股票简称：云内动力 股票代码：000903 编号：2023-041 号 昆明云内动力股份有限公司六届董事会 关于召开 2023 年第二次临时股东大会的通知 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 根据昆明云内动力股份有限公司（以下简称"公司"）六届董事会第四十七次会议决 议，公司决定于 2023 年 9 月 5 日召开 2023 年第二次临时股东大会。现将本次股东大会 的有关事项通知如下： 一、召开会议的基本情况 1、股东大会届次：2023 年第二次临时股东大会 2、会议召集人：昆明云内动力股份有限公司董事会，公司六届董事会第四十六次会 议审议通过了《关于召开 2023 年第二次临时股东大会的议案》。 3、会议召开的合法、合规性：本次股东大会已经公司六届董事会第四十七次会议审 议，会议的通知及召集、召开程序符合《公司法》等有关法律法规和《公司章程》的规 定。 4、会议召开的日期、时间： 现场会议时间为：2023 年 9 月 5 日下午 14:30 网络投票时间为：2023 年 9 月 5 日。其中，通过深圳证券交易所交易系统进行网络 投票的具体时间为： ...

股票简称：云内动力 股票代码：000903 编号：2023—035 号 昆明云内动力股份有限公司 关于股票交易异常波动公告 6、股票异常波动期间，公司、控股股东及实际控制人未买卖公司股票。 一、股票交易异常波动的情况介绍 昆明云内动力股份有限公司（以下简称"公司"）（股票简称：云内动力，股 票代码：000903）股票于 2023 年 8 月 10 日、8 月 11 日、8 月 14 日连续 3 个交 易日收盘价格涨幅累计偏离值达到 20%以上。根据《深圳证券交易所交易规则》 的相关规定，属于股票交易异常波动。 二、关注、核实情况 根据相关规定，公司董事会与公司控股股东及实际控制人就相关问题进行了 必要核实，现对有关核实情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处。 2、公司未发现近期公共传媒报道了可能或已经对公司股票交易价格产生较 大影响的未公开重大信息。 3、近期公司及子公司生产经营正常开展，内外部经营环境未发生重大变化。 4、公司于 2023 年 8 月 10 日披露了《关于签署日常经营性合同的公告》 （2023-035 号），公司与中交机电工程局有限公司签署了《燃料电池发电系统集 成采 ...

股票简称：云内动力 股票代码：000903 编号：2023—034 号 昆明云内动力股份有限公司 关于签署日常经营性合同的公告 本公司及董事会全体成员保证本公告内容的真实、准确和完整，对公告中的虚假记载、误导性 陈述或者重大遗漏负连带责任。 特别提示： 1、本合同经双方法定代表人或授权代表签字、公司盖章后生效。 2、本合同的顺利履行预计对公司未来经营业绩产生积极的影响。 3、本合同在履行过程中可能存在行业政策调整、市场环境变化等不可预计或不可 抗力等因素的影响，敬请广大投资者谨慎决策，注意投资风险。 4、本合同系公司日常经营性合同，无需提交董事会、股东大会审议，不构成关联 交易，亦不构成《上市公司重大资产重组管理办法》规定的重大资产重组情形。 一、合同签署概况 2、审批程序 上述合同属于公司日常经营性合同，已履行完公司内部审批流程。根据《深圳证券 交易所股票上市规则》、《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公 司规范运作》等相关规定，上述合同签署事项无需提交公司董事会、股东大会审议，不 构成关联交易，亦不构成《上市公司重大资产重组管理办法》规定的重大资产重组情形。 二、交易对手方介绍 1、 ...

