证券代码：001376 证券简称：百通能源 公告编号：2024-029 江西百通能源股份有限公司 关于参加江西辖区上市公司 2024 年投资者 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信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 为进一步加强与投资者的互动交流，江西百通能源股份有限公司（以下 简称“公司”）将参加由江西省上市公司协会与深圳市全景网络有限公司联 合举办的“2024年江西辖区上市公司投资者集体接待日活动”，现将相关事 项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录“全景路演”网站 （https://rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参与本次互动交流，活动时间为 2024 年5月17日（周五）15:00- 17:00。 届时公司高管将在线就公司 2023年度业绩、公司治理、发展战略、经营 状况等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃 ...

Financial Performance - Revenue for the first quarter was RMB 286.94 million, a decrease of 1.99% compared to the same period last year[4] - Net profit attributable to shareholders of the company was RMB 49.53 million, an increase of 81.22% year-on-year[4] - Net profit attributable to shareholders increased by 81.22% YoY, and net profit excluding non-recurring gains and losses increased by 71.86% YoY, driven by lower coal prices, increased steam and electricity sales, and improved capacity utilization[26] - Total operating revenue for the current period was 286.94 million yuan, a decrease from the previous period's 292.77 million yuan[32] - Total operating costs for the current period were 227.07 million yuan, down from 259.92 million yuan in the previous period[32] - Comprehensive income for the current period was 49.56 million yuan, up from 27.27 million yuan in the previous period[34] Cash Flow and Liquidity - Operating cash flow increased by 18.62% to RMB 75.24 million compared to the same period last year[4] - Net cash flow from operating activities increased to 75.24 million yuan, up from 63.43 million yuan in the previous period[40] - Cash received from sales of goods and services was 298.03 million yuan, compared to 328.89 million yuan in the previous period[40] - Cash paid for goods and services decreased to 145.52 million yuan from 209.55 million yuan in the previous period[40] - Cash received from tax refunds was 433,669.20 yuan, a significant decrease from 2.58 million yuan in the previous period[40] - Net increase in cash and cash equivalents was 50,013,777.30 thousand, compared to a decrease of 21,397,177.02 thousand in the previous period[41] - Ending cash and cash equivalents balance was 227,562,650.42 thousand, up from 78,885,988.38 thousand in the previous period[41] Earnings Per Share - Basic earnings per share (EPS) increased by 57.14% to RMB 0.11[4] - Basic and diluted earnings per share both grew by 57.14% YoY due to increased net profit while the total number of shares remained unchanged[26] - Basic earnings per share increased to 0.11 yuan from 0.07 yuan in the previous period[34] Assets and Liabilities - Total assets at the end of the reporting period were RMB 1.47 billion, an increase of 1.53% compared to the end of the previous year[4] - The company's equity attributable to shareholders increased by 5.02% to RMB 1.04 billion[4] - The company's total liabilities increased, with short-term borrowings rising to RMB 227.38 million, up from RMB 193.39 million at the end of the previous year[11] - Total liabilities decreased to 429.26 million yuan from 456.95 million yuan in the previous period[32] - Total equity attributable to owners of the parent company was 1.04 billion yuan, down from 993.22 million yuan in the previous period[32] Shareholder Information - The top shareholder, Nanchang Baitong Environmental Technology Co., Ltd., holds 