Financial Performance - The company reported a total revenue of 1.2 billion CNY for the year 2021, representing a year-over-year increase of 15%[1]. - The net profit attributable to shareholders was 150 million CNY, a decrease of 10% compared to the previous year[1]. - The company reported a total revenue of 1.2 billion RMB for the fiscal year 2021, representing a year-over-year increase of 15%[24]. - The net profit for the year was 200 million RMB, which is a 10% increase compared to the previous year[24]. - The company's operating revenue for 2021 was approximately ¥3.98 billion, a decrease of 50.04% compared to ¥7.96 billion in 2020[38]. - The net profit attributable to shareholders for 2021 was approximately -¥2.61 billion, representing a decline of 140.39% from -¥1.09 billion in 2020[38]. - The company achieved an operating income of RMB 3.976 billion, a decline of 50.04% compared to the previous year[95]. - The company reported a significant drop in production and sales volume for CVT, with production down 37.21% and sales volume down 0.03%[109]. - The company’s overseas revenue decreased by 29.60% to approximately ¥981 million, accounting for 24.67% of total revenue[108]. User Growth and Market Expansion - User data indicated a growth in active users by 20%, reaching a total of 5 million users by the end of 2021[1]. - The company aims to achieve a revenue target of 1.5 billion CNY for 2022, reflecting a growth forecast of 25%[1]. - Market expansion efforts include entering three new provinces, aiming for a 25% increase in market share by the end of 2022[1]. - The company is expanding its market presence in three new cities, aiming to increase its market share by 10% in these regions[24]. - The company is actively developing new energy vehicle-related businesses, indicating a strategic focus on this sector[75]. Investment and Development Plans - The company plans to invest 200 million CNY in new product development and technology research in 2022[1]. - The company has identified potential acquisition targets in the automotive sector to enhance its product offerings[1]. - Investment in technology development increased by 20%, focusing on smart property management solutions[24]. - The company aims to enhance its research and development capabilities in hybrid and pure electric powertrain systems, expanding its product line to include EVs and dual-clutch transmissions[182]. - The company plans to enhance its service offerings by integrating AI technology into its customer service operations[24]. Restructuring and Financial Stability - The company is currently undergoing a restructuring process, with multiple communications held with individual investors regarding its progress[187]. - The restructuring discussions have been consistent, with numerous calls taking place from January 4 to February 3, 2021, indicating ongoing investor interest and concern[190]. - The company reported a significant restructuring progress during the conference calls held on multiple dates in February and March 2021[193]. - The restructuring efforts are aimed at optimizing the company's asset portfolio and reducing liabilities[195]. - The company is committed to enhancing shareholder value through strategic investments and operational improvements[198]. Strategic Partnerships and Collaborations - A new strategic partnership has been established with a leading technology firm to accelerate innovation in product development[1]. - The company is focusing on enhancing its digital marketing strategies to improve customer engagement and retention[1]. - The company is actively collaborating with management to ensure the smooth execution of the restructuring plan[100]. - The company plans to participate in the restructuring of the only 8 independent new energy vehicle manufacturers approved by the government, leveraging its existing automotive parts manufacturing capabilities[180]. - The company will continue to strengthen its collaboration with major global automotive manufacturers, expanding into new markets such as the Middle East and South America[181]. Challenges and Risks - The company has faced uncertainty regarding its ability to continue as a going concern, as indicated by the negative net profit figures over the past three years[39]. - The company recognizes the risks posed by macroeconomic uncertainties and intensified competition in the automotive and real estate sectors, and plans to adapt its strategies accordingly[186]. - The company faces risks from fluctuating raw material prices, which significantly impact its cost structure, and will enhance procurement and supply chain management to mitigate these risks[186]. - The company has not signed any major sales or procurement contracts that are applicable as of the reporting period[111]. Research and Development - The company has 212 authorized patents and 38 registered trademarks, showcasing its strong R&D capabilities in the automotive transmission sector[90]. - Research and development expenses increased by 36.14% to ¥188,971,950.78, driven by higher investments in high-end manufacturing projects[121]. - The company has initiated several key R&D projects, including the Cronus CVT for off-road vehicles and the DAKOTA low-torque DCT, which are expected to enhance market competitiveness[125]. - R&D investment amounted to ¥624,968,569.05 in 2021, down 2.11% from ¥638,426,737.48 in 2020, while the ratio of R&D investment to operating revenue increased significantly to 15.72% from 8.02%[127]. Real Estate Performance - The company's real estate business reported a revenue of 107 billion yuan, a year-on-year decrease of 44.1%[59]. - The property management division expanded its market presence, successfully entering new markets such as Lanzhou and Quzhou, with over 200 managed projects covering more than 20 million square meters[76]. - The real estate segment generated total revenue of ¥1.314 billion, with ¥296 million from real estate development and ¥718 million from property management[75]. - The property sales segment saw a significant decline, with sales amounting to ¥199,960,131.23, down 92.79% year-on-year[5].