Business Operations and Strategy - The company reported a significant focus on the research, production, and sales of diesel engines, with a strategic expansion into gasoline engine development in response to regulatory changes in the light truck market [20]. - The company has undergone a change in its main business operations since 2017, following the acquisition of 100% equity in Mingte Technology, now including intelligent products in its portfolio [20]. - The company’s main business remains focused on engine and industrial-grade electronic products, with no significant changes in operations during the reporting period [34]. - The company is focusing on technological innovation and product development, aiming for lightweight and intelligent engine solutions while expanding gasoline engine market presence [39]. - The company is actively expanding its automotive electronics and new retail sectors, leveraging its mechatronics technology advantages for strategic transformation [39]. - The company is developing a National VI diesel engine to meet emission regulations and enhance product competitiveness [63]. - The company is working on an electronic project to improve its industrial-grade electronic product line and aims for large-scale sales of new electronic products [64]. - The company is developing a national five diesel engine project to meet the needs of vehicle manufacturers and enhance product performance [64]. - The company has launched a new energy brand "德润" and has begun market promotion for hybrid products, collaborating with major vehicle manufacturers [49][50]. - The company plans to enhance its market competitiveness by focusing on "smart new energy powertrains and automotive electronics" in 2023 [87]. - The company aims to increase the sales of diesel engines above the industry average growth rate by implementing differentiated marketing strategies [91]. - The company is targeting a significant increase in the market share of non-road pure electric and hybrid products due to rising environmental standards and national policies [86]. Financial Performance - The company’s operating revenue for 2022 was ¥4,790,234,282.12, a decrease of 40.34% compared to ¥8,029,552,833.13 in 2021 [21]. - The net profit attributable to shareholders was -¥1,305,943,769.81, representing a decline of 1,912.96% from a profit of ¥72,033,784.11 in the previous year [21]. - The net cash flow from operating activities was -¥1,925,428,787.67, a significant drop of 336.71% compared to -¥440,898,401.90 in 2021 [21]. - The total assets at the end of 2022 were ¥13,328,009,820.88, down 8.57% from ¥14,577,984,741.48 at the end of 2021 [22]. - The net assets attributable to shareholders decreased by 23.27% to ¥4,375,806,223.84 from ¥5,702,935,295.02 in 2021 [22]. - The company reported a basic and diluted earnings per share of -¥0.680, a decline of 1,937.84% from ¥0.037 in 2021 [21]. - The weighted average return on equity was -25.92%, a decrease of 27.18 percentage points from 1.26% in the previous year [21]. - The total profit amounted to CNY -129,797.08 million, reflecting a decline of 2385.04% compared to the previous year [46]. - The net profit attributable to shareholders was CNY -130,594.38 million, a staggering drop of 1912.96% year-on-year [46]. - The company’s engine industry revenue was CNY 4,388,789.96 million, accounting for 91.62% of total revenue, down 43.13% from the previous year [54]. - Domestic sales accounted for 99.59% of total revenue, with a decrease of 40.53% year-on-year, while international sales increased by 143.08% [54]. Market and Sales Performance - The company sold 331,000 engines in 2022, a decrease of 33.23% year-on-year, reflecting the overall decline in the commercial vehicle market [31]. - The commercial vehicle production and sales in China fell by 31.9% and 31.2% respectively in 2022, impacting the demand for the company's products [31]. - Engine sales volume decreased by 33.23% year-on-year, and production volume decreased by 34.27%, primarily due to a slowdown in demand influenced by environmental policies and economic conditions [41]. - The company’s engine product gross margin turned negative due to high costs of imported core components and increased promotional efforts [46]. - The company’s engine industry revenue was 4,388,789,956.68, a decrease of 43.13% year-over-year, with a gross margin of -11.17% [57]. - The company’s top five customers accounted for 35.58% of total sales, with the largest customer contributing 10.87% [59]. - The company’s top five suppliers accounted for 37.25% of total purchases, with the largest supplier being a related party [60]. Research and Development - The company holds 295 valid patents in the engine field, including 201 utility model patents, 64 design patents, and 30 invention patents as of December 31, 2022 [41]. - The industrial-grade electronic products business has a leading market share, with 70 valid patents, including 49 utility model patents and 8 invention patents [44]. - The company’s R&D investment decreased by 30.97% to ¥428,510,694.50 in 2022 from ¥620,759,818.93 in 2021, while the R&D investment as a percentage of operating revenue