Financial Performance - The company's operating revenue for 2019 was 3.203 billion yuan, which is lower than the revenue reported in the first three quarters of 2019: 3.969 billion yuan in Q1, 5.040 billion yuan in Q2, and 5.401 billion yuan in Q3[9]. - The company's operating revenue for 2019 was ¥2,985,847,122.69, a decrease of 79.78% compared to ¥14,764,439,521.67 in 2018[29]. - The net profit attributable to shareholders for 2019 was -¥11,190,223,844.22, representing a decline of 1,498.98% from ¥799,886,806.59 in 2018[29]. - The net cash flow from operating activities was -¥5,790,979,927.12, a decrease of 150.31% compared to -¥2,313,504,406.38 in 2018[32]. - The total assets at the end of 2019 were ¥20,436,579,782.14, down 37.08% from ¥32,479,109,181.81 at the end of 2018[32]. - The net assets attributable to shareholders decreased by 63.69% to ¥6,378,556,198.92 from ¥17,568,780,043.14 in 2018[32]. - The basic earnings per share for 2019 was -¥5.52, a decline of 1,515.38% from ¥0.39 in 2018[32]. - The weighted average return on net assets was -93.46% in 2019, down 98.09% from 4.63% in 2018[32]. - The total profit for the company was -1,178,114.61 million yuan, representing a year-on-year decline of 1874.38%, while the net profit attributable to shareholders was -1,119,022.38 million yuan, down 1498.98%[59]. - The company reported a net profit of -11,190,223,844.22 yuan for the year 2019, indicating significant financial losses[153]. Operational Challenges - The company faced significant operational difficulties, including a lack of funds and halted production, leading to a major internal control environment deficiency[8]. - The audit report for 2019 was issued with a disclaimer of opinion, raising concerns about the accuracy and completeness of the financial data, including sales revenue and net profit attributable to shareholders[4]. - The company is currently facing numerous lawsuits and guarantee matters, which contribute to uncertainties regarding its ongoing operations[4]. - The internal control processes failed to detect significant errors in financial reporting, leading to doubts about the accuracy of disclosed financial information[9]. - There were significant delays in employee salary and social security payments, resulting in a high turnover rate among staff[8]. - The company has not provided a profit forecast for 2020, emphasizing that future performance depends on various market conditions[10]. - The company is actively managing its cash flow by reducing expenses, including layoffs, to alleviate operational pressure[168]. - The company is urging its major shareholder, Tieniu Group, to fulfill its 2018 performance commitment through cash compensation, with expected funds to be available by August 2020[168]. Strategic Initiatives - The company plans not to distribute cash dividends or issue bonus shares for the year[14]. - The company has outlined potential risks and countermeasures in its future development outlook, urging investors to be cautious[13]. - The company plans to enhance its new energy vehicle sales model by exploring differentiated development paths and promoting a car-sharing model in urban areas[44]. - The company aims to achieve an 80% commonality rate of components across different models on its new 3.0 platform architecture, named "ZFA," over the next three years[50]. - The company is focusing on optimizing its product strategy, emphasizing key products like the T300, T600, T700, and various new energy models[60]. - The company aims to enhance its brand image through a five-year brand restructuring plan and innovative marketing strategies[61]. - The company is committed to producing affordable vehicles for the public, emphasizing product-driven strategies[131]. - The company plans to strengthen its automotive financial services and improve user experience to mitigate market impact[142]. Market Conditions - The automotive market in China has transitioned to a stable growth phase with a significant decline in sales expected in Q1 2020 due to the COVID-19 pandemic[127]. - The company is focusing on both domestic and overseas market expansion, aiming to become a leading automotive enterprise[131]. - The company anticipates that the overall economic stability will support the automotive industry's recovery and growth in 2020[130]. - The company is addressing macroeconomic risks, including the impact of the US-China trade tensions and the overall slowdown in the automotive industry[138]. - The company is aware of the competitive risks in the automotive manufacturing sector, particularly regarding evolving consumer preferences and technological advancements[139]. - The company is at risk of reduced government subsidies for electric vehicles, which could affect consumer purchasing decisions and future profitability[141]. Research and Development - Research and development expenses for 2019 reached approximately ¥876.18 million, representing a 51.63% increase from ¥577.86 million in 2018[84]. - The company’s R&D investment in 2019 was approximately ¥1.06 billion, which constituted 35.63% of the operating revenue, a significant increase from 4.82% in 2018[88]. - The company has developed a strong capability in new energy vehicles, having built a complete design, trial production, testing, and component development capacity[51]. - The company has formed three major technology platforms (A, B, L) and can complete the research and development of four models annually[52]. - The company is committed to digital transformation and improving its marketing strategies to expand market share and adapt to changing consumer needs[133]. Financial Management - The company has established a comprehensive supplier system with high loyalty, partnering with international suppliers such as Bosch, Valeo, and Continental[51]. - The company has established a rapid response mechanism to enhance supplier satisfaction and ensure stable supply resources[7]. - The company reported a cash dividend of 30,565,984.19 yuan in 2017, which was 2.43% of the net profit for that year[154]. - The company has not implemented any stock incentive plans or employee shareholding plans during the reporting period[190]. - The company has maintained a good integrity status, with no significant debts that have not been settled during the reporting period[189]. Legal and Compliance Issues - The company is currently involved in several lawsuits with a total amount in dispute of approximately 61,577.51 million CNY related to a sales contract dispute[187]. - The management team is proactively engaging with creditors regarding litigation matters to protect the company's interests[169]. - The company has acknowledged the issuance of a disclaimer of opinion by the auditing firm regarding its 2019 financial report, and is taking measures to address the underlying issues[173]. - The board of directors expressed sincere apologies to investors regarding the audit report's qualified opinion and is committed to resolving the related issues[167].

