目 录 | 1—2 页 | | --- | | 一、业绩承诺完成情况的鉴证报告…………………………………第 | 一、对报告使用者和使用目的的限定 本鉴证报告仅供宗申动力公司年度报告披露时使用，不得用作任何其他目的。 我们同意将本鉴证报告作为宗申动力公司 2024 年度报告的必备文件，随同其他 文件一起报送并对外披露。 二、管理层的责任 宗申动力公司管理层的责任是提供真实、合法、完整的相关资料，按照深圳 证券交易所的相关规定编制《关于东莞市锂智慧能源有限公司 2024 年度业绩承 诺完成情况的说明》，并保证其内容真实、准确、完整，不存在虚假记录、误导 性陈述或重大遗漏。 三、注册会计师的责任 二、业绩承诺完成情况的说明…………………………………………第 3 页 三、资质附件…………………………………………………………第 4—8 页 关于东莞市锂智慧能源有限公司 业绩承诺完成情况的鉴证报告 天健审〔2025〕8-150 号 重庆宗申动力机械股份有限公司全体股东： 我们鉴证了后附的重庆宗申动力机械股份有限公司（以下简称宗申动力公司） 管理层编制的《关于东莞市锂智慧能源有限公司 2024 年度业绩承诺完成情况的 说明 ...

一、开展远期外汇资金交易业务的背景 重庆宗申动力机械股份有限公司 关于开展远期外汇资金交易业务的可行性分析报告 重庆宗申动力机械股份有限公司及下属子公司（以下简称"公司"）外贸业 务占整体业务比重较大，结算币种主要采用美元。当汇率出现较大波动时，汇兑 损益可能对公司的经营业绩产生一定影响。为有效规避和防范汇率波动风险，提 升外汇资金使用效率，增强公司财务稳健性，公司有必要结合资金管理要求和日 常经营需要，在风险可控的前提下，使用自有资金适度开展远期外汇资金交易业 务。 二、远期外汇资金交易业务基本情况 （一）交易额度、币种及期限 远期外汇交易币种：包括但不限于美元、欧元等结算币种。 远期外汇交易规模及期限：公司拟开展的远期外汇资金交易业务日峰值最高 不超过5亿美元（含），有效期至2025年年度股东大会重新核定额度前，在有效 期内，该额度可以滚动使用。 （二）交易品种 远期结售汇业务：公司与银行签订远期结售汇合约，约定在未来办理结售汇 的外汇币种、金额和汇率，在交割日按照该远期结售汇合约约定的币种、金额、 汇率办理的结汇或售汇业务。 （三）交易保证金 根据金融机构要求，公司开展远期外汇交易业务需缴纳一定比例的保 ...

目 录 | 一、业绩承诺完成情况的鉴证报告…………………………………第 | 1—2 | 页 | | --- | --- | --- | | 二、业绩承诺完成情况的说明…………………………………………第 | 3 | 页 | | 三、资质附件…………………………………………………………第 | 4—8 | 页 | 关于东莞市锂智慧能源有限公司 业绩承诺完成情况的鉴证报告 天健审〔2025〕8-150 号 重庆宗申动力机械股份有限公司全体股东： 第 1 页 共 8 页 我们按照中国注册会计师执业准则的规定执行了鉴证业务。中国注册会计师 执业准则要求我们计划和实施鉴证工作，以对鉴证对象信息是否不存在重大错报 获取合理保证。在鉴证过程中，我们进行了审慎调查，实施了包括核查会计记录 等我们认为必要的程序，并根据所取得的材料做出职业判断。我们相信，我们的 鉴证工作为发表意见提供了合理的基础。 我们鉴证了后附的重庆宗申动力机械股份有限公司（以下简称宗申动力公司） 管理层编制的《关于东莞市锂智慧能源有限公司 2024 年度业绩承诺完成情况的 说明》。 一、对报告使用者和使用目的的限定 本鉴证报告仅供宗申动力公司年度报告披露时使用 ...