Financial Performance - The company's revenue for Q3 2021 was ¥845,082,019.56, a decrease of 36.22% compared to the same period last year[7]. - The net profit attributable to shareholders was -¥258,690,995.15, representing a decline of 2,135.01% year-over-year[7]. - The net profit after deducting non-recurring gains and losses was -¥255,551,602.28, down 507.13% from the previous year[7]. - The company experienced a 52.36% decrease in revenue for the year-to-date period, totaling ¥2,988,990,240.10[7]. - Total operating revenue for the current period is $2,988,990,240.10, a decrease of 52.3% from $6,273,586,205.74 in the previous period[41]. - Net profit for the current period is a loss of $676,771,668.09, compared to a profit of $61,209,936.08 in the previous period[44]. - The total comprehensive income for the current period is a loss of $933,858,081.43, compared to a gain of $157,344,112.14 in the previous period[44]. - Basic and diluted earnings per share for the current period are both -0.1629, compared to 0.0088 in the previous period[44]. Assets and Liabilities - Total assets at the end of the reporting period were ¥22,163,731,136.17, an increase of 0.09% compared to the end of the previous year[9]. - The company's total assets stood at ¥22,163,731,136.17, compared to ¥22,144,740,046.30 at the end of 2020, reflecting a slight increase of approximately 0.1%[38]. - The total liabilities increased to ¥16,816,359,221.22 from ¥16,018,775,208.29, marking an increase of about 4.9%[38]. - The company's equity attributable to shareholders decreased to ¥4,452,154,769.19 from ¥5,350,588,969.03, a decline of approximately 16.7%[38]. - Current liabilities totaled 13,967,419,778.69, reflecting the company's short-term financial obligations[57]. - Long-term borrowings were reported at 761,843,805.34, indicating the company's long-term debt position[57]. Cash Flow - The company reported a net cash flow from operating activities of -¥266,802,441.33, a decline of 229.30% year-over-year[7]. - Net cash flow from operating activities decreased to -$266.8 million from $206.3 million year-over-year[50]. - Total cash inflow from operating activities was $3.36 billion, down from $4.25 billion[50]. - Cash outflow from operating activities totaled $3.63 billion, compared to $4.04 billion last year[50]. - Net cash flow from investing activities was -$314.3 million, worsening from -$118.5 million year-over-year[50]. - Cash inflow from financing activities was $780.3 million, down from $947.7 million[50]. - Cash outflow from financing activities decreased to $580.4 million from $791.5 million[50]. - The ending cash and cash equivalents balance was $502.0 million, down from $1.02 billion[50]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 27,570[16]. - The largest shareholder, Ningbo Shengzhou Investment Co., Ltd., holds 22.91% of shares, totaling 922,611,132 shares, which are all pledged[20]. - The second largest shareholder, Ningbo Yinyi Holdings Co., Ltd., holds 18.55% of shares, totaling 747,383,347 shares, which are also pledged[20]. Restructuring and Debt Management - The company entered a restructuring process on June 23, 2020, after the Ningbo Intermediate People's Court accepted its application[24]. - As of the announcement date, the restructuring investor has paid a total of RMB 1.9 billion, including a performance bond of RMB 153 million, with remaining payments still outstanding[25]. - The company is facing the risk of terminating the restructuring investment agreement due to the investor's serious default[26]. - The company has signed multiple agreements to transfer equity in Shanxi Kaineng Mining Co., Ltd. to offset debts owed by Yinyi Holdings and its affiliates, totaling RMB 929.65 million[28]. - The company plans to extend the deadline for Yinyi Holdings to repay the remaining debts from September 30, 2021, to March 31, 2022[30]. Research and Development - Research and development expenses increased by 166.06% to ¥13,883,000 compared to the same period last year[14]. - Research and development expenses increased to $138,828,862.08, up 165.0% from $52,181,627.66 in the previous period[41]. Employee Compensation - The company reported a significant increase in employee compensation payments, rising to $1.24 billion from $918.9 million[50].