众泰汽车股份有限公司 2020 年第一季度报告全文 众泰汽车股份有限公司 2020 年第一季度报告 2020-016 2020 年 04 月 1 众泰汽车股份有限公司 2020 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。 公司负责人金浙勇、主管会计工作负责人张志及会计机构负责人(会计主管 人员)程勇声明：保证季度报告中财务报表的真实、准确、完整。 2 众泰汽车股份有限公司 2020 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 | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------|-----------------------------| | | 本报告期 | 上年同 ...

众泰汽车股份有限公司 2019 年第三季度报告全文 众泰汽车股份有限公司 2019 年第三季度报告 2019-072 2019 年 10 月 1 众泰汽车股份有限公司 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。 公司负责人金浙勇、主管会计工作负责人张志及会计机构负责人(会计主管 人员)程勇声明：保证季度报告中财务报表的真实、准确、完整。 2 众泰汽车股份有限公司 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------------|-------------------|------------- ...

众泰汽车股份有限公司 2019 年半年度报告全文 众泰汽车股份有限公司 2019 年半年度报告 2019-058 2019 年 08 月 1 众泰汽车股份有限公司 2019 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的 真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和 连带的法律责任。 公司负责人金浙勇、主管会计工作负责人张志及会计机构负责人(会计主管 人员)程勇声明：保证本半年度报告中财务报告的真实、准确、完整。 除下列董事外，其他董事亲自出席了审议本次半年报的董事会会议 未亲自出席董事姓名 未亲自出席董事职务 未亲自出席会议原因 被委托人姓名 张炳力 独立董事 工作原因 卓敏 本半年度报告涉及未来计划、发展战略等前瞻性陈述，能否实现取决于市 场状况变化等多种因素，存在不确定性，不构成公司对投资者的实质承诺，请 投资者注意投资风险。公司已在本报告中详细描述存在的行业风险、经营风险， 敬请查阅第四节经营情况讨论与分析中关于公司未来发展的风险因素及对策的 内容。《证券时报》、《证券日报》、《上海证券报》、《中国证券报》及巨潮 ...

