哈尔滨电气集团佳木斯电机股份有限公司 2019 年第三季度报告全文 哈尔滨电气集团佳木斯电机股份有限公司 2019 年第三季度报告 2019 年 10 月 1 哈尔滨电气集团佳木斯电机股份有限公司 2019 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。 公司负责人刘清勇、主管会计工作负责人张井彬及会计机构负责人(会计主 管人员)韩思蒂声明：保证季度报告中财务报表的真实、准确、完整。 2 哈尔滨电气集团佳木斯电机股份有限公司 2019 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|--------- ...

哈尔滨电气集团佳木斯电机股份有限公司 2019 年半年度报告全文 哈尔滨电气集团佳木斯电机股份有限公司 2019 年半年度报告 2019 年 08 月 1 哈尔滨电气集团佳木斯电机股份有限公司 2019 年半年度报告全文 者注意投资风险。 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。 公司负责人刘清勇、主管会计工作负责人张井彬及会计机构负责人(会计主 管人员)韩思蒂声明：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。 本报告中有关经营计划、经营目标等前瞻性陈述并不代表公司对 下半 | --- | |----------------------------------------------------------------------| | | | 2019 | | 年度的盈利预测，能否实现取决于市场状况变化等多种因素，存在一定的不确 | | 定性，不构成公司对广大投资者的实质承诺，投资者及相关人士应当对此保持 | | 足够的风 ...

证券代码：000922 证券简称：佳电股份 公告编号：2019-055 哈尔滨电气集团佳木斯电机股份有限公司 关于参加投资者网上集体接待日活动的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性 陈述或者重大遗漏。 为进一步加强与投资者的互动交流，哈尔滨电气集团佳木斯电机股份有限公 司（以下简称"公司"） 将参加由黑龙江省上市公司协会、深圳市全景网络有限 公司共同举办的"2019 年黑龙江省上市公司投资者网上集体接待日"活动，现 将有关事项公告如下： 本次集体接待日活动将通过深圳市全景网络有限公司提供的互联网平台举 行，投资者可以登录"全景·路演天下"网站(http://rs.p5w.net)参与公司本 次投资者集体接待日活动，时间为 2019 年 6 月 19 日（周三）14:00—16:30。 届时公司董事长刘清勇先生；董事、总会计师张井彬先生；董事、副总经理、 董事会秘书、总法律顾问聂传波先生将通过网络在线问答互动的形式，与投资者 就公司治理、发展经营情况、融资情况和可持续发展等投资者关注的问题进行交 流。期间，公司高管将全程在线，实时回答投资者的提问。 欢迎广大投资者积极 ...

哈尔滨电气集团佳木斯电机股份有限公司 2019 年第一季度报告全文 哈尔滨电气集团佳木斯电机股份有限公司 2019 年第一季度报告 2019 年 04 月 1 哈尔滨电气集团佳木斯电机股份有限公司 2019 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。 所有董事均已出席了审议本次季报的董事会会议。 公司负责人刘清勇、主管会计工作负责人张井彬及会计机构负责人(会计主 管人员)韩思蒂声明：保证季度报告中财务报表的真实、准确、完整。 2 哈尔滨电气集团佳木斯电机股份有限公司 2019 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 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|------------------|------------------|---------------------- ...

哈尔滨电气集团佳木斯电机股份有限公司 2018 年年度报告全文 哈尔滨电气集团佳木斯电机股份有限公司 2018 年年度报告 2019 年 03 月 1 哈尔滨电气集团佳木斯电机股份有限公司 2018 年年度报告全文 者注意投资风险。 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。 公司负责人刘清勇、主管会计工作负责人张井彬及会计机构负责人(会计主 管人员)韩思蒂声明：保证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。 本年度报告中有关经营计划、经营目标等前瞻性陈述并不代表公司对 2019 | --- | |----------------------------------------------------------------------| | | | | | 年度的盈利预测，能否实现取决于市场状况变化等多种因素，存在一定的不确 | | 定性，不构成公司对广大投资者的实质承诺，投资者及相关人士应当对此保持 | | 足够的风险认识，并且应 ...