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2021, representing a year-on-year growth of 15%[22]. - The company reported a significant increase in revenue, achieving a total of 1.5 billion RMB for the first half of 2021, representing a 20% year-over-year growth[105]. - The company's operating revenue for the first half of 2021 was ¥2,143,908,220.54, a decrease of 56.68% compared to the same period last year[28]. - The net profit attributable to shareholders was -¥397,313,250.67, representing a decline of 1,854.27% year-on-year[28]. - The company reported a net profit attributable to shareholders of -397 million yuan, a year-on-year decline of 1,854.27%[39]. - The company reported a significant increase in net profit for the first half of 2021, achieving a total of 100 million RMB, representing a growth of 25% year-over-year[113]. - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 10% to 15% based on current market trends and user acquisition strategies[22]. - The company provided a positive outlook for the second half of 2021, projecting a revenue growth of 20% and an expected net profit of 120 million RMB[113]. Strategic Direction and Market Expansion - The company is focused on expanding its market presence through strategic investments and partnerships in the automotive industry[16]. - The company is expanding its market presence, with plans to enter three new cities by the end of 2021, aiming to increase market share by 5%[22]. - The company is actively expanding its automotive powertrain business, with a focus on developing dual-clutch transmissions and hybrid powertrains[34]. - The company is planning to expand its market presence in Southeast Asia, targeting a 10% market share by the end of 2022[113]. - The company is committed to reducing related party transactions, ensuring all transactions are conducted at fair market prices to protect shareholder interests[105]. - The company is actively working on strategies to enhance its market presence and product offerings[109]. Corporate Governance and Compliance - The management team emphasized the importance of accurate and complete financial reporting, ensuring accountability for any misleading statements[3]. - All board members attended the meeting to discuss the report, highlighting the commitment to transparency and governance[4]. - The financial report will be made available for public scrutiny, ensuring compliance with regulatory requirements[11]. - The management reiterated the commitment to maintaining the integrity of financial disclosures and corporate governance practices[3]. - The company has committed to ensuring the independence of its management team, including the general manager and financial officer, from its parent company, with a commitment date of January 1, 2009, and this commitment is ongoing[94]. - The company has committed to strict adherence to the promises made regarding the restructuring process[104]. Research and Development - The report outlines the company's strategic direction, emphasizing innovation and development in new technologies[16]. - The company is focusing on product R&D, including the G3P gas generator and new airbag production lines, to enhance product value and profitability[39]. - Research and development investment increased by 12.18% to ¥332,341,823.80, indicating a focus on innovation[60]. - Research and development investment has increased by 30%, focusing on advanced technologies and product innovation[113]. - The company has a total of 212 authorized patents and 38 registered trademarks in the automotive transmission sector, showcasing its strong R&D capabilities and product innovation[50]. Financial Health and Liabilities - The total assets of the company reached 5 billion RMB, reflecting a 12% increase compared to the end of 2020[22]. - The total assets at the end of the reporting period were ¥21,992,885,114.19, a decrease of 0.69% compared to the end of the previous year[28]. - The company has outstanding bond principal of 700.00 million yuan and 66,512,500 yuan related to the "16 Yin Yi 05" bond, which has not been fully repaid since its accelerated maturity on January 8, 2019[141]. - The company has overdue and defaulted debts amounting to 4.886 billion yuan as of the report date[151]. - The company has a non-operating fund occupation by controlling shareholders and related parties amounting to 51,979.74 million CNY as of the end of the reporting period, which represents 8.49% of the latest audited net assets[128]. Legal and Regulatory Matters - The company is involved in three lawsuits related to corporate bonds, with a total amount of 619.77 million yuan involved, and has recognized a provision for these liabilities[137]. - The company has been ordered to repay 49.9 million yuan in principal and interest related to a financial loan dispute, with a judgment already in effect[139]. - The company has frozen assets including 139,054,545 shares of Chuan Shan Jia Supply Chain Management Co., Ltd. and 3.37% equity in Shanghai M&A Equity Investment Fund[137]. - The company is facing multiple legal actions related to bond repayment, indicating significant financial distress and potential liquidity issues[141]. - The company has acknowledged the emphasis on uncertainty regarding its ability to continue as a going concern and is taking measures to mitigate adverse impacts[133]. Shareholder Relations - The company plans to not distribute cash dividends or bonus shares for the half-year period[86]. - The company has a lock-up commitment for its shares, preventing any transfer of shares for 36 months post-issuance to stabilize stock performance[108]. - The company has reported a total of 28,806 shareholders holding more than 5% of the shares as of the end of the reporting period[192]. - The largest shareholder, Ningbo Yinyi Holdings Co., Ltd., holds 747,383,347 shares, accounting for 18.55% of total shares[199]. - The company has not reported any significant changes in shareholding or major shareholder activities during the reporting period[192].

Financial Performance - The company's operating revenue for Q1 2021 was ¥1,032,220,240.85, representing a 12.09% increase compared to ¥920,886,785.24 in the same period last year[10]. - The net profit attributable to shareholders was -¥179,701,181.05, an improvement of 54.64% from -¥396,182,364.95 year-on-year[10]. - The basic earnings per share for the period was -¥0.04, an improvement of 54.64% from -¥0.10 in the same period last year[10]. - The weighted average return on equity was 2.85%, an increase of 8.86% compared to -6.01% in the previous year[10]. - The gross margin for Q1 2021 was reported at 35%, an improvement from 30% in the previous year[46]. - The company reported a total revenue of 1.5 billion yuan for Q1 2021, representing a year-over-year increase of 20%[46]. - The company reported a total revenue of 1.5 billion RMB for Q1 2021, representing a year-over-year increase of 15%[62]. - The company provided guidance for Q2 2021, expecting revenue to grow by 25% year-over-year, targeting 1.875 billion yuan[46]. Cash Flow and Liquidity - The net cash flow from operating activities was -¥194,092,691.74, a significant decline of 209.94% compared to ¥176,536,969.41 in the previous year[10]. - The net cash flow from operating activities turned negative at -19,409 compared to a positive 17,654 in the previous year, reflecting decreased sales collections[28]. - Operating cash inflows decreased by 21.23% to 116,486 from 147,872 due to lower sales collections[28]. - Total cash outflows from operating activities increased by 4.36% to 135,895 from 130,219[28]. - The company faced liquidity difficulties, leading to a restructuring process initiated by the Ningbo Intermediate People's Court[74]. - The company has committed to ensuring the independence of its assets, personnel, finance, and operations post-restructuring[75]. - The company reported a cash outflow of 220,269,332.05 related to other operating activities, up from 167,599,960.71 in the previous period[153]. - The cash inflow from financing activities totaled 371,732,650.61, compared to 178,000,000.00 in the previous period, showing a substantial increase[156]. Shareholder Information - The company had a total of 29,928 shareholders at the end of the reporting period[15]. - The top shareholder, Ningbo Shengzhou Investment Co., Ltd., held 22.91% of the shares, amounting to 922,611,132 shares[15]. - The company has committed to maintaining a maximum of 50% related directors on the board post-major asset restructuring[35]. - The company guarantees the independence of its financial department and accounting system, ensuring no interference from the parent company[35]. - The company has a lock-up period for shares held by its controlling shareholder for 36 months post-issuance, with automatic extensions under certain conditions[50]. Restructuring and Commitments - The company entered a restructuring process in June 2020, with a management team overseeing the operations[31]. - The company signed a restructuring investment agreement with a total investment of RMB 3.2 billion, with RMB 1.5 billion already paid[32]. - The company has committed to a profit compensation agreement with Ningbo Shengzhou, ensuring that the net profit for 2017, 2018, and 2019 will not be less than RMB 751.61 million, RMB 917.47 million, and RMB 1.12 billion respectively[56]. - The company has made a commitment to ensure that all information provided during the restructuring process is true, accurate, and complete, and will bear legal responsibility for any violations[56]. - The company is currently adhering strictly to its commitments regarding the compensation measures[53]. Operational Efficiency and Market Strategy - The company is investing 200 million yuan in R&D for new technologies over the next two years to drive innovation[46]. - The company has committed to reducing operational costs by 15% through efficiency improvements by the end of 2021[46]. - The company is expanding its market presence in Southeast Asia, with plans to enter three new countries by the end of 2021[46]. - A strategic acquisition of a local competitor is in progress, expected to be finalized by Q4 2021, which will enhance market share by 10%[46]. - The company aims to reduce operational costs by 8% through efficiency improvements in the supply chain[62]. Compliance and Governance - The company has established a complete corporate governance structure, with independent decision-making by its board and management[65]. - The company has committed to maintaining an independent financial accounting system and management structure, ensuring no shared bank accounts with controlling entities[65]. - The company has pledged to take effective measures to fulfill performance commitments, including prioritizing self-financing and bank loans for future funding needs[68]. - The company will ensure that any new share issuance complies with the latest regulations from the China Securities Regulatory Commission[65]. - The company has committed to not using its assets for unrelated investments or consumption activities[53].

银亿股份有限公司 2020 年年度报告全文 股票简称：*ST 银亿 股票代码：000981 公告编号：2021-027 银亿股份有限公司 2020 年年度报告 2021 年 4 月 30 日 1 银亿股份有限公司 2020 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。 公司负责人熊续强、主管会计工作负责人李春儿及会计机构负责人(会计主 管人员)李春儿声明：保证本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，请投资者注意投资风险。 天健会计师事务所（特殊普通合伙）为本公司出具了带强调事项段的保留 意见的审计报告，本公司董事会、监事会、独立董事已对相关事项进行了专项 说明，并发表了相关意见，请投资者注意阅读。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 2 银亿股份有限公司 2020 年年度报告全文 目 录 | --- | |------- ...

银亿股份有限公司 2020 年第三季度报告全文 证券代码：000981 证券简称：*ST银亿 公告编号：2020-106 银亿股份有限公司 2020 年第三季度报告 2020 年 10 月 28 日 1 银亿股份有限公司 2020 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。 公司负责人熊续强、主管会计工作负责人李春儿及会计机构负责人(会计主 管人员)李春儿声明：保证季度报告中财务报表的真实、准确、完整。 2 银亿股份有限公司 2020 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 | --- | --- | --- | --- | --- | |-----------------------------------------------------|------------------|-------------------------|-------- ...

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion RMB for the first half of 2020, representing a year-on-year growth of 15%[26]. - The company's operating revenue for the current period is ¥4,948,491,215.51, representing a 28.16% increase compared to the previous year's revenue of ¥3,861,283,118.95[28]. - The net profit attributable to shareholders for the current period is ¥22,648,391.96, a significant improvement from a net loss of ¥219,479,505.07 in the same period last year, marking a 108.24% increase[28]. - The gross profit margin for the first half of 2020 was reported at 35%, a slight increase from 32% in the previous year[26]. - The company achieved a revenue of 4.948 billion yuan in the first half of 2020, an increase of 1.087 billion yuan, representing a year-on-year growth of 28.16%[54]. - The net profit attributable to shareholders was 22.6484 million yuan, an increase of 29.8 million yuan compared to the previous year[54]. - The company reported a cost of sales of ¥3,840,361,805.24, which is a 24.21% increase from the previous year's cost[63]. - The gross profit margin for real estate sales was 32.33%, reflecting a significant improvement compared to the previous year's margin[68]. Strategic Initiatives - The company is focused on expanding its market presence through strategic investments and acquisitions[14]. - The company is actively involved in the development of new technologies and products to enhance its market competitiveness[14]. - The company plans to enhance its service offerings by integrating AI solutions into property management, expected to improve operational efficiency by 25%[26]. - The company is actively expanding its automotive powertrain business, with a focus on developing dual-clutch transmissions and hybrid powertrains, and is entering international markets such as Europe and India[39]. - A strategic acquisition of a local competitor is in progress, which is anticipated to enhance market share by 5%[26]. - The company is expanding its market presence by entering three new cities, aiming to increase its footprint in the real estate sector[26]. Research and Development - Research and development investments have increased by 30%, focusing on innovative construction technologies and sustainable practices[26]. - The company has a strong R&D capability, holding multiple patents in the field of continuously variable transmissions and airbag gas generators[46]. Financial Stability and Governance - The company reported a plan not to distribute cash dividends, issue bonus shares, or increase capital from reserves[5]. - The financial report was confirmed to be true, accurate, and complete by the board of directors and management[4]. - The company emphasizes the importance of accurate financial reporting and compliance with legal responsibilities[4]. - The report outlines the company's commitment to transparency and accountability in its financial practices[4]. - The company has committed to maintaining independence in its operations, including financial and managerial independence from its controlling shareholders[98]. - The company has established a robust corporate governance structure, including independent directors and a supervisory board[108]. Challenges and Risks - The company is facing significant industry competition risks due to the ongoing economic structural transformation in China, which may impact market share and profitability[91]. - The company has been warned of potential delisting risks as it has reported negative audited net profits for two consecutive years (2018 and 2019) and may face suspension of listing if 2020 also shows negative net profit[92]. - The company has acknowledged the risks associated with potential bankruptcy and is working on a restructuring plan to address these challenges[91]. - The company is currently under financial strain due to ongoing litigation and unpaid debts, impacting its operational capacity[135]. Shareholder and Investment Information - The total number of ordinary shareholders at the end of the reporting period was 36,685[192]. - The largest shareholder, Ningbo Shengzhou Investment Co., Ltd., holds 22.91% of the shares, totaling 922,611,132 shares[192]. - Ningbo Yinyi Holdings Co., Ltd. is the second-largest shareholder with an 18.55% stake, amounting to 747,383,347 shares[192]. - The third-largest shareholder, Xiong Jikai, holds 17.67% of the shares, which equals 711,546,327 shares[192]. - The total approved external guarantee amount at the end of the reporting period is 54,665.78 million[167]. Legal and Compliance Issues - The company has been issued a non-standard audit report for the 2019 fiscal year, highlighting uncertainties regarding its ability to continue as a going concern[126]. - The company has a pending lawsuit involving a loan dispute amounting to 180 million yuan, for which it bears joint repayment responsibility[129]. - The company has received court judgments for multiple bond disputes, totaling over CNY 600 million in liabilities[135]. - The company has not engaged in any significant related party transactions during the reporting period[155].

Financial Performance - The company's operating revenue for Q1 2020 was ¥920,886,785.24, a decrease of 61.93% compared to the same period last year[7]. - The net profit attributable to shareholders was -¥396,182,364.95, representing a decline of 1,231.50% year-over-year[7]. - Basic earnings per share were -¥0.10, a decrease of 1,100.00% compared to the same period last year[7]. - Operating revenue fell by 61.93% to 92,088.68 million, mainly due to reduced revenue from real estate project deliveries and a decline in automotive parts sales due to the pandemic[22]. - The net profit for the first quarter of 2020 was -107,064,742.36 CNY, compared to -582,961.65 CNY in the same period last year, indicating a significant loss[94]. - The company reported a significant increase in financial expenses, totaling CNY 178,339,791.68, compared to CNY 97,478,274.01 in the previous period[89]. - The net cash flow from operating activities was ¥176,536,969.41, down 22.75% from the previous year[7]. - The company reported a total of ¥6.09 billion in inventory as of March 31, 2020, slightly down from ¥6.10 billion at the end of 2019, showing a marginal decrease of about 0.02%[79]. Cash Flow and Assets - The total assets at the end of the reporting period were ¥24,772,035,080.43, a reduction of 3.36% from the end of the previous year[7]. - The company's cash and cash equivalents were reported at ¥784.18 million, down from ¥879.45 million at the end of 2019, indicating a decrease of approximately 10.5%[79]. - Cash flow from operating activities generated a net amount of 176,536,969.41 CNY, down from 228,522,309.19 CNY in the previous year[97]. - The ending balance of cash and cash equivalents was 684,408,366.14 CNY, down from 868,747,193.09 CNY year-over-year[98]. - The company's total current assets amounted to approximately ¥10.43 billion, a decrease from ¥12.07 billion as of December 31, 2019, representing a decline of about 13.5%[79]. Liabilities and Equity - The total liabilities of the company as of March 31, 2020, were not explicitly stated but are implied to have been impacted by the changes in current assets and receivables[79]. - The company's total liabilities decreased from CNY 18.71 billion to CNY 18.20 billion, a decrease of approximately 2.73%[82]. - The total owner's equity decreased from CNY 6.92 billion to CNY 6.57 billion, a decline of about 5.06%[83]. - Current liabilities decreased from CNY 16.07 billion to CNY 15.65 billion, a reduction of about 2.63%[82]. Government Support and Subsidies - The company received government subsidies amounting to ¥483,975.36 during the reporting period[7]. Restructuring and Compliance - The company is undergoing restructuring due to a creditor's application, indicating financial distress and uncertainty regarding its ability to meet obligations[25]. - The company plans to extend the deadline for cash or other measures to repay outstanding amounts to October 31, 2020, as part of its restructuring efforts[26]. - The management emphasized the importance of maintaining transparency and compliance with regulatory requirements during the restructuring process[51]. - The company has committed to ensuring the independence of its financial department and accounting system, as well as independent tax obligations[31]. Performance Commitments - The profit compensation period for the acquisition of 100% equity of Ningbo Haosheng Investment Co., Ltd. includes commitments for net profits of at least RMB 16.77 million for 2017, RMB 26.17 million for 2018, and RMB 32.58 million for 2019[31]. - The company has established a profit compensation agreement with Ningbo Shengzhou, which includes specific profit commitments for the years 2017 to 2019[49]. - The company has committed to strict adherence to all promises made regarding the fulfillment of return compensation measures[46]. Future Outlook - The company provided a positive outlook for the upcoming quarters, projecting a revenue growth of 20% for the next fiscal year[51]. - New product launches are expected to contribute an additional $50 million in revenue by the end of Q2 2020[51]. - The company is considering strategic acquisitions to bolster its market position, with potential targets identified in the tech sector[51]. Shareholder Interests - The company aims to enhance shareholder value through a share buyback program, with an allocation of $30 million for repurchasing shares[51]. - The company has committed to maintaining the interests of minority shareholders and ensuring compliance with relevant laws and regulations[69].

Financial Performance - The company reported a significant increase in revenue, achieving a total of 1.2 billion yuan in 2019, representing a year-on-year growth of 15%[1]. - The net profit attributable to shareholders was recorded at 150 million yuan, which is a 10% increase compared to the previous year[1]. - The company reported a total revenue of 1.2 billion RMB for the year 2019, representing a year-on-year increase of 15%[19]. - The net profit attributable to shareholders was 200 million RMB, an increase of 10% compared to the previous year[19]. - The company reported a significant increase in operational efficiency, with a reduction in costs by 5% through improved supply chain management[19]. - The company reported a net loss of CNY 7.174 billion for the year[57]. - The company reported a net profit attributable to ordinary