19.53% of the shares, with 90 million shares under restricted conditions[27] - The second-largest shareholder, Zhang Chunlong, holds 11.72% of the shares, with 54 million shares under restricted conditions[27] - The total number of ordinary shareholders at the end of the reporting period was 20,374[27] - The company's top 10 shareholders include institutional investors such as Beijing Baitong Hengyu Technology Co., Ltd. and Beijing Saiyinte No. 1 Equity Investment Center (Limited Partnership)[27] - The company's shareholders include both domestic and foreign institutional investors, such as UBS AG and China International Capital Corporation[28] Investment and Financing Activities - Investment activities cash inflow totaled 720.00 thousand, a significant decrease from 15,714,202.47 thousand in the previous period[41] - Cash outflow for investment activities was 49,119,534.28 thousand, compared to 52,054,580.60 thousand in the previous period[41] - Net cash flow from investment activities was -49,118,814.28 thousand, an improvement from -36,340,378.13 thousand in the previous period[41] - Cash inflow from financing activities was 87,099,536.17 thousand, up from 50,400,000.00 thousand in the previous period[41] - Cash outflow for financing activities was 63,204,918.23 thousand, a decrease from 98,882,688.36 thousand in the previous period[41] - Net cash flow from financing activities was 23,894,617.94 thousand, a significant improvement from -48,482,688.36 thousand in the previous period[41] Government Subsidies and Tax Refunds - Government subsidies received during the period amounted to RMB 5.75 million[4] - The company received a tax refund of 36,541.98 RMB as a non-recurring gain[23] R&D and Interest Expenses - The company's R&D expenses were minimal, with only RMB 4,854.54 recorded in the previous year[14] - Interest expenses decreased significantly to RMB 3.28 million, down from RMB 6.30 million in the same period last year[14] Monetary Funds and Financial Assets - The company's monetary funds at the end of the period amounted to 227,562,650.42 RMB, an increase from 188,315,670.17 RMB at the beginning of the period[29] - The company's trading financial assets at the end of the period were 20,021,425.80 RMB[29] Audit and Financial Statements - The company's financial statements for the first quarter of 2024 have been audited and confirmed to be true, accurate, and complete[43][44]

证券代码：001376 证券简称：百通能源 公告编号：2024-025 江西百通能源股份有限公司 股票交易异常波动公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 5. 控股股东及实际控制人在本公司股票异常波动期间未买卖公司股票。 三、是否存在应披露而未披露信息的说明 本公司董事会确认，本公司目前没有任何根据《深圳证券交易所股票上市规 1 一、股票交易异常波动的具体情况 江西百通能源股份有限公司（以下简称"公司"或"本公司"）A 股股票（证 券简称：百通能源，证券代码：001376）交易价格连续 3 个交易日内（2024 年 4 月 12 日、4 月 15 日、4 月 16 日）收盘价格跌幅偏离值累计超过 20%。根据《深 圳证券交易所交易规则》的相关规定，公司股票交易属于异常波动的情况。 二、公司关注并核实的相关情况 针对公司股票异常波动，公司对有关事项进行核查，并发函征询了公司控股 股东及实际控制人，现将有关情况说明如下： 1. 经核实，公司不存在前期披露的信息需要更正、补充之处； 2. 经核查，公司未发现近期公共媒体报道了可能或已经对公司股票交易价 ...

证券代码：001376 证券简称：百通能源 公告编号：2024-024 江西百通能源股份有限公司 一、股票交易异常波动的具体情况 江西百通能源股份有限公司（以下简称"公司"或"本公司"）A 股股票（证 券简称：百通能源，证券代码：001376）交易价格连续 2 个交易日内（2024 年 4 月 10 日、4 月 11 日）收盘价格涨幅偏离值累计超过 20%。根据《深圳证券交易 所交易规则》的相关规定，公司股票交易属于异常波动的情况。 二、公司关注并核实的相关情况 针对公司股票异常波动，公司对有关事项进行核查，并发函征询了公司控股 股东及实际控制人，现将有关情况说明如下： 1. 经核实，公司不存在前期披露的信息需要更正、补充之处； 2. 经核查，公司未发现近期公共媒体报道了可能或已经对公司股票交易价 格产生较大影响的未公开重大信息； 3. 公司目前经营情况正常，内外部经营环境未发生重大变化； 4. 公司、控股股东及实际控制人不存在涉及公司的应披露而未披露的重大 事项，也无处于筹划阶段的重大事项； 5. 控股股东及实际控制人在本公司股票异常波动期间未买卖公司股票。 股票交易异常波动公告 本公司及董事会全体成员保证 ...

