,944,133.56 in the same period last year[3] - Net profit attributable to shareholders was CNY 60,070,532.38, down 15.03% from CNY 70,692,101.35 year-on-year[3] - Basic earnings per share decreased by 34.51% to CNY 0.0668 from CNY 0.1020 in the previous year[3] - Total operating revenue for the current period is ¥1,119,219,977.04, a decrease of 28.3% compared to ¥1,561,944,133.56 in the previous period[26] - Net profit for the current period is ¥66,989,545.70, a decline of 23.2% from ¥87,198,286.00 in the previous period[29] - Earnings per share for the current period is ¥0.0668, compared to ¥0.1020 in the previous period[29] Cash Flow - Net cash flow from operating activities was negative at CNY -119,240,325.00, compared to a positive CNY 5,980,341.28 in the same period last year[3] - Total cash inflow from operating activities was 532,349,088.71, compared to 650,329,850.95 in the previous period[33] - Cash outflow for operating activities totaled 651,589,413.71, slightly increased from 644,349,509.67 in the previous period[33] - Cash flow from investing activities was -239,073,172.14, worsening from -26,296,795.23 in the previous period[33] - Net cash flow from financing activities was 114,691,213.18, a significant improvement from -117,448,957.79 in the previous period[36] - The ending cash and cash equivalents balance was 907,885,828.80, an increase from 542,803,417.64 in the previous period[36] Assets and Liabilities - Total assets increased by 3.74% to CNY 8,166,316,387.41 from CNY 7,872,086,105.12 at the end of the previous year[3] - The total liabilities of the company increased, with accounts payable rising to ¥1,244,182,461.34 from ¥1,164,868,500.66[19] - Total liabilities increased to ¥4,225,825,034.50 from ¥3,999,806,497.03, reflecting a growth of 5.6%[25] - Total equity attributable to shareholders of the parent company is ¥3,285,627,001.11, up from ¥3,224,497,080.12, indicating an increase of 1.9%[25] Borrowings and Financing - The company reported a significant increase in short-term borrowings, rising by 72.04% to CNY 895,560,566.11 from CNY 520,543,953.07[7] - Short-term borrowings increased significantly to ¥895,560,566.11 from ¥520,543,953.07, indicating a rise in leverage[19] - The company’s cash flow from financing activities improved by 197.65%, reaching CNY 114,691,213.18 compared to a negative CNY -117,448,957.79 in the previous year[10] Expenses - The company reported a decrease in sales expenses by 31.51% to CNY 34,632,368.20, reflecting cost-cutting measures in response to reduced revenue[7] - The company reported a decrease in sales expenses to ¥34,632,368.20 from ¥50,567,857.79, a reduction of 31.5%[26] - Research and development expenses for the current period are ¥34,475,753.57, an increase of 15.5% compared to ¥29,830,067.00 in the previous period[26] Shareholder Information - The total number of common shareholders at the end of the reporting period is 73,125, with the largest shareholder, Shaanxi Fastech Automotive Transmission Group Co., Ltd., holding 35.19% of shares[11] - The company has a total of 110,499,048 unrestricted shares held by its largest shareholder, Shaanxi Fastech Automotive Transmission Group Co., Ltd.[11] Other Financial Metrics - The company’s weighted average return on equity decreased to 1.85% from 3.23% year-on-year[3] - The company’s receivables increased by 36.71% to CNY 921,007,346.57, indicating a rise in credit sales[7] - Accounts receivable increased to ¥921,007,346.57 from ¥673,672,028.92 year-on-year, indicating a significant rise in credit sales[16] - The company reported a significant increase in contract liabilities to ¥355,791,931.77 from ¥296,354,802.25 year-on-year, indicating growth in advance payments received[19] - Deferred income increased to ¥363,208,838.59 from ¥353,597,356.64, showing a growth of 2.0%[25]

