证券代码：002111 证券简称：威海广泰 公告编号：2023-054 威海广泰空港设备股份有限公司 2023年第三次临时股东大会决议公告 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。 重要提示 1、本次股东大会无否决提案的情况； 2、本次股东大会未涉及变更以往股东大会已通过的决议。 一、会议召开情况 1、会议召开时间：2023 年 8 月 8 日（星期二）下午 14:30 网络投票时间为：2023 年 8 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：2023 年 8 月 8 日上午 9:15—9:25，9:30-11:30，下午 13:00-15:00；通过深圳证券交易所互联网投票系统进行网络投票的具体时间为 2023 年 8 月 8 日上午 9:15 至下午 15:00 的任意时间。 2、会议召开地点：山东省威海市环翠区黄河街 16 号威海广泰空港设备股份 有限公司三楼会议室 3、会议召开方式：本次股东大会采用现场表决与网络投票相结合的方式召开。 4、会议召集人：公司董事会。 5、现场会议主持人：董事长李文轩先生。 6、会议召 ...

证券代码：002111 证券简称：威海广泰 公告编号：2023-055 威海广泰空港设备股份有限公司 本次公司回购注销部分限制性股票将涉及公司股本及注册资本减少，根据《中 华人民共和国公司法》等相关法律、法规的规定，公司特此通知债权人，债权人自 本公告之日起 45 日内，有权要求本公司清偿债务或者提供相应的担保。债权人未在 规定期限内行使上述权利的，本次回购注销将按法定程序继续实施。 公司各债权人如要求本公司清偿债务或提供相应担保的，应根据《中华人民共 和国公司法》等法律、法规的有关规定向公司提出书面要求，并随附有关证明文件。 关于回购注销部分限制性股票减资 暨通知债权人的公告 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。 威海广泰空港设备股份有限公司（以下简称"公司"）分别于 2023 年 7 月 21 日、 2023 年 8 月 8 日召开第七届董事会第十六次会议和 2023 年第三次临时股东大会，审 议通过了《关于回购注销部分限制性股票的议案》。首次激励对象中有 3 位激励对 象已离职，根据公司《2020 年限制性股票激励计划（草案）》的相关规定，上述 ...

北京市华堂律师事务所 关于威海广泰空港设备股份有限公司 2023 年第三次临时股东大会 之 法律意见书 北京市华堂律师事务所 Beijing Huatang Law Firm 地址：北京市西城区阜成门外大街 11 号国宾酒店写字楼三层 邮政编码：100037 关于威海广泰空港设备股份有限公司 2023 年第三次临时股东大会之法律意见书 北京市华堂律师事务所 为出具本法律意见书，本所律师已经按照《股东大会规则》的要求，审查了 公司提供的召开本次股东大会的有关文件的原件或复印件，包括但不限于公司召 开本次股东大会的公告，本次股东大会的各项议程及相关决议等文件，同时听取 了公司就有关事实的陈述和说明。 本所律师根据相关法律、法规和规范性文件的要求，按照律师行业公认的业 务标准、道德规范和勤勉尽责精神，出具法律意见书如下： 一、关于本次股东大会的召集、召开程序 关于威海广泰空港设备股份有限公司 2023年第三次临时股东大会之法律意见书 致：威海广泰空港设备股份有限公司 北京市华堂律师事务所（以下简称"本所"）接受威海广泰空港设备股份有 限公司（以下简称"公司"）之委托，指派本所孙广亮律师、刘君律师出席公司 2023 ...