Financial Performance - The company's operating revenue for 2017 was CNY 1,588,159,705, representing a 25.40% increase compared to CNY 1,266,494,823 in 2016[6]. - The net profit attributable to shareholders for 2017 was CNY 120,502,136.57, a significant improvement of 127.60% from a loss of CNY 436,668,443.3 in 2016[6]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 71,767,469.86, a decrease of 115.67% compared to the previous year[16]. - The basic and diluted earnings per share were CNY 0.2216, an increase of 127.59% year-on-year[16]. - The weighted average return on equity was 8.07%, up from -26.43% in the previous year, representing a 34.50% improvement[16]. - Total assets at the end of 2017 were CNY 2,748,401,698, a decrease of 2.08% from the previous year[16]. - Net assets attributable to shareholders increased by 8.41% to CNY 1,554,079,871 compared to the end of 2016[16]. - The company reported a net cash flow from operating activities of CNY 11,701,670.05, a significant decrease of 82.75% year-on-year[16]. - The company achieved a cost reduction and efficiency improvement completion rate of 167% of the annual plan, indicating significant success in controlling production costs[71]. - The gross profit margin for the manufacturing sector improved to 29.23%, up from 25.40% in the previous year, reflecting better cost management[81]. Dividend and Shareholder Information - The company plans not to distribute cash dividends or issue bonus shares for the year[5]. - The company reported a net profit of approximately 120.5 million yuan for 2017, but did not propose any cash dividend distribution plan despite having positive distributable profits[149]. - The company has not distributed cash dividends, nor issued bonus shares or converted capital reserves into share capital for the years 2015, 2016, and 2017, maintaining a cash dividend ratio of 0%[148]. Market and Product Development - The company is a leading manufacturer of special motors in China, focusing on R&D, production, and sales of various types of motors[25]. - The main products include explosion-proof motors, lifting metallurgy motors, and synchronous motors, which are widely used in industries such as petrochemical, metallurgy, and aerospace[25]. - The company plans to increase support for emerging industries such as nuclear power, environmental protection, energy-saving retrofits, and new energy vehicles[33]. - The company is committed to developing high-efficiency motors, with a focus on the first-level energy efficiency series products to lead the industry in the next 3-5 years[134]. - The company aims to diversify its product offerings, particularly in explosion-proof motors, to include more advanced types such as positive pressure and dust-proof motors, which are expected to gain market share[119]. - The company is actively developing IE5 efficiency level motors, aiming for a 20% reduction in losses compared to IE4, positioning itself for future market leadership[63]. Risk Management and Compliance - The company has detailed its risk factors in the report, urging investors to be aware of potential investment risks[4]. - The company is exposed to raw material price volatility risks due to global economic recovery and domestic economic policies, impacting key materials like silicon steel and electromagnetic wire[140]. - The company has implemented measures to ensure compliance with financial reporting regulations following the penalties received[161]. - The company has faced administrative penalties for information disclosure violations, with fines totaling 8 million yuan imposed on several individuals[162]. Research and Development - Research and development investment amounted to 47,509,675.55 yuan, representing 2.99% of operating revenue, a decrease of 1.04% compared to the previous year[91]. - The company completed the development of the YBX4 series low-voltage explosion-proof three-phase asynchronous motor, achieving the highest energy efficiency level in the country[90]. - The company successfully developed the LNG low-temperature submersible motor, with the 110kW-2p motor passing tests and being delivered for use, establishing a solid foundation for domestic production[37]. - The company developed the K3 class 10kV motor, filling a domestic gap and reaching international advanced levels, with approval from the National Nuclear Safety Administration[59]. Environmental Compliance - The company is classified as a key pollutant discharge unit by environmental protection authorities[191]. - The company has adhered to environmental laws and regulations while enhancing pollution control and energy-saving efforts during the reporting period[197]. - The company’s pollution control facilities, including boiler dust collectors and wastewater treatment stations, are operating well, with a daily discharge of approximately 60 tons[197]. - The company’s sulfur dioxide emissions after dust removal were recorded at 233 mg/m3, with an annual discharge of 11,116.8 kg[199]. - The company’s nitrogen oxides emissions after dust removal were recorded at 147 mg/m3, with an annual discharge of 6,998.4 kg[199]. Corporate Governance - The company has not reported any significant mergers or acquisitions during the reporting period[6]. - The company has not engaged in any securities or derivative investments during the reporting period[102][103]. - The company has not disclosed any plans for market expansion or mergers and acquisitions in the near future[165]. - The company has not experienced any suspension or termination of listing issues following the annual report disclosure[159]. Strategic Initiatives - The company plans to optimize its supply chain and establish a new product R&D system, implementing a "5+1" automation strategy to achieve its goals[126]. - The company will continue to improve its marketing strategies and integrate sales resources to enhance overall sales performance[127]. - The company is focused on enhancing production efficiency through the "5+1" strategy, which emphasizes automation and smart manufacturing[131]. - The company is committed to maintaining transparency in its financial reporting and strategic initiatives[167][168].