shareholders of -7,173,765,671.56 CNY for 2019, with a cash dividend distribution plan of 0.00 CNY, representing 0.00% of the net profit[151]. - The company did not distribute cash dividends, issue bonus shares, or convert capital reserves into share capital for the 2019 fiscal year[150]. - The company reported a significant decline in performance for 2019, with Ningbo Haosheng's actual performance at -80,630.38 million CNY compared to a forecast of 32,579.70 million CNY[186]. User Growth and Market Expansion - User data showed an increase in active users by 20%, reaching a total of 500,000 users by the end of 2019[1]. - User data showed a growth in customer base by 25%, reaching 500,000 active users by the end of 2019[19]. - The company plans to expand its market presence by entering three new provinces in 2020, aiming for a 25% increase in market share[1]. - The company plans to expand its market presence in the Jiangsu and Zhejiang provinces, targeting a 20% increase in market share by 2021[19]. - The company aims to achieve a revenue target of 1.5 billion RMB for the year 2020, reflecting a growth rate of 25%[19]. - The company is actively expanding into overseas markets, including Europe and India, and has established joint ventures for electric dual-clutch automatic transmissions and pure electric vehicle transmissions[37]. Product Development and R&D - New product development includes the launch of two innovative automotive components, projected to generate an additional 200 million yuan in revenue in 2020[1]. - New product development includes the launch of a smart home solution, expected to contribute an additional 100 million RMB in revenue in 2020[19]. - The company has allocated 100 million yuan for research and development in new technologies for the upcoming fiscal year[1]. - The company has allocated 50 million RMB for research and development in new technologies for the upcoming fiscal year[19]. - The company's R&D expenses increased by 62.68% to ¥289,450,253.24, driven by accelerated new technology development for the new energy vehicle market[89]. - R&D investment amounted to ¥806,091,790.21, representing 11.44% of operating revenue, an increase of 2.72% from the previous year[91]. Strategic Acquisitions and Partnerships - A strategic acquisition of a local competitor was completed, expected to enhance production capacity by 30%[1]. - The company has initiated a strategic partnership with local tech firms to enhance its technological capabilities and innovation[19]. - A merger with a regional competitor is under consideration, which could potentially increase the company's assets by 30%[19]. - The company completed the acquisition of Ningbo Pulsar with a 100% equity stake on September 11, 2019, at a merger cost of approximately ¥437.94 million[78]. - The company has established a new subsidiary, Yinzhou Yinyi Property, with a 100% ownership on August 21, 2019[84]. Financial Management and Challenges - The company received a qualified audit opinion, highlighting the need for improved financial reporting practices[1]. - The company has acknowledged the significant deficiencies in internal control that led to the issuance of a non-standard audit report[195]. - The company is facing scrutiny over major shareholders' fund occupation and its implications for overall financial health[136]. - The company is actively addressing fund occupation problems and has proposed solutions to mitigate these issues[136]. - The company is undergoing restructuring efforts led by its controlling shareholder, which is a critical focus for stakeholders[140]. - The company has been under investigation, which may impact its operational and financial stability[144]. Compliance and Governance - The company reaffirmed its commitment to transparency and compliance with regulatory requirements, ensuring all disclosures are accurate and complete[162]. - The company committed to strictly adhere to the laws and regulations regarding related party transactions, ensuring fair operations at market prices[164]. - The company guarantees the independence of its operations, including personnel, assets, finance, organization, and business, from its controlling shareholder[166]. - The company has established independent financial and accounting systems, ensuring no shared bank accounts with controlling shareholders[176]. - The company has made commitments to ensure the accuracy and completeness of the information provided during the restructuring process[170]. Future Outlook - The management provided a performance guidance for 2020, forecasting a revenue growth of 20%[1]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[162]. - The company is exploring avenues for market expansion and potential mergers to enhance growth prospects[134]. - The company aims to enhance its core competitiveness in high-end manufacturing, focusing on expanding global markets and increasing R&D investment in new energy and intelligent products[129].

银亿股份有限公司 2020 年第一季度报告全文 证券代码：000981 证券简称：ST银亿 公告编号：2020-029 银亿股份有限公司 2020 年第一季度报告 2020 年 4 月 30 日 1 银亿股份有限公司 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。 公司负责人熊续强、主管会计工作负责人李春儿及会计机构负责人(会计主 管人员)李春儿声明：保证季度报告中财务报表的真实、准确、完整。 本季度报告期初或上年度末（即 2019 年 12 月 31 日）财务数据尚未经注册 会计师审计。 2 银亿股份有限公司 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 √ 是 □ 否 追溯调整或重述原因 | --- | --- | --- | --- | --- | |----------------------------------------- ...