证券代码：000913 证券简称：钱江摩托 2021 年度网上业绩说明会投资者关系活动记录表 编号：2022-003 | --- | --- | --- | |-----------------------|-------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------| | | | | | 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 | | | 参与单位名称及 | | 华西证券：王旭冉；合远基金：管华雨、刘颜、丁俊；博时基 | | 人员姓名 | 金：张锦 | | | 时间 2022 | 年 9 月 1 日 | | | 地点 公司证券部 ...

编号：2022-004 证券代码：000913 证券简称：钱江摩托 2021 年度网上业绩说明会投资者关系活动记录表 | --- | --- | --- | |----------------|--------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Group 1: Financial Performance - In the first half of 2022, the company achieved a sales revenue of 2.583 billion yuan, representing a year-on-year growth of 21.20% [1] - The net profit attributable to shareholders of the listed company was 200 million yuan, with a year-on-year increase of 16.95% [1] - The net profit after deducting non-recurring gains and losses was 194 million yuan, showing a year-on-year growth of 63.60% [1] Group 2: Sales and Market Performance - The company sold approximately 183,200 motorcycles, a year-on-year decline of about 5.88% [1] - Sales of large-displacement motorcycles accounted for approximately 68.36% of total sales, with 82,000 units sold, marking a year-on-year increase [1] - Domestic market sales reached approximately 95,200 units, reflecting a year-on-year growth of about 9.16%, while cumulative exports were around 88,000 units, showing a decline [1] Group 3: Product and Supply Chain Insights - Key imported components for motorcycles include ECU, liquid brakes, drive belts, and shock absorbers, with some supply tightness noted, particularly for drive belts and liquid brakes [2] - The company has established a DMS management system and an Internet of Vehicles system to monitor motorcycle sales and inventory, aiding in sales forecasting and production preparation [2] - The QJMOTOR brand primarily operates through a dealership model, requiring first-level dealers to establish flagship stores for better service and image [2] Group 4: Future Plans and Product Development - The company is currently developing all-terrain vehicles, with some samples expected to be showcased in the second half of the year, although there are no production capabilities or plans yet [2] - New product launches are scheduled for September, including models such as Flash PLUS, Race 550, and TNT899 [2]

Group 1: Investor Relations Activities - The investor relations activity involved a specific audience survey and included representatives from various investment firms such as Junjin Investment and Zhejiang Securities [1] - The meeting took place on September 29, 2022, in the company's conference room, with company representatives including the board secretary and securities affairs representative [2] Group 2: Company Product Insights - The company has a rich lineup of large-displacement products under the QJMOTOR brand, attributed to its strong technical foundation and continuous R&D investment [2] - The newly launched product, the Sai 550, priced around 36,000 yuan, has received several thousand orders since its release, indicating strong market interest [3] - The target demographic for QJMOTOR products primarily consists of young consumers aged 20-30, who seek a thrilling riding experience [3][4] Group 3: Market Strategy and Future Plans - The company aims to continuously create popular products by leveraging consumer feedback and enhancing product quality and design [3] - The e-net initiative is designed to establish a second offline channel for high-end scooter products, with a goal of setting up 200 exclusive stores [3] - The company recognizes the scooter market as a significant opportunity, planning to launch multiple models to capture market share [4]

证券代码：000913 证券简称：钱江摩托 浙江钱江摩托股份有限公司 投资者关系活动记录表 编号：2022-006 | --- | --- | --- | |----------------|---------------------------|---------------------------------------------------------------| | | | | | 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 电话会议 | | | 参与单位名称及 | | 招商证券：赵中平；太平保险资管：窦萍华、赵洋；平安基金 | | 人员姓名 | | 管理有限公司：王修宝；海富通基金管理有限公司：赵晨凯； | | | | 汇添富基金管理有限公司：董超；建信基金管理有限责任公 | | | | 司；交银施罗德基金管理有限公司：吕怡；泉果基金管理有 | | | | 限公司：余海洋；淳厚基金管理有限公司：廖辰轩、陈文薛、 | | | | 莉丽、陈印；兴银基金管 ...