Financial Performance - The company reported a total revenue of 1.2 billion RMB for the year 2021, representing a year-on-year increase of 15%[18]. - The company's operating revenue for 2021 was ¥5,052,396,076.87, representing a 23.38% increase compared to ¥4,095,082,562.66 in 2020[26]. - The net profit attributable to shareholders for 2021 was ¥280,818,083.05, an increase of 83.68% from ¥152,882,565.18 in 2020[26]. - The basic earnings per share for 2021 was ¥0.3770, a 70.98% increase from ¥0.2205 in 2020[26]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the fiscal year, representing a 20% year-over-year growth[130]. - The company achieved a net profit of 150 million RMB in 2021, which is a 20% increase compared to the previous year[163]. - The management provided guidance for 2022, projecting a revenue growth of 20% and a net profit increase of 25%[163]. Profitability and Margins - The gross profit margin improved to 30%, up from 28% in the previous year, indicating better cost management and pricing strategies[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥120,294,416.37, up 186.03% from ¥42,056,184.08 in 2020[26]. - The gross margin for the machine tool segment improved to 16.68%, reflecting a 3.73% increase compared to the previous year[65]. - The company reported a 5% increase in gross margin, reaching 35% in 2021, due to improved operational efficiency[163]. Research and Development - The company plans to invest 200 million RMB in R&D for new product development in 2022, focusing on high-end machine tools and automation technologies[18]. - The company's R&D investment amounted to 281 million yuan, accounting for approximately 5.56% of total revenue[57]. - A total of 161 new products and improved key products were developed during the year[57]. - The company launched five new generations of intelligent machine tools at the 17th China International Machine Tool Exhibition[50]. - The company is focusing on the development of intelligent machine tools and has 39 key R&D projects underway[50]. - Research and development investments are set to increase by 30%, focusing on innovative manufacturing solutions[147]. Market Expansion and Strategy - Future guidance estimates a revenue growth of 10-15% for 2022, driven by market expansion and new product launches[18]. - The company is exploring strategic acquisitions to enhance its market position and expand its product offerings in the next fiscal year[18]. - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[130]. - A strategic acquisition of a local competitor is anticipated to enhance production capabilities and increase market share by 5%[147]. Operational Efficiency and Cost Management - The company has established a performance budget system to enhance cost control and efficiency[57]. - The company implemented cost control measures that effectively reduced operational costs while enhancing production efficiency[60]. - The total operating cost for the company in 2021 was approximately 4.07 billion yuan, a 26.10% increase compared to 2020[71]. - The company plans to implement new operational strategies aimed at reducing costs by 15% over the next year[147]. Shareholder and Governance Structure - The company has maintained a stable shareholder structure, with no significant changes in major shareholders during the reporting period[24]. - The management emphasized the importance of enhancing investor relations, with a participation rate of 37.61% in the recent shareholder meeting[139]. - The company maintains a strong governance structure, ensuring compliance with regulatory requirements and independent operations[135]. - The company completed the election of the eighth board of directors and supervisory board on July 2, 2021, improving its corporate governance structure[188]. Environmental Compliance - The company has established two wastewater treatment stations, ensuring compliance with discharge standards for both production and domestic wastewater[196]. - The company reported no exceedances in pollutant emissions across various monitored parameters, including chemical oxygen demand and ammonia nitrogen[195]. - The company has a general solid waste storage facility with waterproof and leak-proof measures, and hazardous waste is managed in a dedicated storage room with appropriate safety protocols[196]. Future Outlook - The company expects to achieve an operating income of ¥6 billion in 2022, with a net profit growth of no less than 10% compared to the previous year[119]. - The company aims to enhance its main business in high-end manufacturing and core components, focusing on sectors such as automotive, aerospace, and new energy[119]. - The company is committed to deepening internal collaboration and enhancing the efficiency of its operations to increase market share[119].

秦川机床工具集团股份公司 2021 年第三季度报告 □ 是 √ 否 证券代码：000837 证券简称：秦川机床 公告编号：2021-69 秦川机床工具集团股份公司 2021 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 | --- | --- | --- | --- | --- | |------------------------------------------------------|------------------|-------------------------|-------------------------- ...