Share Capital and Ownership - The total share capital of the company is 2,027,671,288 shares, with the controlling shareholder being Tieniu Group Co., Ltd., holding a 38.78% stake[22]. Dividend Policy - The company plans not to distribute cash dividends, nor issue bonus shares, or convert reserves into share capital[6]. - The company did not distribute any cash dividends for the fiscal year 2018, with a net profit of CNY 799,886,806.59[152]. - The company plans to not distribute cash dividends or issue bonus shares for the current reporting period[156]. - The company’s financial condition and asset scale were considered in the decision to not distribute dividends in 2018[155]. Business Changes and Strategy - The company underwent a significant business change after acquiring 100% equity of Yongkang Zotye, which was completed in June 2017[22]. - The company reported a major shift in its main business to include the production and sales of complete vehicles and parts, as well as various other products[22]. - The company has a focus on expanding its market presence and enhancing its product offerings through strategic initiatives[6]. - The company aims to enhance its market position by implementing a "Five New" strategy focusing on new concepts, technologies, platforms, marketing, and goals[46]. - The company plans to expand its market coverage through a network strategy that integrates sales, service, and feedback mechanisms[41]. Financial Performance - The company's operating revenue for 2018 was ¥14,764,439,521.67, a decrease of 29.03% compared to the previous year[26]. - The net profit attributable to shareholders for 2018 was ¥799,886,806.59, down 36.34% from the previous year[26]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥1,240,604,026.91, a decline of 212.41% compared to the previous year[26]. - The net cash flow from operating activities was -¥2,313,504,406.38, a significant drop from ¥9,025,435.49 in 2017[26]. - The total assets at the end of 2018 were ¥32,479,109,181.81, a decrease of 2.44% from the previous year[26]. - The basic earnings per share for 2018 was ¥0.39, down 50.63% from ¥0.71 in 2017[26]. - The diluted earnings per share for 2018 was also ¥0.39, reflecting the same percentage decrease[26]. - The weighted average return on equity was 4.63%, down from 9.30% in 2017[26]. Market and Industry Trends - In 2018, the overall automotive production and sales in China were approximately 27.81 million and 28.08 million units, respectively, representing a year-on-year decline of 4.2% and 2.8%[45]. - The production and sales of new energy vehicles reached 1.27 million and 1.26 million units, respectively, with a year-on-year growth of 59.92% and 61.74%[45]. - The automotive industry is currently facing significant challenges, including a shift towards high-quality development and increased competition from new entrants[45]. - The automotive industry in China is transitioning to a stable growth phase, with low growth rates expected to become the norm[127]. - The automotive market in China still has considerable growth potential due to low vehicle ownership rates compared to developed countries[127]. Research and Development - The company is committed to developing new energy vehicles and has made significant progress in core component R&D, including battery management systems and motor controllers[51]. - The company has developed nearly 1,000 effective patents in the process of vehicle development, reflecting its commitment to innovation[61]. - Research and development expenses for 2018 amounted to approximately 712 million RMB, representing 4.82% of the company's total revenue, an increase from 2.82% in 2017[87]. - The number of R&D personnel increased by 6.77% to 2,003, accounting for 13.21% of the total workforce[88]. - Continuous R&D and innovation are crucial for maintaining competitiveness in the high-tech automotive manufacturing sector, where the company still lags behind international peers[140]. Financial Management and Investments - The company has received government subsidies amounting to ¥180 million related to the automotive industry development support policy[36]. - The company invested 1.5 billion RMB in a new production base for smart connected automotive electronic components, with a planned annual output of 1 million sets[77]. - The company plans to use part of the raised funds for the development of new energy vehicles[113]. - The total amount of committed investment for the new energy vehicle development project is CNY 221.287 million, with an adjusted total investment amount of CNY 221.287 million[118]. - The cumulative investment amount for the new energy vehicle project as of the end of the reporting period is CNY 183.589 million[118]. Operational Challenges - The company acknowledged the risk of not meeting government subsidy requirements due to changes in vehicle specifications, positioning, and sales policies, which could affect future profitability[137]. - The company is focusing on building a unified procurement system to reduce overall procurement costs and ensure product quality stability[61]. - The company emphasized the importance of risk factors and countermeasures in its future development plans, as detailed in the board report[6]. Corporate Governance and Compliance - The company has committed to ensuring the accuracy and completeness of its financial reports, with all board members present for the report's review[5]. - The company has not experienced any significant changes in project feasibility during the reporting period[118]. - The company has no significant litigation or arbitration matters during the reporting period[177]. - The company maintained a good integrity status with no unfulfilled court judgments or significant overdue debts[184]. Future Outlook - The company anticipates that domestic automobile sales will reach 28 million units in 2019, maintaining the same level as 2018, with passenger car sales expected to be 23.6 million units[129]. - In 2019, the company plans to focus on product development, emphasizing unique designs, reliable quality, and advanced technology, aiming to enhance core competitiveness[130]. - The company aims to launch new models, including the T300/T500/T600 variants and two new titanium series models, targeting the mid-to-high-end market[131]. - The company is committed to innovation in core technologies, focusing on smart, energy-efficient, safe, and comfortable driving experiences[130].