increased to 8.95% from 7.73% [64]. - The number of R&D personnel increased by 6.90% to 341 in 2022, accounting for 13.10% of the total workforce, up from 12.07% in 2021 [64]. - Research and development expenses decreased by 9.10% to 201,362,388.63, reflecting ongoing investment in new engine models [62]. Corporate Governance and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements and potential adverse factors affecting future development strategies [4]. - The company’s financial report is guaranteed to be true, accurate, and complete by its board of directors and senior management, ensuring accountability [4]. - The company has improved its internal control system and governance structure in accordance with relevant laws and regulations [99]. - The company has established a complete independent business and operational capability, ensuring independence from the controlling shareholder [109]. - The company has conducted 5 shareholder meetings during the reporting period, ensuring compliance with legal requirements [100]. - The company has actively communicated with investors, responding to over 200 inquiries through various platforms [106]. - The company is committed to maintaining the rights and interests of all stakeholders, promoting balanced development [107]. - The company has established an independent financial department and accounting system, ensuring compliance with tax regulations [110]. - The company has a diverse board with independent directors and various expertise contributing to its strategic direction [129]. - The company has a strong emphasis on technological advancement, with its current general manager, Song Guofu, overseeing comprehensive operational management, including technology and quality [119]. Environmental Responsibility - The company and its subsidiaries strictly comply with various environmental protection laws and regulations, including the Environmental Protection Law of the People's Republic of China [169]. - The total discharge of pollutants was 476.46 tons, with no exceedance of the permitted limits reported [170]. - The company has implemented a series of regulations for environmental pollution prevention and control, including the Environmental Pollution Prevention Responsibility System and Hazardous Waste Management System [169]. - The company reported a nitrogen oxide emission concentration of 33.96 mg/m³, which is compliant with the comprehensive emission standards [170]. - The company has established a comprehensive environmental management system to ensure compliance with local emission requirements in Yunnan and Sichuan provinces [169]. - The company has successfully passed environmental assessments for all construction projects during the reporting period [169]. - The company invested over 1.7 million CNY in hazardous waste disposal and environmental monitoring fees in 2022, and paid over 70,000 CNY in environmental protection taxes [176]. Employee Management and Development - The total number of employees at the end of the reporting period was 2,604, including 1,451 at the parent company and 1,153 at major subsidiaries [148]. - The company established a point-based salary system in 2022, linking individual performance assessments with variable salary points to enhance fairness and motivate employees [150]. - The company has implemented a comprehensive training program to upskill its workforce in response to evolving market demands [148]. - The company has implemented a comprehensive employee training program with 106 training themes focused on key technical skills, management capabilities, and specialized abilities [151]. - The company is focused on improving its internal control systems and audit processes to ensure financial accuracy and compliance [146]. Shareholder Relations and Incentives - The company plans not to distribute cash dividends, issue bonus shares, or increase capital through reserves for the fiscal year [5]. - The company has initiated a restricted stock incentive plan for 2022, with a total of 5,903,920.9 shares granted, including 5,053,920.9 shares at a price of 1.54 CNY per share [154]. - The incentive plan targets 374 individuals, including senior and middle management, as well as core personnel, to align interests between shareholders and management [154]. - The company has established a profit distribution policy to ensure reasonable returns to shareholders, with a three-year dividend plan aimed at protecting the rights of shareholders, especially minority shareholders [178]. - The company has implemented measures to protect creditor interests while maximizing shareholder value, maintaining financial stability and asset security [178].

证券代码：000903 证券简称：云内动力 昆明云内动力股份有限公司投资者关系活动记录表 编号：2023-01 | 投资者关系活动类别 | □分析师会议 | □特定对象调研 | | --- | --- | --- | | | □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） | | | 活动参与人员 | 接待对象：网上投资者 | | | | 接待人员：公司董事长杨波先生、财务总监屠建国先生、 | | | | 董事会秘书翟建峰先生、证券事务代表范政瑜先生 | | | 时间 | 2023 年 月 11 日 10:30-12:00 | 5 | | 地点 | 全景网"投资者关系互动平台"（https://ir.p5w.net） | | | 形式 | 网络远程 | | | | 公司就投资者在本次说明会中提出的问题进行了回 1、公司的一句扭盈为亏，已经成为业界笑话，难道 | | | | 复，问答环节主要内容如下： | | | | 就没有对相关责任人问责吗 | | | | 经核查，公司所有正式公告均未出现"扭盈为亏"的 | | ...