Financial Performance - The company's operating revenue for 2020 was CNY 2,964,983,883.49, representing a 16.21% increase compared to CNY 2,551,437,384.89 in 2019[15] - The net profit attributable to shareholders for 2020 was CNY 382,858,952.10, up 15.42% from CNY 331,698,794.49 in 2019[15] - The net cash flow from operating activities increased by 28.66% to CNY 784,189,271.09 in 2020, compared to CNY 609,505,710.92 in 2019[15] - The basic earnings per share for 2020 was CNY 1.01, a 14.77% increase from CNY 0.88 in 2019[15] - Total assets at the end of 2020 reached CNY 5,690,524,472.36, an 18.15% increase from CNY 4,816,224,989.54 at the end of 2019[15] - The net assets attributable to shareholders increased by 10.41% to CNY 3,225,877,629.45 at the end of 2020, compared to CNY 2,921,599,943.99 at the end of 2019[15] - The company reported a 45.60% increase in net profit after deducting non-recurring gains and losses, reaching CNY 368,759,792.15 in 2020[15] - The weighted average return on equity for 2020 was 12.49%, an increase from 11.73% in 2019[15] Dividend Distribution - The company plans to distribute a cash dividend of CNY 4 per 10 shares (including tax) to all shareholders[4] - The company achieved a cash dividend of RMB 152,219,433.60 for the year 2020, representing 39.76% of the net profit attributable to ordinary shareholders[145] - The cash dividend for 2019 was RMB 101,268,517.68, which accounted for 30.53% of the net profit attributable to ordinary shareholders[145] - The company plans to distribute a cash dividend of RMB 4 per 10 shares and to increase capital by 4 shares per 10 shares from capital reserves in the upcoming distribution plan[146] - The total number of shares for the 2020 dividend distribution is based on 380,548,584 shares after deducting shares held in the repurchase account[146] Market and Industry Trends - In 2020, China's airport passenger throughput was 857.16 million, a decrease of 36.6% compared to the previous year, while aircraft takeoffs and landings dropped by 22.4% to 9.05 million[33] - The domestic aviation industry showed signs of recovery, with passenger numbers in December 2020 reaching 90% of the same month in 2019, indicating a potential full recovery as global pandemic trends improve[33] - The demand for mobile medical equipment is expected to grow significantly, with the home oxygen machine market projected to increase by 20%-30% annually, potentially reaching a demand of 3.4 million units by 2022[39] - The Chinese firefighting industry market size exceeded 350 billion RMB in 2019, projected to reach 446.5 billion RMB by 2022, with firefighting products accounting for approximately 25% of this market[34] - The company anticipates significant growth in the air transport industry, with projections indicating that by 2035, China's passenger transport volume will reach 1.6 billion, accounting for one-quarter of global air transport[111] Product Development and Innovation - The company aims to develop into a high-end equipment manufacturing platform, integrating airport equipment, firefighting equipment, military equipment, drones, mobile medical equipment, and power electronics[24] - The company has developed a comprehensive range of mobile medical equipment, including mobile CT vehicles and 5G stroke units, enhancing its market position[31] - The company has developed over 100 series and thousands of models of high-end support equipment, establishing a mature intelligent manufacturing platform over 30 years[41] - The company has successfully completed the research and development of a full range of electric airport equipment, enhancing its market competitiveness[60] - The company is focusing on the development of electric airport equipment, aligning with national carbon neutrality goals and the global shift towards renewable energy products[113] Research and Development - The company has 305 technical R&D personnel, representing 14% of its total workforce, ensuring a strong foundation for innovation and product development[42] - Research and development expenses increased by 36.51% to CNY 157,421,863.10 in 2020, up from CNY 115,321,538.27 in 2019, representing 5.31% of operating revenue[88] - The company will enhance its research and development efforts in new products, particularly in the electric power electronics sector, to regain rapid growth momentum[130] Risks and Challenges - The company faces risks including uncertainties related to the pandemic, macroeconomic developments, and intensified industry competition[4] - The company is closely monitoring global pandemic trends and macroeconomic conditions to adapt its market strategies accordingly, expecting minimal impact on its main business[131] Corporate Governance and Shareholder Rights - The company emphasizes the protection of shareholder rights, particularly for minority shareholders, and has improved its corporate governance structure[181] - The company has not experienced any violations of commitments made by controlling shareholders or related parties during the reporting period[149] - The company has confirmed that there are no non-operating fund occupations by controlling shareholders or related parties during the reporting period[150] Environmental Responsibility - The company is classified as a key pollutant discharge unit by environmental protection authorities[190] - The company’s production facilities have maintained compliance with air pollutant discharge standards, with particulate matter emissions at 2.3 mg/m3 and VOCs at 1.80 mg/m3[191] - The company has invested significantly in environmental protection measures, ensuring that all wastewater is treated and solid waste is handled by qualified entities[191] Social Responsibility - The company donated a total of 4.84 million RMB during the reporting period, including support for schools and aid for employees in need[188] - The company contributed 300,000 RMB to the Weihai Charity Federation specifically for COVID-19 prevention efforts[188] - The mobile P2+ laboratory completed testing of 1,000 throat swab samples during the pandemic, receiving high praise from local health authorities[188]