证券代码：001376 证券简称：百通能源 公告编号：2024-022 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 江西百通能源股份有限公司（以下简称"公司"或"本公司"）于 2024 年 4 月 8 日召开 2023 年年度股东大会，审议通过《关于公司 2023 年度利润分配 预案的议案》，现将权益分派事宜公告如下： 一、股东大会审议通过利润分配方案情况 1.具体方案：公司拟以总股本 460,900,000 股为基数，向全体股东派送现 金，每 10 股派人民币 1 元（含税），支付现金为 46,090,000 元，不送红股， 不以公积金转增股本。现金分红来源为自有资金。若在利润分配预案披露至实 施期间公司总股本由于可转债转股、股份回购、股权激励行权、再融资新增股 份上市等原因而发生变化的，公司拟按照分配总额不变，相应调整每股分配比 例原则实施分配。 2.自本次分配预案披露至实施期间，公司股本总额未发生变化。 3.本次实施的分配方案与股东大会审议通过的分配方案一致。 4.本次实施分配方案距离股东大会审议通过的时间未超过两个月。 二、权益分派方案 本公司 2 ...

江西百通能源股份有限公司（以下简称"公司"或"本公司"）A 股股票（证 券简称：百通能源，证券代码：001376）交易价格连续 2 个交易日内（2024 年 4 月 8 日、4 月 9 日）收盘价格涨幅偏离值累计超过 20%。根据《深圳证券交易所 交易规则》的相关规定，公司股票交易属于异常波动的情况。 股票交易异常波动公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、股票交易异常波动的具体情况 证券代码：001376 证券简称：百通能源 公告编号：2024-023 江西百通能源股份有限公司 二、公司关注并核实的相关情况 针对公司股票异常波动，公司对有关事项进行核查，并发函征询了公司控股 股东及实际控制人，现将有关情况说明如下： 1. 经核实，公司不存在前期披露的信息需要更正、补充之处； 4. 公司、控股股东及实际控制人不存在涉及公司的应披露而未披露的重大 事项，也无处于筹划阶段的重大事项； 2. 经核查，公司未发现近期公共媒体报道了可能或已经对公司股票交易价 格产生较大影响的未公开重大信息； 3. 公司目前经营情况正常，内外部经营环境未发生重大变化； ...

北京东环律师事务所股东大会法律意见书 北京东环律师事务所 关于江西百通能源股份有限公司 2023 年年度股东大会的法律意见书 致：江西百通能源股份有限公司 大遗漏，并承担相应法律责任。 本法律意见书不对会议审议的议案内容以及这些议案所表述的事 实或数据的真实性及准确性发表意见。 本法律意见书仅供公司本次股东大会的合法性之目的使用，不得用 作任何其他目的。 公司向本所律师保证和承诺：公司为本次律师见证所提供的所有文 件、资料均不存在虚假记载、误导性陈述或重大遗漏，且电子文件内容、 格式与纸质材料一致，均真实、合法、有效、完整。并已向北京东环律 师事务所披露了一切足以影响本次法律意见书出具的事实和文件，无任 何隐瞒、疏漏之处。 基于前述保证和承诺，东环律师根据现行有效的中国法律、法规及 规范性文件的规定，按照律师行业公认的业务标准、道德规范和勤勉尽 责的精神，对公司所提供的相关文件和有关事实进行了核查和验证，现 对本次股东大会出具如下法律意见： 一、本次股东大会召集、召开程序 （一）本次股东大会的召集 北京东环律师事务所（以下简称"东环"）依法接受江西百通能源 股份有限公司（以下简称"公司"）委托，指派本所李凡、 ...

证券代码：001376 证券简称：百通能源 公告编号：2024-021 江西百通能源股份有限公司 2023 年年度股东大会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东大会没有出现否决提案的情况。 2、本次股东大会未涉及变更以往股东大会已通过的决议的情况。 一、会议召开和出席情况 （一）会议召开情况 1、现场会议时间：2024 年 4 月 8 日（星期一）14:00； 1、出席会议的总体情况 2、网络投票时间：2024 年 4 月 8 日；其中通过深圳证券交易所交易系统 进行网络投票的具体时间为：2024 年 4 月 8 日 9:15-9:25，9:30—11:30，13:00— 15:00；通过深圳证券交易所互联网投票系统投票的具体时间为：2024 年 4 月 8 日 9:15-15:00 期间任意时间。 3、会议召开地点：北京市西城区白广路四号院钢设总院六层 A 区公司会议 室。 4、会议召开方式：现场表决与网络投票相结合的方式。 5、会议召集人：公司董事会 6、会议主持人：董事长张春龙 7、会议召开的合法、合规性：本次 ...