昆明云内动力股份有限公司 股票简称：云内动力 股票代码：000903 编号：2023—026 号 特此公告。 昆明云内动力股份有限公司 董 事 会 二〇二三年五月六日 暨集体业绩说明会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，昆明云内动力股份有限公司（以下简称"公司"） 将参加由云南证监局、云南省上市公司协会与深圳市全景网络有限公司联合举办的 "2022年度云南辖区上市公司投资者网上集体接待日暨集体业绩说明会"，现将相关事 项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录" 全景路演" 网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演APP,参与本 次互动交流，活动时间为2023年5月11日（周四）10:30-12:00。 届时公司董事长杨波先生、财务总监屠建国先生、董事会秘书翟建峰先生、证券事 务代表范政瑜先生将在线就公司2022年度业绩、公司治理、发展战略、经营状况、股权 激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊 跃参与！ ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥1,645,027,469.87, a decrease of 15.27% compared to ¥1,941,550,440.84 in the same period last year[3] - The net profit attributable to shareholders was a loss of ¥52,844,886.64, an improvement of 44.37% from a loss of ¥94,991,287.26 in Q1 2022[3] - The company reported a net loss of CNY 247,113,579.56 for Q1 2023, compared to a loss of CNY 194,268,692.92 in the same period last year[21] - The net profit for the first quarter of 2023 was -50,267,973.38 CNY, compared to -94,323,315.48 CNY in the same period last year, showing an improvement of approximately 46.6%[23] - Operating profit for the first quarter was -50,735,231.76 CNY, a significant improvement from -116,423,516.30 CNY year-over-year[23] - Gross profit margin for Q1 2023 was approximately 1.5%, compared to 6.5% in Q1 2022, indicating a significant decline in profitability[21] Cash Flow and Liquidity - The net cash flow from operating activities improved by 73.50%, reaching -¥301,031,799.86 compared to -¥1,135,962,298.05 in the previous year[3] - Cash flow from operating activities showed a net outflow of -301,031,799.86 CNY, compared to -1,135,962,298.05 CNY in the previous year, indicating a reduction in cash burn[25] - The company reported cash inflow from financing activities of 369,827,363.31 CNY, an increase from 257,700,000.00 CNY in the same period last year[26] - The company’s cash balance was RMB 648,542,353.80 as of March 31, 2023, an increase from RMB 636,823,510.84 at the beginning of the year, reflecting a growth of approximately 1.13%[18] - Total cash and cash equivalents at the end of the quarter were 463,367,278.49 CNY, down from 783,105,466.23 CNY at the end of the previous year[26] Assets and Liabilities - The total assets increased by 3.38% to ¥13,778,455,355.53 from ¥13,328,009,820.88 at the end of the previous year[3] - Total liabilities reached CNY 9,417,907,446.38, compared to CNY 8,939,844,507.90 in the same period last year, indicating a rise in financial obligations[20] - The company's equity attributable to shareholders was CNY 4,329,696,935.46, slightly down from CNY 4,375,806,223.84 year-over-year[21] Accounts Receivable and Payables - The accounts receivable increased by 42.86% to ¥2,999,703,863.15, attributed to extended payment terms to capture the National VI diesel engine market[7] - Accounts receivable increased significantly to RMB 2,999,703,863.15 from RMB 2,099,810,814.71, representing a growth of about 42.8%[18] - The company reported a 276.70% increase in payable taxes, amounting to ¥36,754,942.49, primarily due to an increase in value-added tax payable[8] Investments and Subsidiaries - The company has established a new subsidiary, Yunnan Heyuan New Energy Power Technology Co., Ltd., to focus on the research, production, and sales of hydrogen fuel cell systems, in collaboration with Wuhan Zhongyu Power System Technology Co., Ltd. and Yunnan Xuhe Trading Co., Ltd.[15] - A new investment was approved to establish Shandong Banggao Power Technology Co., Ltd. aimed at enhancing the market share of gasoline engines in Shandong, in partnership with several local companies[16] - The company is focusing on long-term sustainable development through strategic investments in new technologies and market expansion initiatives[15][16] Research and Development - Research and development expenses increased to CNY 54,290,982.43 in Q1 2023, up from CNY 50,576,969.22 in Q1 2022, reflecting a focus on innovation[21] Other Financial Metrics - The company recorded a substantial increase in asset disposal gains, which surged by 5699.45% to ¥5,661,558.62 compared to ¥97,622.36 in Q1 2022[10] - The weighted average return on net assets improved by 0.47 percentage points to -1.21% from -1.68% in the previous year[3] - The company incurred asset impairment losses of -4,634,951.35 CNY, compared to 3,219,571.08 CNY in the previous year, indicating a deterioration in asset quality[23] - The company’s trading financial assets decreased to RMB 334,873,708.34 from RMB 373,822,041.68, indicating a decline of approximately 10.4%[18]