哈尔滨电气集团佳木斯电机股份有限公司 2018 年第三季度报告正文 证券代码：000922 证券简称：*ST 佳电 公告编号：2018-093 哈尔滨电气集团佳木斯电机股份有限公司 2018 年第三季度报告正文 1 哈尔滨电气集团佳木斯电机股份有限公司 2018 年第三季度报告正文 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。 公司负责人刘清勇、主管会计工作负责人张井彬及会计机构负责人(会计主 管人员)徐守军声明：保证季度报告中财务报表的真实、准确、完整。 2 哈尔滨电气集团佳木斯电机股份有限公司 2018 年第三季度报告正文 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） | 3,060,095,207.54 | 2,748,4 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥881,933,652.23, representing a 38.40% increase compared to ¥637,230,030.67 in the same period last year[18]. - The net profit attributable to shareholders of the listed company reached ¥150,925,052.68, a significant increase of 2,640.15% from ¥5,507,917.46 in the previous year[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥135,637,440.24, compared to a loss of ¥33,604,121.16 in the same period last year, marking a 503.63% improvement[18]. - The basic earnings per share increased to ¥0.31, up 3,000.00% from ¥0.01 in the previous year[18]. - The total assets at the end of the reporting period were ¥2,923,648,978.08, reflecting a 6.38% increase from ¥2,748,401,698.92 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company were ¥1,705,004,923.41, up 9.71% from ¥1,554,079,871.73 at the end of the previous year[18]. - The net cash flow from operating activities was -¥20,381,351.82, an improvement of 16.69% compared to -¥24,464,720.66 in the same period last year[18]. - The weighted average return on net assets was 9.26%, a significant increase from 0.38% in the previous year[18]. - The gross profit margin for the manufacturing sector was 35.11%, with a year-on-year increase of 15.83%[104]. - The revenue from explosion-proof motors surged by 76.27% to ¥491,046,987.65, with a gross margin of 42.70%[104]. - Domestic revenue accounted for ¥852,589,942.50, reflecting a 37.56% increase year-on-year[104]. Product Development and Innovation - The company is a leading manufacturer of special electric motors in China, focusing on R&D, production, and sales of products such as explosion-proof motors, lifting metallurgy motors, and synchronous motors[26]. - The core product, explosion-proof motors, is widely used in industries such as coal mining, oil and gas, and petrochemicals, with key models including low-voltage YB3 and high-voltage YB2, YB3, and YBX series[27]. - The lifting metallurgy motors are designed for heavy-duty applications, suitable for frequent starting and stopping, with notable projects including the Three Gorges Project and satellite launches[29]. - The company has developed nuclear motors that comply with national safety standards, with products used in safety-related applications at nuclear power plants[31]. - The shielded pumps are designed for high-temperature and high-pressure applications, with a maximum temperature of 350°C and pressure of 26MPa, showcasing advanced technology that meets international standards[32][33]. - The company has achieved significant technological advancements, including the first domestic high-temperature and high-pressure shielded pump, breaking foreign monopolies in the market[33]. - The company has developed the YAKK and YAKS series high-pressure three-phase asynchronous motors, which are designed for explosive environments and have passed the IIC-level stator insulation system test, achieving domestic leading status[35]. - The YZYKK and YZYKS series pressure-proof shell high-pressure motors are gaining market share, with the largest model YZYKS1000-4 rated at 17,000 kW, indicating significant advancements in domestic technology[37]. - The YXKK, YX, and YXKS series high-efficiency motors meet the national GB30254-2013 second-level energy efficiency standards, with 355 kW and above models fully compliant with national energy efficiency requirements[38]. - The company has completed the design and trial production of the YE4 series low-voltage motors, which are the first in the