Summary of Zongshen Power's Conference Call Company Overview - **Company**: Zongshen Power - **Year**: 2024 - **Revenue**: 10.383 billion CNY, up 29.84% YoY - **Net Profit**: 460 million CNY, up approximately 27% YoY - **Business Segments**: Two traditional main businesses and three emerging industries, all showing comprehensive growth [3][4] Core Business Performance - **Power System Segment**: Revenue reached 5.226 billion CNY, up 35% YoY; sales volume of 4.83 million units [4] - **Motor Engine Segment**: Revenue approximately 3.8 billion CNY, net profit of 153 million CNY, sales volume of 2.98 million units, up nearly 20% YoY [4][5] Emerging Industries - **New Energy Segment**: Revenue of 579 million CNY, over 300% growth YoY, net profit exceeding 40 million CNY, driven by energy storage business and acquisition of Dongguan Lishi Energy [4][5] - **Aviation Business**: Revenue of 160 million CNY, 70% growth YoY, identified as a new growth engine for the company [4] Market Dynamics - **General Power Machinery Market**: Demand primarily from North America, accounting for about 70% of revenue; emerging markets are gradually growing [6] - **Response to Tariffs**: Company has established production capacity in Vietnam to mitigate North American tariff impacts, with plans to increase investment in new energy and components in Vietnam [7][8] Strategic Outlook - **Motorcycle Engine Market**: Positive outlook with increasing share of large-displacement and mid-to-high-end products, exceeding 20% in 2024 [9] - **Future Revenue Goals**: Expected revenue growth of 50% to 100% for new energy and automotive components in 2025, with an overall target of 20% growth [4][30] Financial Metrics - **Gross Margin**: Historically fluctuating between 13% to 15%, with a slight decline expected due to strategic pricing and market conditions [13][14] - **Capital Expenditure**: Investments in new factories and production capacity, particularly in electric tools and components, with expected revenue of 2 billion CNY from new electric product factory by 2025-2026 [15] Competitive Landscape - **Industry Competition**: Increased competition in the motorcycle manufacturing sector leading to price concessions, but expected to stabilize as industry concentration increases [11][12] - **Profitability by Segment**: Mixed profitability across segments, with some underperforming areas impacting overall net profit [26][27] Future Developments - **Aviation Power Segment**: Expected to achieve breakeven in 2025, with a focus on R&D and diversification of power solutions [25] - **Low-altitude Economy**: Government support for low-altitude economy initiatives, indicating strong future growth potential [28] Inventory and Demand - **Motorcycle Industry**: Strong demand with low inventory levels, optimistic outlook for 2025 growth [29] This summary encapsulates the key points from Zongshen Power's conference call, highlighting the company's performance, market dynamics, strategic outlook, and future developments.

Core Viewpoint - The company aims to enhance its position as a leading provider of integrated power systems by focusing on traditional and emerging business sectors, including general machinery, motorcycle engines, aviation power, new energy, and high-end components, while achieving significant revenue and profit growth in 2024 [20][24]. Company Overview - The company is a specialized manufacturer of small and medium-sized power machinery products in China, engaged in R&D, manufacturing, and sales of various power systems and components [3][4]. - The main products include engines and parts, general gasoline engines, agricultural machinery, and lithium battery systems [3][4]. Business Performance - In 2024, the company achieved total revenue of 10.506 billion yuan, a year-on-year increase of 28.89%, and a net profit of 496 million yuan, up 33.51% from the previous year [20][33]. - The sales volume of general power and terminal products reached 4.8345 million units, a growth of 37.34%, with total revenue of 5.226 billion yuan, increasing by 35.33% [5][20]. Strategic Focus - The company is implementing a dual growth strategy by upgrading its fuel power business and rapidly expanding its new energy business, including electric drive systems and hydrogen energy [4][14]. - The company emphasizes digital transformation and smart manufacturing to enhance operational efficiency and product quality [21][22]. Product Development - The company has established a comprehensive R&D system with modern laboratories and testing facilities to support innovation in product development [7][8]. - The aviation power segment focuses on developing small and medium-sized aviation engines, with a product line that includes over 20 derivative products [13][10]. New Energy Initiatives - The company has built a new energy product system covering electric drive systems, energy storage, and hydrogen energy, aiming for a balanced growth between traditional and new energy sectors [14][16]. - The energy storage subsidiary has launched various products for residential and commercial applications, enhancing its market presence in Europe and North America [16][17]. High-End Components - The high-end components business has developed a complete manufacturing capability from raw materials to finished products, with a focus on automotive and new energy applications [18][19]. - The company collaborates with well-known enterprises to deliver high-quality products and services while advancing digital transformation in manufacturing [18][24].

Core Viewpoint - Zongshen Power reported strong financial performance for the fiscal year 2024, with revenue of 10.384 billion yuan, a year-on-year increase of 29.84%, and a net profit attributable to shareholders of 461 million yuan, up 27.45% [1] Financial Performance - The company achieved a net profit of 442 million yuan after deducting non-recurring items, reflecting a significant growth of 42.92% [1] - Basic earnings per share were reported at 0.40 yuan [1] - The proposed cash dividend is 2 yuan per 10 shares, totaling approximately 229 million yuan, which represents 49.64% of the net profit [2] Strategic Direction - In response to a complex external environment, the company is focusing on "ensuring growth, strengthening transformation, and creating value" as its operational guideline [1] - The strategic direction emphasizes "seeking progress while maintaining stability and innovating breakthroughs," with a focus on extending the first growth curve and creating a second growth curve through technological innovation [1] Business Development - The company is undergoing a transformation towards becoming a "digital, technological, and intelligent" integrated service provider for power systems [1] - Core business upgrades and new field layouts are driving strong resilience and innovative vitality [1] - The engine business is focusing on product structure upgrades, leading to steady sales growth [1] - The aviation power segment is overcoming technical challenges and establishing a competitive market position [1] - The new energy business has successfully developed two product systems: new energy power systems and energy storage, contributing significantly to the company's business transformation [1][2]