Financial Performance - Revenue for Q3 2022 reached ¥1,897,326,601.33, an increase of 44.26% compared to the same period last year[7] - Net profit attributable to shareholders was ¥210,066,555.45, up 102.11% year-on-year[7] - Net profit after deducting non-recurring gains and losses was ¥202,176,295.10, reflecting an 83.42% increase compared to the previous year[7] - Basic earnings per share for Q3 2022 was ¥0.4632, representing a 102.09% increase year-on-year[7] - Total operating revenue for the current period reached ¥4,480,208,097.47, an increase of 30.0% compared to ¥3,446,266,627.44 in the previous period[38] - Net profit for the current period was ¥388,897,919.32, representing a 87.0% increase from ¥207,727,233.56 in the previous period[41] - Basic earnings per share rose to ¥0.9043, compared to ¥0.6064 in the previous period, reflecting a 48.9% increase[43] - Total profit for the current period was ¥448,883,907.49, compared to ¥225,622,381.98 in the previous period, marking a 99.0% increase[41] Cash Flow - Operating cash flow for the year-to-date reached ¥1,785,703,033.95, a significant increase of 719.90%[7] - Net cash inflow from operating activities totaled 1,567,909,091.90, a significant increase of 719.90%, driven by higher cash receipts from sales of goods and services[19] - Cash flow from operating activities generated ¥1,785,703,033.95, significantly up from ¥217,793,942.05 in the previous period[45] - Net cash inflow from investment activities amounted to $170,405,570.95, compared to a net outflow of $25,315,136.49 in the previous period[46] - Total cash inflow from financing activities reached $904,289,988.80, an increase from $714,515,141.64 in the prior period[46] - The net cash flow from financing activities was $296,817,319.78, down from $655,598,518.30 in the previous period[46] - Cash and cash equivalents increased by $2,332,379,365.55 during the period, compared to an increase of $839,132,600.00 in the previous period[46] Assets and Liabilities - Total assets at the end of Q3 2022 amounted to ¥7,625,667,791.41, a 49.10% increase from the end of the previous year[7] - The company's total assets reached approximately CNY 7.63 billion, a significant increase from CNY 5.11 billion at the beginning of the year, representing a growth of about 49.3%[31] - The total liabilities as of September 30, 2022, amounted to approximately CNY 4.18 billion, up from CNY 2.10 billion, indicating an increase of about 99.4%[36] - The company's equity attributable to shareholders rose to approximately CNY 3.42 billion, compared to CNY 2.99 billion, reflecting an increase of about 14.3%[36] Research and Development - The company reported a 49.12% increase in R&D expenses, totaling ¥70,130,437.58, due to increased investment in materials and new molds[16] - Research and development expenses increased to ¥212,891,175.55, up 49.0% from ¥142,760,737.97 in the previous period[38] Investment and Financing - Investment income decreased by 272,343,696.02, a decline of 109.31%, primarily due to the exclusion of Zhejiang Qianjiang Lithium Battery Technology Co., Ltd. from consolidation, which previously incurred excess losses[19] - The company plans to invest approximately CNY 3 billion in a new motorcycle manufacturing project in the Zhejiang Wenzhou Economic Development Zone, which was approved by the shareholders' meeting[30] - The company received the first payment of CNY 312.82 million for land acquisition, part of a total compensation of CNY 1.25 billion approved by the shareholders[30] Other Financial Metrics - The company reported a significant increase in government subsidies, with other income rising by 106.63% to ¥6,717,132.71[16] - Fair value change income increased by 29,552,480.88, up 97.65%, mainly due to the impact of market price changes on stocks held by a subsidiary, which were fully sold in 2021[19] - Income tax expenses rose to 42,090,839.75, a significant increase of 235.21%, due to higher current income tax and deferred tax impacts[19] - The company experienced a decrease in investment income, reporting a loss of ¥23,186,599.47 compared to a profit of ¥249,157,096.55 in the previous period[38] Inventory and Receivables - The company's inventory as of September 30, 2022, was approximately CNY 1.14 billion, slightly up from CNY 1.12 billion at the beginning of the year, indicating a growth of about 2.5%[31] - The accounts receivable decreased to approximately CNY 408.28 million from CNY 487.77 million, showing a decline of about 16.2%[31] Impairment Losses - Credit impairment losses amounted to 141,846,761.13, a rise of 93.41%, mainly due to the exclusion of a subsidiary from consolidation, which previously offset bad debt provisions[19] - Asset impairment losses were 106,620,827.47, an increase of 59.72%, also due to the exclusion of the subsidiary from consolidation[19] Other Information - The company did not have an audited report for the third