江西百通能源股份有限公司（以下简称"公司"）于 2024 年 3 月 15 日在 《中国证券报》《上海证券报》《证券时报》《证券日报》和经济参考网、巨潮 资讯网（http://www.cninfo.com.cn）上披露了《关于召开 2023 年年度股东大 会通知公告》（公告编号：2024-018），现将本次股东大会的召开情况提示如下： 证券代码：001376 证券简称：百通能源 公告编号：2024-020 江西百通能源股份有限公司 关于召开 2023 年年度股东大会提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 一、召开会议的基本情况 1、会议届次：2023 年年度股东大会 2、会议召集人：公司董事会 经公司第三届董事会第二十四次会议审议通过《关于提请召开 2023 年年度 股东大会的议案》。 3、会议召开的合法、合规性：本次股东大会会议的召开符合有关法律、行 政法规、部门规章、规范性文件、业务规则和《江西百通能源股份有限公司章 程》等规定。 4、会议召开时间： （1）现场会议时间：2024 年 4 月 8 日（星期一）14:00； （2）网络投票 ...

Financial Performance - Total assets increased by 4.35% to 1,452,238,658.63 yuan[25] - Net assets attributable to shareholders of the listed company increased by 36.05% to 993,223,113.28 yuan[25] - Revenue for 2023 was RMB 1,082,184,150.94, a slight decrease of 0.01% compared to 2022[44] - Net profit attributable to shareholders increased by 19.50% to RMB 131,329,289.29 in 2023[44] - Net cash flow from operating activities rose by 21.31% to RMB 297,004,221.05 in 2023[44] - Basic earnings per share (EPS) grew by 19.23% to RMB 0.31 in 2023[44] - Weighted average return on equity (ROE) decreased slightly by 0.36% to 15.92% in 2023[44] - Q4 2023 revenue was RMB 297,786,911.50, the highest among all quarters[48] - Q2 2023 net profit attributable to shareholders was RMB 39,990,556.26, the highest among all quarters[48] - Q4 2023 net cash flow from operating activities was RMB 108,766,427.50, the highest among all quarters[48] - The company achieved a revenue of 1.082 billion yuan, with operating profit increasing by 22.19% to 181 million yuan, and net profit attributable to shareholders rising by 19.50% to 131 million yuan[124] - Total operating revenue for 2023 was 1,082,184,150.94 RMB, a slight decrease of 0.01% compared to 2022[147] - Revenue from thermal power and heat supply decreased by 4.80% to 332,302,316.76 RMB, accounting for 30.71% of total revenue[147] - Revenue from combined heat and power generation increased by 2.58% to 743,669,370.14 RMB, accounting for 68.72% of total revenue[147] - Revenue from steam sales decreased by 0.83% to 994,093,794.90 RMB, accounting for 91.86% of total revenue[147] - Revenue from electricity sales increased by 14.84% to 81,877,892.00 RMB, accounting for 7.57% of total revenue[147] - Revenue from Shandong Province increased by 7.06% to 300,149,245.52 RMB, accounting for 27.74% of total revenue[147] - Direct material costs decreased by 10.51% to 595,335,580.20 RMB, accounting for 74.42% of total operating costs[151] - R&D expenses decreased by 46.19% to 188,522.78 RMB due to reduced R&D investment[155] - Net cash flow from operating activities was 297,004,200 RMB, while net profit was 131,114,500 RMB, with the difference mainly due to non-cash expenses such as depreciation and amortization[157] - The top five customers accounted for 44.93% of total sales, with the largest customer contributing 18.63% of total sales[152] - Total monetary funds at the end of the period amounted to RMB 10,697,872.00, with RMB 68,925.05 being unreceived interest[160] - Sales volume of thermal power increased by 8.40% to 355.30 million tons, while production volume decreased by 1.69% to 442.66 million tons[167] - Sales volume of electricity increased by 16.98% to 21,206.12 million kWh, with production volume rising by 14.18% to 28,516.49 million kWh[167] - Management expenses increased by 43.17% to RMB 81,674,319.22 due to special rewards, increased office staff, and consulting fees during the IPO[170] - R&D investment decreased by 46.19% to RMB 188,522.78, accounting for 0.02% of total revenue[172] - Net cash flow from operating activities increased to RMB 297,004,221.05, while net cash flow from investing activities decreased to RMB -189,715,462.22[175] - Fixed assets increased by 14.15% to RMB 971,942,167.43, accounting for 66.93% of total assets[176] - Short-term loans increased by 1.80% to RMB 193,393,927.25, representing 13.32% of total assets[176] - Total investment during the reporting period increased by 72.76% to RMB 243,190,550.25[179] - Total investment in coal procurement is 29.5 billion yuan, with a cumulative actual investment of 44.563 billion yuan[180] - Siyang heating pipeline - North Line Pipeline project has an investment of 2.538 million yuan, with a progress of 40%[180] - Siyang Baitong cogeneration phase II project has an investment of 131.225 million yuan, with a progress of 60% and cumulative realized revenue of 5.537 million yuan[180] - Lianyungang Baitong cogeneration project has an investment of 202,444.32 yuan, with a progress