众泰汽车股份有限公司 2019 年第一季度报告全文 众泰汽车股份有限公司 2019 年第一季度报告 2019-035 2019 年 04 月 1 众泰汽车股份有限公司 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。 公司负责人金浙勇、主管会计工作负责人方茂军及会计机构负责人(会计主 管人员)程勇声明：保证季度报告中财务报表的真实、准确、完整。 2 众泰汽车股份有限公司 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 | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------|-----------------------------| | | 本报告期 | 上年 ...

众泰汽车股份有限公司 2018 年年度报告全文 众泰汽车股份有限公司 2018 年年度报告 2019-025 2019 年 04 月 1 众泰汽车股份有限公司 2018 年年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证年度报告内容的真 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。 公司负责人金浙勇、主管会计工作负责人方茂军及会计机构负责人(会计主 管人员)程勇声明：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。 | --- | |--------------------------------------------------------------------------------| | | | 本年度报告中涉及未来计划、发展战略等前瞻性陈述，不构成公司对投资 | | 者的实质承诺，敬请广大投资者注意投资风险。公司已在董事会报告中对公司 | | 未来发展可能面对的风险因素及对策进行了详细阐述，同时经营计划、经营目 | | 标并不代表公司对 2019 年度的盈利预测，能否实现取决于 ...

众泰汽车股份有限公司 2018 年第三季度报告正文 证券代码：000980 证券简称：众泰汽车 公告编号：2018-069 众泰汽车股份有限公司 2018 年第三季度报告正文 1 众泰汽车股份有限公司 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。 公司负责人金浙勇、主管会计工作负责人方茂军及会计机构负责人(会计主 管人员)程勇声明：保证季度报告中财务报表的真实、准确、完整。 2 众泰汽车股份有限公司 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） | 31,330,261,774.86 | 33,171,808,271.80 | | -5.55% | | 归属于上市公司股 ...