Business Strategy and Operations - The company reported a significant focus on diesel engine research, production, and sales, with a strategic expansion into gasoline engine development in response to regulatory changes[19]. - The company has undergone a change in its main business operations since 2017, now including intelligent products in electronics and software alongside its core diesel engine business[19]. - The company’s main business remains focused on engine and industrial-grade electronic products, with no significant changes in operations during the reporting period[33]. - The company is strategically transforming towards new retail and automotive electronic products while maintaining its market share in existing industrial-grade electronic products[38]. - The company is focusing on technological innovation and product development, aiming to enhance the lightweight and intelligent features of its engines[38]. - The company is actively promoting hybrid power products and has developed a new energy brand "德润" for its hybrid engines[48]. - The company is exploring opportunities for mergers and acquisitions to enhance its competitive position in the market[119]. - The company aims to leverage its technological expertise to drive innovation and meet evolving market demands[119]. Financial Performance - The company's operating revenue for 2022 was ¥4,790,234,282.12, a decrease of 40.34% compared to ¥8,029,552,833.13 in 2021[20]. - The net profit attributable to shareholders was -¥1,305,943,769.81, representing a decline of 1,912.96% from a profit of ¥72,033,784.11 in the previous year[20]. - The net cash flow from operating activities was -¥1,925,428,787.67, a significant drop of 336.71% compared to -¥440,898,401.90 in 2021[20]. - The company's total assets at the end of 2022 were ¥13,328,009,820.88, down 8.57% from ¥14,577,984,741.48 at the end of 2021[21]. - The net assets attributable to shareholders decreased by 23.27% to ¥4,375,806,223.84 from ¥5,702,935,295.02 in 2021[21]. - The total profit amounted to CNY -129,797.08 million, reflecting a year-on-year decline of 2385.04%[45]. - The company's engine product gross margin was negative due to high costs associated with imported components for the newly implemented National VI standards[45]. Market Trends and Sales - The company sold 331,000 engines in 2022, a decrease of 33.23% year-on-year, reflecting the overall decline in the commercial vehicle market[30]. - The commercial vehicle production and sales in China fell by 31.9% and 31.2% respectively in 2022, impacting the demand for the company's products[30]. - The industrial-grade electronic products segment saw a revenue increase of over 97% in overseas markets[51]. - The company is targeting a significant increase in gasoline engine product sales by expanding its market promotion efforts and production progress with various automotive manufacturers[90]. - The company aims to increase its market share in the non-road diesel engine sector by promoting new energy products and enhancing installation ratios in existing markets[90]. Research and Development - The company holds 295 valid patents in the engine field, including 201 utility model patents, 64 design patents, and 30 invention patents, reflecting significant advancements in core technologies[41]. - The company’s R&D investment amounted to ¥428,510,694.50, a decrease of 30.97% compared to ¥620,759,818.93 in 2021[63]. - The proportion of R&D investment to operating revenue increased to 8.95% in 2022 from 7.73% in 2021, reflecting a 1.22% increase[63]. - The number of R&D personnel rose to 341 in 2022, representing a 6.90% increase from 319 in 2021[62]. Governance and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements in its annual report, urging investors to understand the differences between plans, forecasts, and commitments[4]. - The company has a board of directors consisting of 7 members, including 4 independent directors, ensuring compliance with governance standards[101]. - The company is committed to maintaining transparent information disclosure, responding to over 200 investor inquiries during the reporting period[105]. - The company has established a strong governance structure with key personnel holding significant positions in both the company and its shareholder unit[127]. - The company has a clear ownership structure with independent production systems and intangible assets, including industrial property and trademarks[108]. Employee and Management - The total number of employees at the end of the reporting period is 2,604, with 1,451 in the parent company and 1,153 in major subsidiaries[147]. - The company has implemented a performance-based salary system to enhance fairness and motivate employees[148]. - The company is actively involved in the recruitment of qualified professionals to strengthen its management team and operational capabilities[118][124]. - The company’s management team saw a significant turnover, with multiple resignations and appointments in 2022, indicating a potential shift in strategic direction[115]. Environmental and Social Responsibility - The company has implemented a wastewater treatment facility with a biochemical treatment capacity of 600 tons per day, meeting the A-level standards for wastewater discharge[168]. - The company has established environmental protection management systems and conducted training to enhance employee awareness of environmental responsibilities[167]. - The company has actively engaged in energy-saving and emission-reduction projects to enhance environmental protection efforts[171]. - The company has engaged in poverty alleviation efforts, donating 20 electric pickup trucks to improve transportation in rural areas, contributing over 400,000 yuan in consumption assistance[179]. Future Outlook - In 2023, the company aims to enhance its market competitiveness by focusing on "smart new energy powertrains and automotive electronics" and implementing its "14th Five-Year" strategic plan[85]. - The company plans to optimize traditional fuel products and rapidly launch new energy products to improve core competitiveness and reduce operational costs[89]. - Future guidance suggests a revenue target of 2,300 million, representing a significant growth opportunity[200].

Group 1: Emission Standards and Market Opportunities - The implementation of the National IV emission standards in 2015 will present opportunities for Yunnei Power, as the company has already developed engines that meet these standards [2][3] - The company's existing commercial vehicle diesel engines have reached National IV emission levels, which is expected to increase market share [3] - The D series engines, developed in collaboration with FEV, are globally competitive and have already been exported to the UK, meeting Euro V standards [3] Group 2: Sales Performance - As of the end of November 2014, the sales of National IV engines reached approximately 18,000 units, ranking among the top in the industry [4] Group 3: Profit Margins and Growth Points - The gross profit margin for National IV engines is higher than that of National III and below due to the price increase being greater than the cost increase [4] - Future growth points include opportunities from National IV standards, the D series engine market, and the development of natural gas engines [4] - The company has successfully developed YN30/36/38QNE series gas engines, enhancing competitiveness in the gas engine market [4] Group 4: New Shareholders and Funding - The recent share issuance introduced 6 new shareholders, with details disclosed in the November 25 announcement [5]

Group 1: Company Overview and Strategic Initiatives - Yunnei Power is expanding into the new energy sector to enhance its product structure and accelerate transformation [2][3] - The company is developing a joint venture, Wuxi Tongyi Automotive Power Technology Co., Ltd., with Tianjin Songzheng and Zhongheng Anxin [2][3] - The focus is on creating a balanced portfolio of diesel engines, natural gas engines, and new energy power [3] Group 2: Fundraising and Financial Strategy - In 2014, the company completed a private placement, raising 745 million CNY [3] - The funds are being utilized as detailed in the special report published on August 11, 2015 [3] - The company plans another private placement in 2015, driven by the "Made in China 2025" initiative emphasizing efficient internal combustion engines [3][4] Group 3: Product Development and Market Position - The company is developing a platform for Euro VI compliant diesel engines to meet national emission standards [4] - The project aims to enhance R&D and production capabilities, positioning Yunnei Power as a leader in the multi-cylinder small diameter diesel engine sector [4] - In the first seven months of 2015, the total sales of diesel engines in China decreased by 21.13%, while Yunnei Power's sales increased by 3.4% to 125,748 units [6] Group 4: Employee Engagement and Market Confidence - The company has implemented an employee stock ownership plan, reflecting confidence in long-term economic growth and employee belief in the company's rapid development [5] - The management does not feel pressured by the stock ownership plan despite market volatility [5] Group 5: Impact of Market Conditions - The diesel engine market is facing challenges due to stricter environmental regulations, but Yunnei Power has adjusted its product strategy and improved service quality to increase market share [6]