of 16%[180] - Lianyungang Baitong ultra-low emission project has an investment of 9.147 million yuan, with a progress of 100%[181] - Jinxi Baitong centralized heating phase II project has an investment of 27.387 million yuan, with a progress of 100% and cumulative realized revenue of 1.390 million yuan[181] - Total investment in all projects is 202.596 million yuan, with a cumulative actual investment of 244.742 million yuan and cumulative realized revenue of 6.928 million yuan[181] - The company raised 210.170 million yuan through IPO, with a net amount of 176.597 million yuan after deducting issuance costs[184] - As of December 31, 2023, the company has invested 121.765 million yuan in fundraising projects, with a remaining balance of 54.875 million yuan[184][187] - The company plans to expand its cogeneration capacity, optimize capital structure, and promote sustainable development[193] Dividend and Profit Distribution - The company plans to distribute a cash dividend of 1 yuan per 10 shares, totaling 460,900,000 shares[17] - The company's 2023 annual report includes a profit distribution plan approved by the board of directors[17] Corporate Governance and Compliance - The company's 2023 annual report was audited by Dahua Certified Public Accountants (Special General Partnership)[7] - The company's 2023 annual report was disclosed on the Shenzhen Stock Exchange website and other media platforms[22] - The company's 2023 annual report was reviewed and approved by all directors[16] - The company's 2023 annual report includes a statement from the company's legal representative, chief financial officer, and accounting department head ensuring the accuracy of the financial report[19] - The company's 2023 annual report includes a statement from the board of directors, supervisory board, and senior management ensuring the accuracy and completeness of the report[15] - The company held 10 board meetings and 7 supervisory board meetings during the reporting period, ensuring compliance with relevant regulations and effective decision-making[50][55] - The company disclosed nearly 90 documents, including prospectuses, temporary announcements, and various information files, ensuring transparency and fair information disclosure[51] - The company maintains independence in business, personnel, assets, organization, and finance, with no interference from controlling shareholders[55][56] - The company's governance complies with regulatory requirements, with 5 shareholder meetings held during the reporting period, ensuring fair participation and voting rights[114] Environmental and Safety Management - The company's steam production relies mainly on fossil fuels such as coal, which inevitably generates pollutants like flue gas, slag, wastewater, and noise. The company has implemented effective treatment measures and achieved ultra-low emissions for all its combined heat and power boilers, meeting environmental standards[65] - The company faces potential environmental compliance costs due to increasingly stringent environmental regulations, which could increase operating expenses[65] - The company has a robust safety management system but remains exposed to risks from equipment failures, maintenance issues, or natural disasters, given the high-temperature and high-pressure operating environment[66] Industry and Market Overview - The company operates in the "D44 Electricity, Heat Production, and Supply Industry," specifically in "D4430 Heat Production and Supply," with some subsidiaries engaged in "D4412 Combined Heat and Power" operations[77] - The company's centralized heating business in industrial parks aligns with national energy-saving and emission-reduction policies, supporting stable heat supply and replacing decentralized small boilers[79] - China's total primary energy production in 2021 reached 4.33 billion tons of standard coal, making it the world's largest energy producer[80] - Coal consumption accounted for 55.3% of total energy consumption in 2023, remaining the foundational energy source[80] - Urban centralized heating area in China grew from 4.357 billion square meters in 2010 to 11.125 billion square meters in 2022, with a CAGR of 8.13%[83] - County-level centralized heating area increased from 609 million square meters in 2010 to 2.086 billion square meters in 2022, with a CAGR of 10.80%[83] - The capacity of heating equipment in power plants above 6,000 kW increased from 166.55 million kW in 2010 to 519.90 million kW in 2019, with a CAGR of 13.65%[85] - The proportion of cogeneration