country to obtain CQC certification and energy efficiency labeling, meeting the highest international efficiency standards[39]. - The company is focusing on technological innovation and product development, with significant progress in the research of high-tech products[80]. Market Strategy and Sales - The company’s sales strategy includes direct sales through 32 offices and 17 agents, focusing on industries such as oil, chemicals, and power[43]. - The company is committed to continuous innovation and market expansion, focusing on new technologies and materials to enhance product performance and competitiveness[30]. - The company has maintained a stable market share as a class A supplier for key users like PetroChina and Sinopec, reflecting its strong industry position[50]. - The company is positioned to meet the growing demand in the new energy vehicle market, with expectations of supplying 500 to 1,000 units of 1,700 Nm motors in 2018[56]. - The company has secured contracts for LNG low-temperature submersible motors, with ongoing projects including 10 units of LNG 15kW-2 and 4 units of LNG 210kW-2, indicating strong demand in the LNG sector[52]. Financial Management and Risks - The company faces risks from fluctuations in raw material prices, particularly for silicon steel sheets and electromagnetic wires, due to increased demand and price volatility[118]. - Economic conditions in China are expected to exert downward pressure on growth, impacting the company's operations and market development[119]. - The company has implemented procurement strategies to mitigate raw material price risks, including competitive bidding for major purchases[118]. - The company has achieved a 59.59% completion rate of its annual cost reduction and efficiency enhancement plan, indicating significant cost control efforts[97]. - The company has received significant orders for its explosion-proof synchronous motors from major projects, including a special design for a 220,000 tons/year hydrogen cracking unit[60]. Legal and Compliance Issues - The company reported a significant litigation involving 107 original plaintiffs, with a total amount of 23.21 million yuan, which has been partially resolved through mediation[130]. - The company is actively managing its legal obligations and has disclosed relevant information regarding ongoing litigation and bankruptcy proceedings[130]. - The company has committed to avoiding conflicts of interest with its controlling shareholder and related parties[125]. - The company has a pending case with a claim of 30 million regarding copyright infringement, which is currently in the execution phase[133]. - The company has a case with a claim of 45.73 million that is also pending execution[134]. - The company has completed the performance obligations in a mediation case amounting to 66.83 million[132]. Environmental and Social Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities, with specific emissions data reported[151]. - The company operates pollution control facilities, including a boiler dust removal system and a wastewater treatment station, with good operational status[152]. - The company completed the environmental impact assessment for the shielded pump and generator technology renovation project in 2017, receiving project approval[153]. Shareholder Information - The company has completed the share lock-up period for shares subscribed during the major asset restructuring, which ended on January 20, 2016[127]. - The total number of shares before the change was 543,667,277, which decreased to 489,893,378 after the repurchase and cancellation of shares, a reduction of approximately 9.9%[174]. - The largest shareholder, Harbin Electric Group, held 26.36% of the shares, totaling 129,121,426 shares[181]. - The number of shareholders at the end of the reporting period was 34,191, with no preferred shares having voting rights restored[181].