Financial Performance - The company's operating revenue for the first half of 2018 was ¥10,250,693,951.31, representing a 77.15% increase compared to ¥5,786,592,752.44 in the same period last year[18]. - The net profit attributable to shareholders of the listed company was ¥304,501,806.60, a 37.00% increase from ¥222,265,728.02 in the previous year[18]. - The net profit after deducting non-recurring gains and losses was ¥303,009,752.70, up 40.57% from ¥215,559,596.31 year-on-year[18]. - The basic earnings per share increased by 25.00% to ¥0.15 from ¥0.12 in the same period last year[18]. - The operating profit for the period was CNY 402,432,965, representing a year-on-year increase of 32.83%[42]. - The company reported a significant increase in cash received from sales of goods and services, which was ¥4,518,322,895.99, up 99.15% year-on-year[43]. - The company reported a significant increase in minority shareholder profit, which rose by 835.69% to ¥292,292.49[43]. - The company’s total comprehensive income for the first half of 2018 was CNY 304,794,099.09, compared to CNY 222,296,966.32 in the previous year, indicating a growth of about 37.1%[122]. Assets and Liabilities - The total assets at the end of the reporting period were ¥31,656,399,408.45, a decrease of 4.57% from ¥33,171,808,271.80 at the end of the previous year[18]. - The net assets attributable to shareholders of the listed company increased by 1.63% to ¥17,073,244,129.28 from ¥16,799,308,306.86 at the end of the previous year[18]. - Cash and cash equivalents decreased by 33.95%, primarily due to increased prepayments for purchases and repayment of loans[29]. - The company reported a significant decrease in cash and cash equivalents, with a balance of ¥3,978,349,409.10 as of June 30, 2018, down from ¥6,023,179,952.42 at the beginning of the period, representing a decline of approximately 33.4%[111]. - Total liabilities decreased from CNY 16.36 billion to CNY 14.57 billion, a decline of about 10.95%[113]. - Owner's equity increased from CNY 16.81 billion to CNY 17.08 billion, an increase of approximately 1.59%[114]. Cash Flow - The net cash flow from operating activities was ¥39,950,909.37, down 51.47% from ¥82,324,715.43 in the same period last year[18]. - Cash flow from operating activities amounted to CNY 4,518,322,895.99, compared to CNY 2,268,838,032.23 in the same period of 2017, representing an increase of approximately 98.9%[128]. - The net cash flow from investing activities was negative at approximately -¥1.14 billion, compared to a positive cash flow of ¥880.63 million in the previous year, reflecting a significant decrease[130]. - Cash inflow from financing activities totaled approximately ¥4.06 billion, while cash outflow was approximately ¥5.11 billion, leading to a net cash flow of -¥1.05 billion[130]. Market and Business Strategy - The company has established a clear market competition strategy, targeting over 60% of the domestic automobile market with high-performance and cost-effective products[31]. - The company is actively exploring innovative sales models for new energy vehicles, including a time-sharing rental model concentrated in urban areas[27]. - The company aims to enhance its marketing network by integrating online and offline strategies to adapt to changing consumer behaviors[39]. - The company plans to launch new energy vehicles with higher endurance and smarter configurations in the second half of the year, following the release of the E200 model with a 330 km range[38]. Research and Development - Research and development investment increased by 201.29% to CNY 270,961,586, indicating a strong commitment to innovation[42]. - The company has set up a research institute with advanced laboratories to enhance its research and development capabilities in automotive technology[32]. - The company is focusing on developing new technologies and materials, including advancements in OTA technology and autonomous driving[38]. Corporate Governance and Compliance - The half-year financial report has not been audited, indicating a lack of external validation for the reported figures[65]. - There are no significant legal disputes or penalties reported during the reporting period, reflecting a stable operational environment[67]. - The company maintains a good integrity status, with no outstanding court judgments or significant debts due[68]. - The company did not report any significant changes in its profit structure during the reporting period[44]. Shareholder Information - 562,041,473 shares with limited sale conditions were released for trading on June 5, 2018, accounting for 27.58% of the total share capital[91]. - The number of shareholders at the end of the reporting period was 66,407[96]. - The company did not issue new shares or conduct any capital increase during this period[91]. Industry Trends and Challenges - The automotive industry is experiencing a slowdown, with significant impacts from macroeconomic fluctuations and policy changes affecting overall growth[57]. - Subsidies for electric vehicles are decreasing, with a 20% reduction in 2017-2018 and a projected 40% reduction in 2019-2020 compared to 2016 levels, potentially affecting consumer purchasing decisions[58]. - The company must continuously innovate and enhance its R&D capabilities to keep pace with technological advancements in the automotive sector, or risk losing competitive edge[58].

众泰汽车股份有限公司 2018 年第一季度报告正文 证券代码：000980 证券简称：众泰汽车 公告编号：2018-017 众泰汽车股份有限公司 2018 年第一季度报告正文 1 众泰汽车股份有限公司 2018 年第一季度报告正文 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。 公司负责人金浙勇、主管会计工作负责人方茂军及会计机构负责人(会计主 管人员)程勇声明：保证季度报告中财务报表的真实、准确、完整。 2 众泰汽车股份有限公司 2018 年第一季度报告正文 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 □ 适用 √ 不适用 公司报告期不存在将根据《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》定义、列举的非经常性损益 项目界定为经常性损益的项目的情形。 3 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | ...