Group 1: Financial Performance - The company's motorcycle engine business has achieved overall stable growth despite challenges such as rising raw material prices, with a focus on increasing the sales proportion of high-value large-displacement products [3] - The general machinery products exported account for approximately 90% of the company's overseas business, primarily to Europe and the United States [6] Group 2: Strategic Measures - During the COVID-19 pandemic, the company supported suppliers to ensure supply chain stability, which facilitated a quick resumption of production [3] - The company has consistently returned profits to investors through profit generation and active dividend distribution [3] Group 3: Product Development - The company has launched several products under its new energy subsidiary, such as the 45kW electric motor, with small batch orders already sold [4] - The company aims to gradually shift its general machinery products towards smart and electric solutions, with continued strong market demand expected in both developed and emerging markets [7] Group 4: Production Capacity and Technology - The aviation engine production capacity is currently 1,000 units per year, with ongoing investments to enhance production and testing capabilities [4] - The company's piston aviation engine technology is mature, with some parameters even leading compared to foreign counterparts [5] Group 5: Market Position and Future Outlook - The company maintains a stable annual production of approximately 3 million motorcycle engines, with an increasing proportion of engines above 125cc displacement [5] - The company is optimistic about long-term returns for investors as it scales up and upgrades its industry [3]

重庆宗申动力机械股份有限公司 2022 年第三季度报告 证券代码：001696 证券简称：宗申动力 公告编号：2022-47 重庆宗申动力机械股份有限公司 2022 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误 导性陈述或重大遗漏。 重要内容提示： 1．董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2．公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证 季度报告中财务信息的真实、准确、完整。 3．第三季度报告是否经过审计 □是 否 1 同一控制下企业合并 重庆宗申动力机械股份有限公司 2022 年第三季度报告 一、主要财务数据 （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 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------| ...

Financial Performance - The company's operating revenue for the first half of 2022 was CNY 4,586,642,602.54, a decrease of 0.85% compared to the same period last year[28]. - The net profit attributable to shareholders of the listed company was CNY 262,400,134.42, an increase of 3.72% year-on-year[28]. - The net profit after deducting non-recurring gains and losses was CNY 267,964,366.61, representing a significant increase of 25.41% compared to the previous year[28]. - The net cash flow from operating activities reached CNY 751,523,688.16, a remarkable increase of 19,114.76% year-on-year[28]. - The basic earnings per share were CNY 0.2292, up 3.76% from the previous year[28]. - Revenue for the reporting period was approximately ¥4.59 billion, a decrease of 0.85% compared to the previous year[74]. - The engine product segment saw a significant decline of 14.80% in revenue, contributing 33.08% to total revenue[74]. - The company reported a net profit of 26,715,057.84 yuan for the first half of 2022, representing a significant increase compared to the previous period[98]. - Net profit reached 184 million yuan, marking a significant year-on-year increase of 57.78%[48]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 9,508,329,484.99, a decrease of 3.55% from the end of the previous year[28]. - The company's total assets decreased from CNY 9,858,389,393.03 to CNY 9,508,329,484.99, a decline of approximately 3.55%[196]. - Total liabilities amounted to ¥4,574,178,175.16, a decrease from ¥4,882,201,912.86[199]. - Current liabilities totaled ¥3,304,463,335.69, down from ¥3,529,648,496.51[199]. - Non-current liabilities were ¥1,269,714,839.47, compared to ¥1,352,553,416.35 previously[199]. - The company's cash and cash equivalents at the end of the reporting period were approximately ¥1.26 billion, accounting for 13.28% of total assets, down from 14.78% at the beginning of the year[79]. - The company's inventory at the end of the reporting period was approximately ¥954.94 million, accounting for 10.04% of total assets[82]. Investments and Acquisitions - The company completed the acquisition of 65% equity in two subsidiaries, increasing its stake in them to 75%[28]. - The company increased its stake in Chongqing Zongshen New Energy Development Co., Ltd. to 100% through an investment of ¥56.53 million[88]. - The company is investing in a new die-casting factory to focus on key aluminum alloy components for electric vehicles[64]. Research and Development - The company has invested significantly in R&D, with a team of over 200 technical talents and advanced technology centers to develop high-performance products[47]. - The company has established a strong R&D capability with 34 modern laboratories and 120 large experimental instruments, focusing on product innovation and technology advancement[54]. - Research and development investment increased by 33.62% to approximately ¥124 million, reflecting the company's commitment to innovation[74]. - The R&D personnel account for approximately 40% of the workforce, with a high proportion of revenue allocated to R&D investments[60]. Market and Industry Trends - The motorcycle industry experienced a decline in production and sales, with a year-on-year decrease of 15.59% in production and 14.38% in sales, totaling 10.55 million and 10.72 million units respectively[43]. - The overall manufacturing industry in China has shown resilience, with the added value of manufacturing increasing from 16.98 trillion yuan in 2012 to 31.4 trillion yuan in 2021[39]. - The company is focusing on expanding its product line in "aviation power, new energy, and high-end components," aligning with national policies to enhance the manufacturing sector[38]. Strategic Focus and Future Plans - The company is committed to maintaining its market leadership in motorcycle engine production while expanding into emerging business areas[38]. - The company’s strategic focus includes the development of new products such as hybrid and high-displacement engines to meet evolving consumer demands[43]. - The management team is focused on transforming the company into a digital, technological, and intelligent integrated service provider[65]. - The company plans to optimize its business structure by focusing on core operations and improving asset quality and efficiency[101]. Shareholder and Investor Relations - The company plans not to distribute cash dividends or issue bonus shares[7]. - The annual shareholders meeting had a participation rate of 40.39% on April 25, 2022, with all resolutions approved[105]. - The company has maintained a strong commitment to shareholder rights protection and has conducted 18 dividend distributions since 2003[129]. - The company has established a comprehensive investor relations management system, utilizing various communication channels to engage with both institutional and individual investors[129]. Environmental and Social Responsibility - The company has completed upgrades to pollution control facilities, ensuring stable compliance with emission standards[114]. - The company is actively pursuing carbon reduction strategies, including energy management platform construction and energy-saving technology renovations[120]. - During the pandemic, the company donated over RMB 400,000 worth of medical supplies to support local efforts[123]. - The company provided nearly 1,000 job positions, helping 2,790 employees, including 448 university graduates, to secure employment[123]. - The company conducted skill enhancement training for 1,000 employees, with 90% obtaining relevant skill certificates[125].

重庆宗申动力机械股份有限公司 2022 年第一季度报告 证券代码：001696 证券简称：宗申动力 公告编号：2022-24 重庆宗申动力机械股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 重要内容提示: 1．董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、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。 2．公司负责人左宗申先生、黄培国先生、主管会计工作负责人刘源洪先生及会计机构负 责人(会计主管人员)夏丹女士声明：保证季度报告中财务信息的真实、准确、完整。 3．第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (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 同一控制下企业合并 | --- | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|--------- ...

Financial Performance - The company's operating revenue for 2021 was CNY 9,176,592,100, representing a 20.27% increase compared to the adjusted revenue of CNY 7,630,004,500 in 2020[29]. - The net profit attributable to shareholders of the listed company for 2021 was CNY 480,558,659.03, a decrease of 18.17% from the adjusted net profit of CNY 587,272,913.95 in 2020[29]. - The net profit after deducting non-recurring gains and losses was CNY 368,828,238.60, reflecting a decrease of 12.58% compared to the previous year[29]. - The company reported a total of CNY 480.56 million in net profit for 2021, down from CNY 587.73 million in 2020, indicating challenges in maintaining profitability[29]. - Basic and diluted earnings per share decreased by 18.17% to ¥0.4197 from ¥0.5133 in the previous year[31]. - The weighted average return on equity decreased by 2.98 percentage points to 10.59% from 13.58% in the previous year[31]. - The company's revenue for Q4 2021 was ¥2,291,762,745.65, with a total annual revenue of ¥9,146,582,165.56[34]. - The net profit attributable to shareholders for Q4 2021 was ¥105,482,683.59, showing a decline compared to previous quarters[34]. Dividend and Profit Distribution - The company plans to distribute a cash dividend of CNY 2.50 per 10 shares, totaling CNY 286,256,730.00 based on the total share capital of 1,145,026,920 shares as of December 31, 2021[8]. - The company has not implemented any stock dividends or capital reserve transfers to increase share capital in the current profit distribution plan[8]. Business Transformation and Strategy - The company has undergone significant business changes since its establishment, shifting from construction steel production to manufacturing various engines and high-tech products[27]. - The company is focused on expanding its market presence and enhancing its product offerings in the engine and machinery sectors[27]. - The company is focusing on expanding into new business areas such as aviation power, new energy, and high-end components[44]. - The company aims to become a global leader in small intelligent green outdoor power and equipment systems, focusing on multi-fuel and new energy products[60]. - The company is actively developing new products, including a series of energy storage products with capacities of 300Wh and 500Wh, which have already entered the market[59]. - The company is actively expanding into new markets, including aviation engines, new energy, and high-end components, achieving positive progress in its industrial transformation[79]. Research and Development - The company has invested heavily in R&D, with a team of over 200 technical innovation talents and 10 specialized laboratories, focusing on advanced technologies such as carbon fiber clutches and low-speed high-torque systems[49]. - R&D personnel account for 50% of the workforce, with a high proportion of R&D investment relative to operating income, indicating a strong commitment to innovation[67]. - The company plans to enhance its research and development capabilities, focusing on green development and key technology breakthroughs[83]. - The company is committed to enhancing digitalization and automation in its production lines to improve product quality and reduce costs[146]. Market and Sales Performance - Domestic sales accounted for 47.23% of total revenue, amounting to ¥4,334,218,955.73, while international sales made up 52.77% at ¥4,842,373,209.83[85]. - The mechanical manufacturing sector contributed ¥9,028,260,902.51, accounting for 98.38% of total revenue, with a year-on-year growth of 20.57%[85]. - The sales volume of motorcycle engines increased by 7.62% to 3,097,996 units in 2021, up from 2,878,691 units in 2020[89]. - The motorcycle engine manufacturing business has seen a significant increase, with total motorcycle production and sales reaching their highest levels since 2014[45]. Cost and Financial Management - The cost of raw materials accounted for 93.17% of total operating costs, amounting to ¥7,578,575,249.62, which is a 25.93% increase from ¥6,018,272,085.47 in 2020[93]. - The company plans to reduce financial leverage by compressing existing financial business scales and optimizing credit structures to lower the debt-to-asset ratio[152]. - Cost control measures will be implemented to manage procurement and operational costs while enhancing product quality stability[152]. Governance and Compliance - The company has established a robust internal control system to ensure compliance with regulatory requirements and enhance operational integrity[159]. - The company maintains complete independence from its largest shareholder, ensuring separate management of personnel, assets, finance, organization, and business operations[167]. - The governance mechanisms will be continuously improved to ensure compliance and protect shareholder interests[152]. - The company emphasizes the importance of investor relations and timely information disclosure to safeguard the rights of minority shareholders[153]. Future Outlook - The company plans to solidify its traditional manufacturing strengths in "motorcycle engines" and "general machinery" while advancing its three major business areas: aviation power, high-end components, and new energy[152]. - New product launches are expected to contribute an additional 300 million CNY in revenue in 2022, focusing on electric motorcycle technology[191]. - The company aims for a net profit margin of 12% for the upcoming fiscal year, up from 10% in 2021[191]. - The management has set a target of increasing operational efficiency by 15% through process optimization initiatives[191].

证券代码：001696 证券简称：宗申动力 公告编号：2021-51 重庆宗申动力机械股份有限公司 关于参加重庆辖区上市公司 2021 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公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 为推动辖区上市公司做好投资者关系管理工作，促进上市公司完善治理，进 一步提高上市公司质量，在重庆证监局指导下，重庆上市公司协会联合上证所信 息网络有限公司、深圳市全景网络有限公司举办"重庆辖区上市公司2021年投资 者网上集体接待日活动"。活动于2021年11月25日（星期四）下午15:00-17:00 举行，投资者可以登录"全景·路演天下"（http://rs.p5w.net）进入本公司 互动平台参与交流。 届时，公司高级管理人员将参加本次活动，通过网络在线交流形式，就公司 治理、发展战略、经营状况、可持续发展等投资者所关心的问题，与投资者进行 "一对多"形式的沟通与交流。欢迎广大投资者踊跃参与。 特此公告。 重庆宗申动力机械股份有限公司 董事会 2021 年 11 月 23 日 1 / 1 ...

Revenue and Profit - Revenue for Q3 2021 reached ¥2,259,009,298.86, an increase of 8.19% year-over-year, while year-to-date revenue totaled ¥6,884,829,419.91, up 25.51% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2021 was ¥119,670,613.94, a decrease of 28.16% year-over-year, with year-to-date net profit at ¥375,075,975.44, down 25.36% compared to the previous year[4] - The basic earnings per share for Q3 2021 was ¥0.1045, reflecting a decline of 28.18% year-over-year, while year-to-date earnings per share was ¥0.3276, down 25.36%[4] - The total operating profit for the current period is 449,249,634.04, a decrease of 25.8% compared to 605,522,859.73 in the previous period[29] - The net profit attributable to the parent company is 375,075,975.44, down from 502,516,552.20, representing a decline of 25.3%[29] - The total comprehensive income attributable to the parent company is 496,212,615.69, reflecting a significant decrease compared to the previous period[32] Cash Flow - Cash flow from operating activities for the year-to-date period was ¥164,719,882.26, down 67.63% compared to the same period last year[4] - The net cash flow from operating activities decreased by 67.63% to ¥16,471.99 million, primarily due to increased payments for bulk raw materials and accounts receivable from revenue not yet settled[15] - Cash inflows from operating activities amount to 6,716,426,591.51, an increase of 29.3% from 5,190,483,355.89 in the previous period[33] - Cash outflows from operating activities total 6,551,706,709.25, up from 4,681,659,057.52, indicating a rise of 39.9%[36] - The net cash flow from operating activities is 164,719,882.26, a decrease of 67.7% compared to 508,824,298.37 in the previous period[36] - The net cash flow from investing activities significantly dropped by 409.20% to -¥47,250.24 million, mainly due to increased investments in bank financial products and fixed asset acquisitions[15] - The net cash flow from financing activities decreased by 32.16% to -¥47,344.66 million, primarily due to a reduction in the scale of note financing[15] - The net increase in cash and cash equivalents was -¥73,163.19 million, a decrease of 1466.45%, attributed to reduced net cash flows from both investing and operating activities[15] - The ending cash and cash equivalents balance is 1,068,426,187.81, down from 1,442,674,586.57 in the previous period[36] Assets and Liabilities - Total assets at the end of Q3 2021 were ¥9,660,501,240.72, a decrease of 0.53% from the end of the previous year[4] - Total current assets increased slightly to CNY 5,501,678,246.26 from CNY 5,448,375,954.11[22] - Total non-current assets decreased to CNY 4,158,822,994.46 from CNY 4,263,390,598.14[22] - Total liabilities decreased to CNY 4,680,695,749.11 from CNY 4,727,243,697.66[24] - The company's total equity stood at CNY 4,979,805,491.61, a slight decrease from CNY 4,984,522,854.59[26] - Short-term borrowings decreased to CNY 789,655,980.64 from CNY 846,798,669.30[24] Shareholder Information - The total number of common shareholders at the end of the reporting period was 79,086, with the top ten shareholders holding significant stakes[16] - Chongqing Zongshen High-speed Boat Development Co., Ltd. held 20.10% of shares, amounting to 230,192,114 shares, with 131,200,000 shares pledged[16] - Tibet Guolong Industrial Co., Ltd. owned 18.11% of shares, totaling 207,384,700 shares, also with pledged shares[16] Expenses and Investments - The company experienced a 32.85% increase in operating costs, totaling ¥602,868.54 million, attributed to business growth in the motorcycle engine sector[11] - Research and development expenses increased to CNY 143,429,760.48 from CNY 125,216,470.13 year-over-year[27] - The company reported a net investment income of CNY 70,640,469.64, compared to CNY 45,023,299.61 in the previous period[27] - The income tax expense for the period was ¥4,117.09 million, a decrease of 39.17% due to a reduction in total profit[14] Financial Position Changes - The company's cash and cash equivalents as of September 30, 2021, were ¥1,176,915,657.65, down from ¥1,879,681,882.04 as of December 31, 2020[19] - Trading financial assets increased to ¥303,086,336.54 from ¥56,631,163.40 year-over-year[19] - The company reported a foreign exchange loss of -4,443,217.44 in the current period[32] Audit Status - The report for the third quarter of 2021 was not audited[49]

重庆宗申动力机械股份有限公司 2021 年半年度报告全文 重庆宗申动力机械股份有限公司 2021 年半年度报告 1 2021 年 08 月 重庆宗申动力机械股份有限公司 2021 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。 公司负责人左宗申、黄培国、主管会计工作负责人刘源洪及会计机构负责 人(会计主管人员)夏丹声明：保证本半年度报告中财务报告的真实、准确、完 整。 所有董事均已出席了审议本报告的董事会会议。 公司已在本报告中第三节"管理层讨论与分析"中对公司主营业务情况以 及可能面对的宏观经济变化风险等方面进行了说明。本报告中涉及公司未来经 营计划和前瞻性陈述，并不构成公司对未来年度的盈利预测及对投资者的实质 承诺，敬请投资者注意投资风险。 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 重庆宗申动力机械股份有限公司 2021 年半年度报告全文 第一节 重要提示、目录和释义 . 目录 | --- | --- | --- | |-------| ...

重庆宗申动力机械股份有限公司 2021 年第一季度报告全文 重庆宗申动力机械股份有限公司 2021 年第一季度报告 2021 年 04 月 1 重庆宗申动力机械股份有限公司 2021 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。 公司负责人左宗申先生、黄培国先生、主管会计工作负责人刘源洪先生及 会计机构负责人(会计主管人员)夏丹女士声明：保证季度报告中财务报表的真 实、准确、完整。 2 重庆宗申动力机械股份有限公司 2021 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 | --- | --- | --- | --- | |-----------------------------------------------------|-----------------------------|-----------------------------|---- ...

Financial Performance - The company's operating revenue for 2020 was ¥7,630,172,704.46, representing a 36.40% increase compared to ¥5,593,877,444.12 in 2019[21]. - The net profit attributable to shareholders for 2020 was ¥587,732,615.28, up 39.28% from ¥421,972,040.96 in the previous year[21]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥421,908,538.56, a 9.98% increase from ¥383,609,019.04 in 2019[21]. - The basic earnings per share for 2020 was ¥0.5133, reflecting a 39.29% increase from ¥0.3685 in 2019[21]. - The weighted average return on equity for 2020 was 13.58%, an increase of 3.48 percentage points compared to 10.10% in 2019[21]. - The net cash flow from operating activities for 2020 was ¥655,185,159.98, a decrease of 16.81% from ¥787,579,251.92 in 2019[21]. - The company achieved a total revenue of 7.63 billion yuan in 2020, an increase of 36.40% compared to the previous year[43]. - The net profit attributable to shareholders was 588 million yuan, up 39.28% year-on-year[43]. - The company reported total assets of 9.71 billion yuan, a 15.49% increase from 8.41 billion yuan in the previous year[24]. - The net assets attributable to shareholders increased by 5.52% to 4.50 billion yuan[24]. Revenue Breakdown - The motorcycle engine business sold 2.88 million units, generating total revenue of 2.91 billion yuan, a 13.92% increase year-on-year[45]. - In 2020, the company achieved total sales of 4.704 million units in general power and terminal products, representing a year-on-year increase of 70.27%[48]. - The total operating revenue for 2020 reached 4.13 billion yuan, an increase of 68.65% compared to the previous year, with a net profit of 282 million yuan, up 71.78%[48]. - The mechanical manufacturing sector contributed 7.49 billion yuan, accounting for 98.14% of total revenue, with a year-on-year growth of 41.60%[54]. - The company’s engine products generated 2.90 billion yuan in revenue, representing 38.06% of total revenue, with a growth of 13.81%[54]. - The company’s general machinery products saw revenue of 4.13 billion yuan, which is 54.08% of total revenue, marking a significant increase of 69.06%[54]. - The company’s subsidiary in the aviation power sector achieved an operating revenue of 44.17 million yuan, a year-on-year increase of 116.49%[49]. Research and Development - The company continues to focus on the research and development of various engines and components, as well as expanding its market presence[19]. - The company’s R&D efforts have been directed towards high-displacement products, enhancing its competitive edge in the market[45]. - The company has made significant progress in new product development, including multi-fuel and electric power products, which have begun mass production[48]. - The company is focusing on transitioning from fuel power to electric and hybrid power, aiming to establish new profit growth points through its "oil-to-electric" strategy[50]. - The company plans to enhance R&D efforts for mid-to-large displacement motorcycle engines and improve production line automation to reduce costs and improve product quality[134]. Cost and Expenses - The total operating costs for 2020 amounted to ¥6,406,515,549.41, representing a 46.73% increase compared to ¥4,579,262,347.49 in 2019[64]. - Raw material costs were ¥6,018,272,085.48, accounting for 93.94% of total operating costs, with a year-on-year increase of 46.87%[60]. - Labor costs increased by 53.40% to ¥283,280,584.54, making up 4.42% of total operating costs[60]. - The depreciation expense was ¥47,620,806.74, representing 0.74% of total operating costs, with a year-on-year increase of 19.77%[60]. - Energy consumption costs rose by 42.51% to ¥23,016,306.64, accounting for 0.36% of total operating costs[60]. Strategic Initiatives - The company has undergone significant changes in its main business since its establishment, shifting from construction materials to engine manufacturing and related products[19]. - The company has focused on expanding into new markets, particularly in "aviation power, new energy, and high-end components" sectors[37]. - The company plans to continue its market expansion and product development strategies, focusing on enhancing its technological capabilities and service networks[106][107]. - The company plans to expand its business from motorcycle after-sales service to automotive after-sales service, reflecting a strategic shift in response to market trends[116]. - The company has adjusted its investment strategy to focus on the financial and internet sectors within the automotive aftermarket[116]. Cash Dividends and Shareholder Returns - The company plans to distribute a cash dividend of ¥3.00 per 10 shares, totaling ¥343,508,076.00[6]. - The cash dividend for the 2020 fiscal year is also set at RMB 0.30 per share, maintaining the same distribution policy as the previous year[151]. - The total cash dividend amount for 2020 is RMB 343,508,076, which represents 100% of the distributable profit[156]. - The company has maintained a cash dividend payout ratio of 40% or more in accordance with regulatory requirements during its mature development stage[156]. Investments and Acquisitions - The company made a significant equity investment of ¥142,500,000.00 in Chongqing Dajiang Power Equipment Manufacturing Co., holding a 100% stake[88]. - The company’s investment in Chongqing Zongshen New Energy Development Co., Ltd. amounted to ¥6,530,000.00, with a 56% ownership stake[91]. - The company has fully utilized the raised funds as of December 31, 2020[110]. - The company aims to enhance its competitive advantage and core competitiveness through the acquisition of Chongqing Dajiang Power Equipment, which will become a wholly-owned subsidiary[120]. Compliance and Governance - The company is committed to maintaining compliance and governance standards to protect shareholder interests and ensure sustainable growth[140]. - The company has not experienced any non-operating fund occupation by controlling shareholders or related parties during the reporting period[166]. - The company has not disclosed any undisclosed significant information during investor interactions[144]. - The company emphasizes the importance of investor relations management and timely information disclosure to protect the interests of minority investors[146].