Financial Performance - The company's operating revenue for 2021 was ¥3,079,120,703.07, an increase of 3.85% compared to ¥2,964,983,883.49 in 2020[22]. - The net profit attributable to shareholders decreased by 86.62% to ¥51,233,291.42 from ¥382,858,952.10 in 2020[22]. - The net cash flow from operating activities was negative at -¥292,353,592.93, a decline of 137.28% compared to ¥784,189,271.09 in 2020[22]. - The basic earnings per share dropped by 87.50% to ¥0.09 from ¥0.72 in 2020[22]. - Total assets at the end of 2021 were ¥5,289,833,294.75, a decrease of 7.04% from ¥5,690,524,472.36 at the end of 2020[22]. - The company achieved a total sales revenue of 3.079 billion yuan in 2021, representing a year-on-year growth of 3.85%[63]. - The net profit attributable to shareholders of the parent company was 51 million yuan, with a growth of 3.11% after excluding goodwill impairment of 344 million yuan[63]. - The total operating revenue for 2021 was ¥3,079,120,703.07, representing a year-on-year increase of 3.85% compared to ¥2,964,983,883.49 in 2020[72]. Dividend and Shareholder Returns - The company plans to distribute a cash dividend of 3.00 yuan per 10 shares to all shareholders, based on a total of 534,558,505 shares[5]. - The company distributed a cash dividend of 4 CNY per 10 shares (including tax) and increased capital by 4 shares per 10 shares from capital reserves, resulting in a total cash dividend of 152,731,001.6 CNY and a capital increase of 152,731,001 shares, bringing the total share capital to 534,558,505 shares[173]. - The total cash dividend amount of 160,367,551.50 CNY represents 100% of the total distributable profit of 895,918,469.26 CNY[175]. Business Operations and Strategy - The company has not reported any changes in its main business operations since its listing[21]. - The company is positioned to develop six major industry sectors, including airport equipment and emergency rescue equipment, indicating a focus on diversification and innovation[32]. - The company plans to optimize its business segments and enhance core competitiveness as part of its strategic planning for sustainable development[77]. - The company aims to enhance innovation and expand domestic and international markets during the growth period from 2023 to 2025[115]. - The company is focusing on expanding its product series, including the development of a mobile medical vehicle for rapid COVID-19 testing[90]. - The company aims to achieve a market share exceeding 70% in the general airport equipment sector, aligning with the national development plan[127]. Market Trends and Opportunities - The civil aviation industry in China is in a recovery phase, with a 5.5% increase in passenger transport volume in 2021, suggesting potential growth opportunities for the company[33]. - The global air cargo demand increased by 6.9% in 2021 compared to 2019 and by 18.7% compared to 2020, indicating a strong recovery in the aviation industry post-pandemic[35]. - The fire safety equipment industry in China is expected to grow at a rate of 15% to 20% over the next decade due to increasing urbanization and fire safety demands[37]. - The emergency rescue industry in China could see an annual growth rate of around 20% if supportive policies are implemented, reflecting significant development potential[37]. - The mobile medical equipment market in China reached a scale of 54.47 billion yuan in 2020, with a user base of 661 million people[123]. - The demand for mobile medical equipment has surged due to the ongoing pandemic, indicating a significant market expansion opportunity[132]. Research and Development - The company has a strong R&D team of 327 personnel, accounting for 14.69% of total employees, with expertise across various engineering disciplines, enhancing its innovation capabilities[52]. - The company completed the research and development of 67 new products and applied for 112 patents, with 6 products being industry firsts[64]. - The company has developed a new type of drone that successfully completed its first full-system flight verification, featuring high-altitude, high-subsonic, and high-maneuverability capabilities, indicating a broad market potential[48]. - The company is investing heavily in R&D, allocating 10% of its revenue towards developing new technologies and enhancing existing products[153]. Risks and Challenges - The company acknowledges risks including uncertainties from the pandemic, macroeconomic developments, intensified industry competition, and challenges in expanding international business[5]. - The aviation industry is significantly affected by macroeconomic conditions, impacting passenger and cargo demand, which in turn affects the airport ground equipment market[135]. - Increased competition in the industry is leading to price reductions, putting pressure on product gross margins[135]. Governance and Management - The company maintains a fully independent operational structure, ensuring no interference from the controlling shareholder[141]. - The company has an independent financial department and accounting system, ensuring financial autonomy[142]. - The governance structure complies with relevant regulations, ensuring no significant discrepancies with regulatory requirements[140]. - The company has experienced changes in its board members, with independent directors being elected and some completing their terms[146]. - The company has implemented capital reserve transfers to increase shareholdings among its directors[145]. Environmental Responsibility - The company has invested significantly in environmental protection, ensuring compliance with local regulations and maintaining effective pollution control measures[197]. - The company reported no environmental pollution incidents during the reporting period[197]. - The company is committed to smart and electric airport equipment development, aligning with national strategies for environmental protection and aviation industry advancement[200]. Employee and Management Compensation - The total remuneration for directors, supervisors, and senior management amounted to 8.6044 million yuan[160]. - The company has implemented various compensation policies, including performance management and incentive schemes for employees[171]. - The performance evaluation mechanism for senior management includes a scoring system where a score of 80 or above results in full release of restricted shares[187].

证券代码：002111 证券简称：威海广泰 威海广泰空港设备股份有限公司 投资者关系活动记录表 编号：2023-004 | | □特定对象调研 □分析师会议 | | --- | --- | | 投资者关系活动 | □媒体采访 ☑业绩说明会 | | 类别 | □新闻发布会 □路演活动 | | | □现场参观 | | | □其他 | | 参与单位名称及 | 投资者网上提问 | | 人员姓名 | | | 时间 | 2023 年 5 月 16 日 15:00-17:00 | | 地点 | 公司通过全景网"投资者关系互动平台"（https://ir.p5w.net）采用网络 | | | 远程的方式召开业绩说明会 | | | 1、董事长、总经理 李文轩 | | 上市公司接待人 | 2、副总经理、董事会秘书 罗丰 | | 员姓名 | 3、财务负责人 李波 | | | 4、独立董事 焦兴旺 投资者提出的问题及公司回复情况 | | | 公司就投资者在本次说明会中提出的问题进行了回复： | | | 1、尊敬的董事长，贵司的长远规划是什么？ | | 投资者关系活动 | 尊敬的投资者，您好。公司在坚守高端智能装备制造业的前提下， | ...

Market Demand and Growth Potential - The international market demand for airport equipment is recovering first, with overseas orders exceeding company expectations [1] - Domestic market recovery is driven by the acceleration of civil aviation transport and ongoing infrastructure investments, alongside new procurement needs and delayed orders from previous years [1] - The overall market for airport equipment is expected to improve significantly due to leading technology, excellent product performance, and strong market demand [1] Production and Delivery - The production cycle for airport equipment ranges from 3 to 9 months, while fire truck production takes 4 to 12 months, with specific delivery times defined by contracts [2] - The company adopts a "small batch, multiple varieties" production model, requiring customized production based on diverse customer needs [2] Market Share and International Expansion - The airport equipment segment is the company's most mature sector, leading in domestic market share but still in the early stages globally, particularly in the new energy sector [2] - The company has successfully developed passenger boarding bridges, completing its range of airport ground equipment, indicating significant future market potential [2] - The company aims to enhance international market share through various channels, including direct sales, agency partnerships, and collaborations with international peers [2] Military and Civilian Orders - Orders from military clients exhibit batch and phase fluctuations, influenced by strategic deployments and equipment support plans, leading to variability in sales amounts [2] Future Development Outlook - The company is committed to high-end intelligent equipment manufacturing, focusing on airport equipment, emergency rescue equipment, and military equipment [3] - In the emergency rescue equipment sector, demand is rapidly increasing as government attention to public safety grows, with the company positioned as a representative player in the domestic market [3] - The company plans to increase production capacity and expand its range of high-end products to enhance profitability [3]

证券代码：002111 证券简称：威海广泰 公告编号：2023-035 威海广泰空港设备股份有限公司 关于召开2022年度业绩网上说明会的公告 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。 威海广泰空港设备股份有限公司（以下简称"公司"）已于2023年4月11日在巨 潮资讯网（http://www.cninfo.com.cn/）上披露了《2022年年度报告》。为便于广大 投资者深入了解公司情况，公司定于2023年5月16日（星期二）15:00-17:00在全景 网举办2022年度业绩网上说明会，本次年度业绩说明会将采用网络远程的方式举 行，投资者可登录全景网"投资者关系互动平台"（http://ir.p5w.net）参与本次年度 业绩网上说明会。 出席本次说明会的人员有：董事长、总经理李文轩先生，独立董事焦兴旺先 生，副总经理、董事会秘书罗丰先生，财务负责人李波先生。 欢迎广大投资者积极参与本次网上说明会。 特此公告。 威海广泰空港设备股份有限公司董事会 2023年5月9日 为充分尊重投资者、提升交流针对性，现就公司2022年度业绩网上说明会提 前向投资者公 ...