Financial Performance - The company's operating revenue for Q1 2018 was CNY 354,938,638.62, representing a 59.91% increase compared to CNY 221,955,309.92 in the same period last year[8] - Net profit attributable to shareholders reached CNY 51,776,057.90, a significant turnaround from a loss of CNY 7,375,232.69, marking an increase of 802.03%[8] - The net cash flow from operating activities was CNY 31,669,698.06, up 497.90% from CNY 5,296,826.75 in the previous year[8] - The basic earnings per share improved to CNY 0.0952 from a loss of CNY 0.0136, reflecting an increase of 802.03%[8] - Total assets at the end of the reporting period were CNY 2,797,724,079.66, a 1.79% increase from CNY 2,748,401,698.92 at the end of the previous year[8] - The weighted average return on equity was 2.37%, up 4.15 percentage points from -1.78% in the previous year[8] - The total profit for the period was CNY 51,776,057.90, a significant increase attributed to a shift in user structure and an increase in high-value-added products[15] Inventory and Assets - The company reported a 28.62% increase in inventory, totaling CNY 480,675,243.74, compared to CNY 373,726,239.16 in the previous year[15] - The company completed the transfer of assets valued at 357.12 million RMB, accounting for 91.93% of the total asset value of 388.48 million RMB as of March 31, 2012[16] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 36,600, with the largest shareholder, Harbin Electric Group, holding 26.36% of the shares[10] - The company repurchased and canceled a total of 53,773,899 shares due to prior accounting errors, reducing the total share capital from 543,667,277 shares to 489,893,378 shares[20] Liabilities and Commitments - The company has obtained consent letters for liabilities valued at 106.23 million RMB, with 152.28 million RMB already settled, while 78.17 million RMB remains unpaid and unconsented[17] - The company has extended the commitment period to resolve potential competition issues with Harbin Electric Group until January 8, 2021, due to incomplete fulfillment of previous commitments[23] - The company has committed to resolving industry competition issues with its controlling shareholder within 3-5 years, as promised by Harbin Electric Group[27] Compliance and Inquiries - There are no instances of non-compliance with external guarantees during the reporting period[28] - There are no non-operational fund occupations by the controlling shareholder or its affiliates during the reporting period[29] - The company is addressing the annual report inquiry letter from the Shenzhen Stock Exchange, with updates on the submission status and efforts to lift the delisting risk warning[27] - There have been inquiries regarding the company's performance repurchase and cancellation matters, indicating ongoing discussions[27] Non-Operating Income - The company disposed of idle land, resulting in a non-operating income of CNY 13,510,730.26 during the reporting period[9] Project Listings - The company has publicly listed the sale of the Tianjin Jiadian fundraising project, with no interested parties as of the report date[19]

Financial Performance - The company's operating revenue for 2017 was CNY 1,588,159,705, representing a 25.40% increase compared to CNY 1,266,494,823 in 2016[16]. - The net profit attributable to shareholders for 2017 was CNY 120,502,136.57, a significant turnaround from a loss of CNY 436,668,443.3 in 2016, marking a 127.60% improvement[16]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 71,767,469.86, a decrease of 457,982,527.5 compared to the previous year, representing a decline of 115.67%[17]. - The basic earnings per share was CNY 0.2216, showing an increase of 127.59% compared to a loss of CNY 0.8032 in the previous year[17]. - The weighted average return on equity was 8.07%, an increase of 34.50% from -26.43% in the previous year[17]. - Total assets at the end of 2017 were CNY 2,748,401,698, a decrease of 2.08% from CNY 2,806,681,472 at the end of 2016[17]. - The net assets attributable to shareholders increased by 8.41% to CNY 1,554,079,871 from CNY 1,433,577,735 at the end of 2016[17]. - The cash flow from operating activities for the year was CNY 11,701,670.05, a decrease of 82.75% from the previous year[17]. - The company reported a total operating income of CNY 568,974,504.93 in Q4 2017, with a net profit attributable to shareholders of CNY 67,691,600.91[21]. Business Operations - The company has undergone a change in its business scope, now focusing on manufacturing and repairing motors and related technologies[15]. - The company has not reported any changes in its controlling shareholders since its listing[15]. - The company emphasizes the importance of risk awareness among investors regarding forward-looking statements and market conditions[4]. - The financial report includes a commitment to ensure the accuracy and completeness of the financial data presented[3]. - The company has appointed Zhongtianyun Accounting Firm as its auditor for the reporting period[16]. - The company has a registered address in Jiamusi, Heilongjiang Province, and operates under the stock code 000922 on the Shenzhen Stock Exchange[12]. - The company has detailed its risk factors in the report, urging investors to review the future development outlook[4]. Product Development and Innovation - The company is a leading manufacturer of special motors in China, focusing on R&D, production, and sales of various types of motors[26]. - The main products include explosion-proof motors, lifting metallurgy motors, and synchronous motors, which are widely used in industries such as petrochemical, metallurgy, and military[28]. - The company specializes in the design and manufacturing of various types of electric