quarter[47]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥2,582,881,496.14, representing a 21.20% increase compared to ¥2,131,042,072.05 in the same period last year[26]. - The net profit attributable to shareholders was ¥200,071,896.29, up 16.95% from ¥171,077,031.86 in the previous year[26]. - The net profit after deducting non-recurring gains and losses was ¥193,650,453.15, which is a significant increase of 63.60% compared to ¥118,370,879.77 last year[26]. - The net cash flow from operating activities reached ¥786,155,047.31, marking a substantial increase of 204.60% from ¥258,090,222.58 in the same period last year[26]. - The total assets at the end of the reporting period were ¥6,185,836,420.28, reflecting a 20.95% increase from ¥5,114,303,194.88 at the end of the previous year[26]. - The net assets attributable to shareholders increased by 9.70% to ¥3,284,867,016.58 from ¥2,994,304,667.44 at the end of the previous year[26]. - Basic earnings per share were ¥0.4411, an increase of 16.94% compared to ¥0.3772 in the same period last year[26]. - The weighted average return on equity was 6.46%, up from 6.05% in the previous year[26]. Sales and Market Performance - In the first half of 2022, the company achieved a sales revenue of 2.583 billion CNY, representing a year-on-year growth of 21.20%[35]. - The company sold approximately 183,200 motorcycles, a year-on-year decline of about 5.88%, with large-displacement motorcycle sales reaching about 82,000 units, a growth of approximately 68.36%[35]. - Domestic sales accounted for approximately 95,200 units, reflecting a year-on-year increase of about 9.16%, while exports totaled about 88,000 units, down approximately 18.08%[35]. - The motorcycle industry experienced a decline in production and sales, with a total of 9.4392 million and 9.5945 million units sold in the first half of 2022, down 16.07% and 14.88% year-on-year respectively[35]. - The large-displacement motorcycle segment has become the main source of profit for the company, with products in this category consistently ranking first in domestic sales[35]. Research and Development - The company focuses on high-performance motorcycle technology development and aims to enhance user experience through continuous technological upgrades[35]. - The company's R&D investment increased by 41.98% to ¥136,653,495.73, up from ¥96,245,400.57, driven by higher expenditures on R&D materials and new molds[44]. - The company has established a comprehensive R&D system with institutions such as the Powertrain Research Institute and the Vehicle Research Institute, significantly exceeding industry averages in R&D investment and personnel[38]. Strategic Initiatives - The company has established strategic partnerships with leading global motorcycle manufacturers, including Harley Davidson, to strengthen its market position[35]. - The company is actively expanding into the electric vehicle market in response to industry trends[35]. - The company emphasizes talent development and has built a strong decision-making and execution team to enhance its core competitiveness[36]. Financial Position and Investments - The total investment amount for the reporting period was ¥120,155,102.04, a significant increase of 507% compared to ¥19,800,000.00 in the same period last year[63]. - The company plans to enhance research and development, focusing on technological innovation and cost management to mitigate risks and ensure steady growth[76]. - The company intends to invest approximately 3 billion CNY in a new motorcycle manufacturing project, with plans to acquire around 837 acres of land[128]. Risks and Challenges - The management highlighted potential risks and countermeasures in the business operations, which investors should be aware of[5]. - The company faces risks from macroeconomic downturns, exchange rate fluctuations, industrial policy uncertainties, and raw material price volatility[73]. Corporate Governance - The company plans not to distribute cash dividends or issue bonus shares for the semi-annual period, nor to increase share capital from capital reserves[82]. - The company held its 2021 annual general meeting with a participation rate of 54.28% on May 20, 2022, and the first extraordinary general meeting of 2022 with a participation rate of 45.30% on June 23, 2022[80][81]. - The company has not engaged in any major related party transactions during the reporting period[110]. Environmental and Social Responsibility - The company emphasizes social responsibility, focusing on sustainable development and environmental protection while ensuring compliance with national environmental regulations[99]. - The company’s wastewater treatment facility has a processing capacity of 15 tons per hour, and it has maintained compliance with environmental discharge standards during the reporting period[92]. - The total COD emissions were 0.49 tons, well below the approved limit of 8.6 tons, indicating no exceedance of discharge standards[92].