Financial Performance - The company's operating revenue for the first half of 2021 was CNY 2,989,063,269.36, representing a 64.53% increase compared to CNY 1,816,758,739.57 in the same period last year[26]. - The net profit attributable to shareholders of the listed company reached CNY 206,893,512.35, a significant increase of 287.89% from CNY 53,337,838.81 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was CNY 123,672,163.77, which is a remarkable increase of 945.91% compared to CNY 11,824,344.67 in the same period last year[26]. - The basic earnings per share for the reporting period was CNY 0.2984, up 288.04% from CNY 0.0769 in the previous year[26]. - The weighted average return on net assets was 9.16%, an increase of 6.69% compared to 2.47% in the same period last year[26]. - The total profit reached 254 million CNY, with a year-on-year increase of 167.28%[38]. - Net profit attributable to the parent company was 207 million CNY, showing a significant year-on-year growth of 287.89%[38]. - The company reported a significant increase in net profit from equity transfers amounting to ¥63,792,208.58, following the sale of stakes in subsidiaries[45]. - The company reported a net profit of CNY 335,848,771.00 for the period, compared to CNY 128,955,258.65 for the same period last year[185]. Revenue Breakdown - The main business segment, machine tools, generated a revenue of 1.325 billion CNY, up 69.57% year-on-year[38]. - The components business reported a revenue of 999 million CNY, reflecting a year-on-year increase of 96.28%[38]. - The instruments and meters business achieved a revenue of 61 million CNY, with a year-on-year growth of 68.43%[38]. - The tools business generated a revenue of 262 million CNY, marking a year-on-year increase of 55.50%[38]. - The trade business reported a revenue of 193 million CNY, up 55.21% year-on-year[41]. - Other businesses saw a revenue of 99 million CNY, down 38.66% due to the transfer of subsidiaries[41]. Cash Flow and Assets - The company reported a net cash flow from operating activities of CNY 121,554,626.17, a significant recovery from a negative cash flow of CNY -16,695,252.07 in the previous year[26]. - The total assets at the end of the reporting period were CNY 7,124,739,323.01, a decrease of 23.14% from CNY 9,269,696,535.86 at the end of the previous year[26]. - The net assets attributable to shareholders of the listed company increased to CNY 2,367,182,980.20, reflecting a growth of 9.94% from CNY 2,153,162,411.16 at the end of the previous year[26]. - The company reported a significant decrease in cash and cash equivalents, down to ¥535,833,632.57, which is 7.52% of total assets[50]. - Accounts receivable increased to ¥908,933,194.70, representing 12.76% of total assets, up from 7.59% the previous year[50]. - Inventory levels decreased to ¥1,517,436,061.86, accounting for 21.30% of total assets, down from 17.77% the previous year[50]. Investment and R&D - Research and development investment rose by 20.28% to ¥108,016,606.25, reflecting the company's commitment to innovation[45]. - The company launched 39 key R&D projects during the year, including the development of new intelligent machine tools and advanced CNC systems[42]. - The company has ongoing investments in new product development and technology, with R&D expenses amounting to CNY 47,265,358.98, an increase from CNY 45,730,899.00 in the previous year[179][185]. Environmental Compliance - The company is classified as a key pollutant discharge unit by the environmental protection department[83]. - The chemical oxygen demand (COD) discharge concentration was recorded at 33 mg/L, complying with the standard[83]. - The suspended solids discharge concentration was recorded at 64 mg/L, complying with the standard[83]. - The ammonia nitrogen discharge concentration was recorded at 0.692 mg/L, complying with the standard[83]. - The total volatile organic compounds (VOCs) discharge concentration was recorded at 1.9933 mg/m³, complying with the standard[83]. - The company reported no exceedance of pollutant discharge limits during the reporting period[83]. - The company has established two wastewater treatment stations, with the first station collecting production wastewater for treatment before discharging into the second station[87]. - The company has implemented a dry pre-treatment and catalytic combustion process for exhaust gas purification, ensuring compliance with emission standards[88]. Corporate Governance and Shareholder Information - The company has no significant litigation or arbitration matters during the reporting period[117]. - The company reported a receivable of RMB 31.48 million from Shaanxi Zhuofan Industrial Co., Ltd., with a court ruling requiring repayment plus interest at an annual rate of 8%[119]. - The company has no penalties or rectification situations during the reporting period[120]. - The total number of shareholders at the end of the reporting period was 39,737[157]. - The largest shareholder, Shaanxi Fashite Automotive Transmission Group Co., Ltd., held 110,499,048 shares, representing 15.94% of total shares[157]. - The company reported no changes in the controlling shareholder or actual controller during the reporting period[163]. Risk Management - The company has outlined potential risks and corresponding countermeasures in the report, emphasizing the importance of investor awareness regarding investment risks[6]. - The company faces industry risks due to dependence on sectors like automotive and aerospace, which may affect growth and profitability[72]. - The company plans to enhance product precision and reliability by benchmarking against top international manufacturers and developing high-tech products[73]. - The company aims to mitigate raw material price risks by adopting advanced technologies for lightweight machine designs and adjusting sales prices for affected products[73]. - The company is focusing on expanding into emerging markets along the "Belt and Road" initiative to counter international trade risks[73]. - The company has established a pandemic prevention and control leadership group to manage COVID-19 risks and ensure compliance with local regulations[73].