Core Viewpoint - Zongshen Power (001696) reported a strong financial performance for 2024, with total revenue of 10.506 billion yuan, a year-on-year increase of 28.89%, and a net profit of 461 million yuan, up 27.45% [1] Group 1: Traditional Business Performance - The traditional business of Zongshen Power showed robust growth, particularly in general machinery and motorcycle engines [2] - General machinery sales reached 4.8345 million units, a 37.34% increase, generating revenue of 5.226 billion yuan, up 35.33% [2] - Motorcycle engine sales totaled 2.9852 million units, an 18.44% increase, with revenue of 3.824 billion yuan, up 13.68% [2] Group 2: Cash Flow Management - Despite strong traditional business performance, the company faced challenges in cash flow management, with net operating cash flow decreasing by 46.1% to 325 million yuan [3] Group 3: New Energy Business Growth - Zongshen Power's new energy sector is emerging as a significant growth driver, focusing on electric drive systems, energy storage, and hydrogen energy [4] - The company has made advancements in electric drive systems for special vehicles and two-wheeled electric motorcycles, enhancing market influence [4] - The energy storage segment has launched various products for home and commercial applications, with ongoing global expansion efforts [4] Group 4: Challenges in Emerging Business Areas - Despite the promising performance in new energy, Zongshen Power faces challenges in emerging business areas, particularly in robotics and collaboration with BYD, indicating a need for stronger positioning in new technologies [5] Group 5: High-End Components and Digital Transformation - The high-end components business is progressing steadily, with collaborations with notable companies and a focus on digital transformation [6] - The company has established a casting factory that emphasizes automation and digitalization, while expanding its product range in new energy components [6] - However, further investment in smart manufacturing and digital transformation is necessary, particularly in integrating key technologies like AI and industrial big data [6]

目 录 | | | 二、资质附件……………………………………………………第 3—7 页 内部控制审计报告 天健审〔2025〕8-148 号 重庆宗申动力机械股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我 们审计了重庆宗申动力机械股份有限公司（以下简称宗申动力公司）2024 年 12 月 31 日的财务报告内部控制的有效性。 一、企业对内部控制的责任 范》和相关规定在所有重大方面保持了有效的财务报告内部控制。 天健会计师事务所（特殊普通合伙） 中国注册会计师： 中国·杭州 中国注册会计师： 按照《企业内部控制基本规范》《企业内部控制应用指引》以及《企业内部 控制评价指引》的规定，建立健全和有效实施内部控制，并评价其有效性是宗申 动力公司董事会的责任。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表 审计意见，并对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于 情况的变化可能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低， 根 ...

目 录 重庆宗申动力机械股份有限公司全体股东： 我们接受委托，审计了重庆宗申动力机械股份有限公司（以下简称宗申动力 公司）2024 年度财务报表，包括 2024 年 12 月 31 日的合并及母公司资产负债表， 2024 年度的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所 有者权益变动表，以及财务报表附注，并出具了审计报告。在此基础上，我们审 计了后附的宗申动力公司管理层编制的 2024 年度《非经营性资金占用及其他关 联资金往来情况汇总表》（以下简称汇总表）。 | | | 二、非经营性资金占用及其他关联资金往来情况汇总表…………第 3—6 页 三、资质附件…………………………………………………………第 7—11 页 非经营性资金占用及其他关联资金往来情况的 专项审计说明 天健审〔2025〕8-149 号 一、非经营性资金占用及其他关联资金往来情况的专项 一、对报告使用者和使用目的的限定 本报告仅供宗申动力公司年度报告披露时使用，不得用作任何其他目的。我 们同意将本报告作为宗申动力公司年度报告的必备文件，随同其他文件一起报送 并对外披露。 为了更好地理解宗申动力公司 2024 年度非经营性资金占 ...

| 一、审计报告……………………………………………………… 第 1—7 | | 页 | | --- | --- | --- | | 二、财务报表……………………………………………………… 第 8—17 | | 页 | | （一）合并资产负债表…………………………………………… 第 | 8 | 页 | | （二）母公司资产负债表………………………………………… 第 | 9 | 页 | | （三）合并利润表…………………………………………………第 | 10 | 页 | | （四）母公司利润表………………………………………………第 | 11 | 页 | | （五）合并现金流量表……………………………………………第 | 12 | 页 | | （六）母公司现金流量表…………………………………………第 | 13 | 页 | | （七）合并所有者权益变动表…………………………………第 14-15 | | 页 | | （八）母公司所有者权益变动表………………………………第 16-17 | | 页 | 三、财务报表附注……………………………………………… 第 18—143 页 四、资质附件………………………………………………… ...