Financial Performance - The company's operating revenue for Q1 2022 was ¥929,585,845.74, representing a 1.52% increase compared to ¥915,623,409.49 in the same period last year[2] - Net profit attributable to shareholders decreased by 40.65% to ¥34,844,664.44 from ¥58,708,642.64 year-on-year[2] - The total liabilities include accounts payable of CNY 962.17 million, which increased from CNY 750.29 million, showing a significant rise of approximately 28.2%[19] - Total operating costs amounted to CNY 893,007,607.38, up from CNY 843,989,863.01, reflecting a year-over-year increase of 5.73%[28] - Net profit for the quarter reached CNY 31,793,072.78, a significant recovery from a net loss of CNY 5,720,170.43 in the same period last year[31] - The company reported a basic earnings per share of CNY 0.08, unchanged from the previous quarter[31] - The total comprehensive income for the quarter was CNY 31,253,890.31, compared to a loss of CNY 6,510,653.01 in the prior year[31] Cash Flow - The net cash flow from operating activities was ¥49,987,448.05, down 34.33% from ¥76,120,091.01 in the previous year[2] - The company experienced a 73.83% decrease in the net increase in cash and cash equivalents, totaling -¥126,748,551.69[9] - Operating cash inflow for the current period was $1,248,740,561.67, an increase from $1,013,577,562.54 in the previous period, representing a growth of approximately 23.2%[35] - Cash outflow from operating activities totaled $1,198,753,113.62, compared to $937,457,471.53 in the previous period, indicating an increase of about 27.8%[35] - Net cash flow from operating activities decreased to $49,987,448.05 from $76,120,091.01, reflecting a decline of approximately 34.3%[35] - Cash inflow from investment activities was $412,003.17, significantly lower than $86,130,154.12 in the previous period, marking a decrease of about 99.5%[38] - Net cash flow from investment activities was -$44,881,902.94, compared to $45,251,123.67 in the previous period, indicating a negative shift[38] - Total cash inflow from financing activities was $304,626,666.60, a substantial increase from $49,275,000.00 in the previous period, representing a growth of approximately 518.5%[38] - Net cash flow from financing activities was $43,646,785.01, slightly down from $47,174,292.00 in the previous period[38] - The ending balance of cash and cash equivalents increased to $1,489,398,259.62 from $1,280,602,139.81, reflecting a growth of about 16.3%[38] - The company received $8,000,000.00 from minority shareholders as part of investment inflow[38] - The company reported a cash outflow of $259,764,000.00 related to other financing activities, a significant increase from $1,960,000.00 in the previous period[38] Assets and Liabilities - The total assets at the end of the reporting period increased by 2.36% to ¥5,234,908,858.07 from ¥5,114,303,194.88 at the end of the previous year[2] - The company's total current assets amounted to approximately CNY 3.41 billion, up from CNY 3.35 billion, indicating a growth of around 1.9%[19] - Cash and cash equivalents stood at CNY 1.54 billion, slightly increasing from CNY 1.51 billion, representing a growth of about 2.5%[16] - The total non-current assets amounted to approximately CNY 1.82 billion, up from CNY 1.77 billion, indicating a growth of around 3.1%[19] - The company's total liabilities increased to CNY 2,180,522,215.41 from CNY 2,099,932,643.92, representing a growth of 3.88%[23] - Shareholders' equity rose to CNY 3,054,386,642.66, compared to CNY 3,014,370,550.96, indicating an increase of 1.32%[23] Expenses - The company reported a significant increase in tax and additional fees by 39.05%, attributed to higher sales of large-displacement motorcycles[6] - Financial expenses surged by 165.90% to ¥12,661,622.46, primarily due to increased exchange losses[6] - Research and development expenses were CNY 49,141,213.41, slightly down from CNY 51,795,025.09, showing a decrease of 5.13%[28] - The company experienced a significant increase in tax expenses, totaling CNY 5,560,747.34, compared to a tax benefit of CNY 14,914,238.50 in the previous year[28] - The financial expenses increased to CNY 5,029,760.69 from a negative CNY 7,631,861.77, indicating a shift in financial performance[28] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 24,705[10] - The company has not disclosed any new product developments or market expansion strategies in the provided data[19]