motors, including crane metallurgy motors, nuclear motors, and shielded motors, with a focus on high overload capacity and mechanical strength[29]. - The company has developed the first domestic nuclear safety-related electric motors, receiving certifications from the National Nuclear Safety Administration in 2009 and 2017[30]. - The YE4 series low-voltage electric motors have achieved the highest energy efficiency standards (IE4) and are the first in China to obtain CQC certification, energy-saving certification, and energy efficiency labeling[32]. - The company completed the development of the YZRJ 355 series motor, which enhances its position in the crane and metallurgy motor industry and expands its power range to compete with Siemens products[59]. - The YPT3 450-560 series low-voltage high-power variable frequency motors were developed, matching Siemens' installation dimensions and power levels, indicating a competitive advancement in technology[60]. - The company successfully developed the K3 class 10kV motor, filling a domestic gap and achieving international advanced standards, which is crucial for nuclear safety equipment[61]. - The YZYKS800-2 7600kW motor was developed as the company's largest two-pole motor, aimed at replacing Siemens motors, showcasing significant engineering achievements[62]. - The TYC series three-phase permanent magnet synchronous motors were completed, exceeding the GB 30253 level 1 efficiency standard, positioning the company as a leader in the industry[63]. - The YLKK (H355-H630) series high-voltage vertical three-phase asynchronous motors were developed, meeting national efficiency standards and demonstrating advanced domestic capabilities[64]. Market Trends and Demand - The market demand for electric motors has shown signs of recovery, with increases in production, sales, and order volumes during the reporting period[34]. - The company’s electric motors are primarily used in industries such as petroleum, chemical, coal, steel, metallurgy, and power generation, with a focus on both end-users and equipment manufacturers[34]. - The company anticipates the demand for electric motors in the new energy vehicle market to exceed 1 million units in the next five years, with a projected market value of 50 to 100 billion RMB by 2020[40]. - The company expects the electric motor industry to show signs of steady improvement in 2017, driven by national policies and economic stabilization, particularly in new industries and products[35]. - The company and its competitor, Wolong Group, hold over 80% market share in the explosion-proof motor market in China[36]. Financial Management and Investments - The company has committed to ensuring the effective use of raised funds to mitigate investment risks associated with fundraising projects[110]. - The total amount of raised funds was RMB 79,695 million, with a net amount of RMB 78,135 million after deducting issuance costs of RMB 1,560 million[107]. - The company has permanently supplemented its working capital with RMB 32,881.38 million, of which RMB 23,461.38 million has been actually used[110]. - The balance of the fundraising special account is RMB 5,148.72 million, including financial income and interest[109]. - The company achieved a significant increase in investment activity cash inflow, which rose by 168.18% to ¥1.03 billion[94]. - The company reported a decrease in overseas revenue by 26.50%, with domestic revenue increasing by 25.60% to ¥1,584,530,898.74[81]. - The company has formed specialized teams to address technical challenges such as motor vibration and noise, improving product quality through advanced analysis[71]. Compliance and Governance - The company has been under investigation by the China Securities Regulatory Commission, which may impact future performance and share repurchase plans[147]. - The company has committed to avoiding competition with other enterprises controlled by its actual controller, ensuring no potential business conflicts arise[152]. - The company’s profit distribution policy has been adjusted to comply with regulatory requirements, ensuring transparency and protection of investor rights[147]. - The company has maintained compliance with all relevant regulations and has not faced any suspension or termination of listing issues[161]. - The company faced penalties for information disclosure violations, resulting in a fine of CNY 600,000 imposed by the China Securities Regulatory Commission (CSRC) for the years 2013, 2014, and 2015[163]. - The company corrected accounting errors for the years 2013, 2014, and 2015 using retrospective restatement methods, as approved in the board meetings held on December 27, 2017[165]. Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[193]. - The company reported a total annual emissions of 2,563.2 kg for boiler dust, 11,116.8 kg for sulfur dioxide, and 6,998.4 kg for nitrogen oxides, all meeting the GB13271-2 standards[194]. - The chemical oxygen demand (COD) was recorded at 388.8 kg/year, with ammonia nitrogen at 2.095 kg/year, both treated through biological methods before entering the municipal pipeline[194]. - The company operates a pollution control facility with a daily wastewater discharge of approximately 60 tons, which is functioning well[194]. - The emergency response plan for environmental incidents was revised and approved by experts, and filed with the Jiamusi Environmental Protection Bureau[196]. - Environmental monitoring is conducted through municipal environmental departments and third-party services, as the company lacks internal monitoring capabilities[197]. - The company has publicly disclosed relevant environmental information on its official website, in compliance with environmental information disclosure requirements[198].