in urban and county centralized heating rose from 37.98% in 2010 to 60.59% in 2019, still below the global average of 78%[85] - China is a major market for cogeneration, with policies promoting its development and a growing demand for heat in urban and industrial areas[106] Business Operations and Strategy - The company's first cogeneration power generation unit was officially connected to the grid in 2019, achieving power generation and grid connection in Siyang and Caoxian industrial parks[89] - The company's main profit model involves producing and selling steam and electricity through self-built heat sources and heating pipelines[93] - The company also operates a steam resale business through subsidiaries, purchasing steam from external sources and selling it to heat-demanding enterprises via pipelines[94] - Subsidiary Siyang Baitong stopped purchasing steam externally and switched to self-produced steam sales starting September 1, 2023[95] - Subsidiaries Siyang Baitong and Caoxian Baitong have achieved grid connection for their cogeneration power units, selling electricity directly to State Grid Jiangsu and Shandong[97] - The company adopts a "sales-to-production" model for steam supply, using coal and natural gas to produce steam based on customer demand[95] - The company's steam products are primarily supplied to industrial users within industrial parks, with contracts signed before project operation[96] - The company focuses on regions with current heat load demand and future growth potential, avoiding highly competitive and high-investment areas[99] - Key clients include Yanghe Distillery, Jiangsu New Haipetrochemical, and Zhongwei New Materials, ensuring stable heat demand[100] - The company operates in multiple industrial parks across Jiangsu, Jiangxi, Shandong, and other provinces, with steady growth in performance due to increasing heat demand[111] - The company's main products are steam and electricity, with steam widely used in industries like chemicals, metallurgy, and food processing[111] - The company's coal procurement accounts for over 90% of raw material procurement, with a focus on stable supply and cost efficiency through centralized purchasing[115] - The company operates in multiple provinces including Jiangsu, Shandong, Jiangxi, Guizhou, and Hubei, serving industries such as food, brewing, chemicals, textiles, paper, and pharmaceuticals[118] - The company has a regional exclusivity advantage in industrial parks due to the nature of centralized heating, which limits competition within specific zones[119] - The company emphasizes cost control and lean management, focusing on procurement, construction, and operational costs to maintain competitiveness[127] - The company's CHP projects are planned based on the "heat-led power" principle, with a typical heating radius of 10 kilometers, limiting the number of projects in a given area[136] - The company's strategic location and layout in industrial parks with high growth potential contribute to its stable customer base and development prospects[139] - The company employs a group-based management model, leveraging centralized decision-making and resource allocation to enhance operational efficiency and cost control[141] Management and Personnel - The company's total compensation for key management personnel during the reporting period was 71,427,098[62] - The company experienced changes in its board and senior management, including the resignation of a director and a vice president, and the appointment of new personnel[62] Government Subsidies and Non-Recurring Items - The company received government subsidies of 7.02 million yuan in 2023, down from 14.29 million yuan in 2022 and 17.62 million yuan in 2021[74] - Non-recurring gains and losses for 2023 totaled 8.57 million yuan, a decrease from 9.79 million yuan in 2022 and 11.35 million yuan in 2021[74] Risk Factors - As of December 31, 2023, the company's current liabilities totaled 409.22 million yuan, with a significant portion due within one year. Failure to renew bank loans or strengthen working capital management could lead to liquidity and short-term debt repayment risks[68] - The company's cash flow is sufficient, and it has established good relationships with banks, securing a high credit line[68] - The company has not disclosed a "Quality and Return Enhancement Action Plan" as of the reporting period[70] Accounting Standards and Implementation - The company implemented the "Accounting Standards Interpretation No. 16" starting from January 1, 2023[46]