Financial Performance - The company reported a total revenue of 1.2 billion CNY for the year 2021, representing a year-on-year increase of 15%[19] - The net profit attributable to shareholders was 150 million CNY, an increase of 10% compared to the previous year[19] - The company's operating revenue for 2021 was approximately ¥4.31 billion, representing a 19.29% increase compared to 2020[30] - The net profit attributable to shareholders for 2021 was approximately ¥237.61 million, a slight decrease of 0.80% from 2020[30] - The net profit after deducting non-recurring gains and losses for 2021 was approximately ¥185.32 million, down 3.45% from the previous year[30] - The net cash flow from operating activities for 2021 was approximately ¥207.49 million, a significant decline of 58.75% compared to 2020[30] - The total assets at the end of 2021 were approximately ¥5.11 billion, an increase of 10.63% from the end of 2020[30] - The net assets attributable to shareholders at the end of 2021 were approximately ¥2.99 billion, up 9.06% from the end of 2020[30] - The company achieved a revenue of 4.309 billion yuan in 2021, representing a year-on-year increase of 19.29%[59] - The net profit attributable to shareholders was 238 million yuan, a slight decrease of 0.80% year-on-year[59] - The company reported a total sales volume of 39.5 million units for motorcycles, representing a year-on-year increase of 6.18%[77] Market Expansion and Strategy - The company plans to expand its market presence in Southeast Asia, targeting a 20% increase in sales in that region by 2023[19] - Future guidance estimates a revenue growth of 12% for 2022, driven by new product launches and market expansion strategies[19] - The company is exploring potential mergers and acquisitions to enhance its product portfolio and market share[19] - The company aims to enhance user experience and brand recognition through improved channel management and new media applications[52] - The company plans to continue its market expansion strategy, focusing on enhancing its product offerings and technological advancements[124] - The company is actively expanding into the electric motorcycle market with new brands such as Qianjiang Electric and Dongdong[52] - The company will actively explore the all-terrain vehicle market to diversify its product offerings[147] Research and Development - The R&D expenditure for new product development reached 100 million CNY, accounting for 8.3% of total revenue[19] - The company has completed the development of the QJ1200J large-displacement motorcycle, aiming to capture a share of the domestic market for upgraded motorcycles[90] - Ongoing projects include the development of lightweight engines and environmentally friendly high-efficiency electric motorcycles, which are expected to enhance product competitiveness and market reach[90] - The number of R&D personnel increased by 17.76% to 557, with a higher proportion of staff holding bachelor's degrees[96] - The company is developing an ADAS active safety warning system using AI camera technology to enhance vehicle safety[93] - R&D investment amounted to ¥215,906,599.86 in 2021, an increase of 30.23% from ¥165,789,639.27 in 2020, representing 5.01% of operating revenue[98] Sales and Production - The company reported a total motorcycle production and sales volume of 17.84 million units in 2021, a year-on-year increase of 14.01%[44] - The sales volume of fuel motorcycles reached 16.24 million units in 2021, reflecting a growth of 15.52% compared to the previous year[44] - The electric motorcycle sales volume was approximately 3.96 million units in 2021, with a year-on-year increase of 3.65%[44] - Total motorcycle sales reached approximately 395,000 units, reflecting a year-on-year growth of about 6.17%[59] - Sales of large-displacement motorcycles (over 250cc) amounted to approximately 111,300 units, marking a significant year-on-year increase of 26.58%[59] - In 2021, domestic motorcycle sales totaled approximately 177,500 units, a year-on-year decrease of 7.95%, while sales of large-displacement models (250cc and above) increased by 20.08% to about 59,100 units[60] - Exports rose by 21.37% year-on-year to 217,500 units in 2021, with large-displacement exports increasing by 34.85% to approximately 52,200 units; European market exports exceeded 50,000 units, growing by 56.6%[60] Financial Management - The company has no plans to distribute cash dividends or issue bonus shares for the year 2021[7] - Financial expenses decreased by 69.79% year-on-year to ¥12.5 million, mainly due to reduced foreign exchange losses[87] - The total pre-tax remuneration for directors, supervisors, and senior management during the reporting period amounted to CNY 1,247.42 million[182] - The company’s independent directors received remuneration of CNY 9.52 million, CNY 5.56 million, and CNY 5.56 million respectively[182] - The remuneration for the financial director was CNY 135.15 million, while the deputy general manager received CNY 87.27 million[182] Governance and Management - The company maintains independence from its controlling shareholder in terms of business, personnel, assets, and financial operations[155] - The company reported a total of 0 shares held by directors and senior management at the beginning and end of the reporting period, indicating no changes in shareholding[159] - All directors and senior management have maintained their positions since May 21, 2021, with terms ending on May 20, 2024[159] - The company’s financial report indicates a stable governance structure with no significant changes in management personnel[168] - The management team includes professionals with extensive experience in finance, engineering, and legal affairs, enhancing the company's operational capabilities[170] Risk Management - The company has identified key risk factors, including supply chain disruptions and market competition, and has developed strategies to mitigate these risks[6] - The company has implemented measures to ensure timely execution of its planned strategies[124]

Financial Performance - The company's revenue for Q3 2021 reached ¥1,315,224,555.39, representing a 14.75% increase year-over-year[3] - Net profit attributable to shareholders decreased by 23.09% to ¥103,934,855.39 in Q3 2021[3] - The net profit excluding non-recurring gains and losses increased by 9.56% to ¥110,228,226.00[3] - The company experienced a 29.54% increase in operating income, primarily due to higher motorcycle sales despite the impact of the COVID-19 pandemic[9] - Total operating revenue for the current period reached ¥3,446,266,627.44, a significant increase of 29.4% compared to ¥2,660,473,461.60 in the previous period[31] - Net profit attributable to the parent company was ¥275,011,887.25, representing an increase of 5.3% from ¥259,760,598.09 in the previous period[34] - The total comprehensive income for the current period was ¥205,959,494.50, compared to ¥228,200,626.65 in the previous period, showing a decrease of 9.7%[36] Assets and Liabilities - Total assets at the end of the reporting period were ¥5,643,142,723.93, a 22.07% increase compared to the end of the previous year[3] - The company's total assets increased to ¥5,643,142,723.93, compared to ¥4,622,837,461.43 in the previous period, reflecting a growth of 22.0%[30] - The company's total liabilities reached ¥2,647,758,336.33, compared to ¥1,939,223,915.90 in the previous period, indicating a rise of 36.6%[30] - The company's total current liabilities rose to ¥2,467,756,226.55, compared to ¥1,801,118,509.95, marking an increase of 37.0%[27] - The company's accounts receivable stood at ¥513,889,149.43, slightly down from ¥524,826,028.59 in the previous year, indicating a decrease of 2.0%[24] - The inventory value increased to ¥997,019,483.52 from ¥927,021,335.19, representing an increase of 7.5%[24] - The company's long-term borrowings were recorded at ¥14,594,517.81, indicating a new financial strategy to manage long-term liabilities[27] Cash Flow - The company's cash flow from operating activities showed a significant decline of 70.54%, totaling ¥217,793,942.05 year-to-date[3] - Operating cash inflows totaled ¥474,704,194.11, reflecting a year-on-year increase of 14.93% due to higher cash receipts from sales of goods and services.[12] - Operating cash outflows reached ¥996,204,697.34, a rise of 40.83%, attributed to increased cash payments for purchases and taxes.[12] - The net cash flow from operating activities was -¥521,500,503.23, a decline of 70.54% due to the impact of cash inflows and outflows.[12] - The net cash flow from investing activities was ¥43,010,253.17, an increase of 62.95%, resulting from higher cash receipts from the disposal of fixed assets.[12] - The net increase in cash and cash equivalents was ¥440,444,374.52, reflecting a growth of 110.47% from operating, investing, and financing activities.[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 27,447, with no preferred shareholders restoring voting rights.[13] - The largest shareholder, Geely Technology Group Co., Ltd., holds a 29.77% stake, amounting to 135,000,000 shares, with 107,973,000 shares pledged.[16] - The company has no known related party relationships among its top shareholders, and the top ten shareholders do not constitute concerted action.[19] Research and Development - Research and development expenses increased by 30.44% to ¥33,312,649.39 due to higher investments in mold and material[9] - Research and development expenses for the current period were ¥142,760,737.97, up 30.4% from ¥109,448,088.58 in the previous period[31] Other Financial Metrics - The weighted average return on equity decreased to 3.50%, down by 1.41% compared to the previous year[3] - Earnings per share (basic and diluted) increased to ¥0.61 from ¥0.57 in the previous period[37] - The company reported a decrease in other comprehensive income after tax, amounting to -¥1,767,739.06 compared to ¥276,593.42 in the previous period[36] Miscellaneous - The company reported a provision for bad debts at 100% for the receivables from Venezuela[20] - The company has committed to cover a total of €38,536,565.29 in losses for its subsidiary BENELLI Q.J.SRL, with a 70% share amounting to €26,975,595.70[20] - The report for the third quarter of 2021 was not audited[54] - The company has not made any adjustments to comparative data prior to the implementation of the new leasing standards[54] - The company has adopted the new leasing standards effective January 1, 2021, with no significant impact on financial status or cash flows[51]