Financial Performance - The company's operating revenue for Q1 2023 was ¥473,446,073.41, a decrease of 13.49% compared to ¥547,303,508.00 in the same period last year[4] - Net profit attributable to shareholders was ¥30,598,111.63, down 51.34% from ¥62,886,809.31 year-on-year[4] - The company's basic earnings per share decreased by 50.00% to ¥0.06 from ¥0.12 in the same period last year[4] - Net profit for Q1 2023 was ¥30.36 million, a decline of 51.0% from ¥61.99 million in Q1 2022[24] - The total comprehensive income attributable to the parent company was CNY 29,274,961.63, a decrease of 53.2% compared to CNY 62,490,362.89 in the previous period[25] Cash Flow - The net cash flow from operating activities was -¥186,384,901.43, a decline of 290.06% compared to ¥98,065,060.65 in the previous year[4] - Cash inflow from operating activities totaled CNY 544,499,285.12, down 31.9% from CNY 800,202,231.24[26] - Cash outflow from operating activities increased to CNY 730,884,186.55, up 4.1% from CNY 702,137,170.59[26] - Net cash flow from financing activities was CNY 228,283,117.57, compared to a negative CNY -94,570,874.76 in the previous period[27] Assets and Liabilities - Total assets at the end of Q1 2023 increased by 4.28% to ¥5,646,533,551.05 from ¥5,414,780,644.42 at the end of the previous year[5] - Current liabilities rose to ¥2.29 billion in Q1 2023, compared to ¥2.13 billion in Q1 2022, marking an increase of 7.7%[21] - Non-current liabilities increased to ¥258.56 million in Q1 2023, up from ¥222.50 million in Q1 2022, representing a growth of 16.2%[21] - The company's cash and cash equivalents totaled ¥3.98 billion in Q1 2023, compared to ¥3.74 billion in Q1 2022, indicating a rise of 6.4%[21] Operational Changes - The company expects overall revenue to steadily grow throughout the year as market conditions improve[9] - Financial expenses increased by 362.66% to ¥8,855,005.63 due to an increase in financing scale[11] - The company reported a significant increase in government subsidies, contributing to a 173.67% rise in other income to ¥7,877,710.93[11] - Long-term borrowings increased by 234.88% to ¥57,111,603.08 as the company optimized its debt structure[11] - The company is undergoing an intelligent transformation project at the Yangting base to enhance competitiveness in the emergency rescue market[16] Inventory and Receivables - Accounts receivable increased to RMB 1.58 billion from RMB 1.52 billion, reflecting a growth of about 3.7%[19] - Inventory levels rose to RMB 1.43 billion, up from RMB 1.26 billion, indicating an increase of approximately 13.3%[19] - The company’s prepayments increased to RMB 231.31 million from RMB 194.69 million, marking a rise of approximately 18.7%[19] - The company’s other receivables decreased slightly to RMB 107.24 million from RMB 114.57 million, a decline of about 6.4%[19] Financing Activities - The company plans to raise up to RMB 700 million through the issuance of convertible bonds to fund the construction of an emergency rescue equipment production base and to supplement working capital[16] - The company received a notice from the Shenzhen Stock Exchange acknowledging the acceptance of its application for issuing convertible bonds[16] - The company is currently responding to inquiries from the Shenzhen Stock Exchange regarding its bond issuance application[17] Research and Development - Research and development expenses for Q1 2023 were ¥32.62 million, a decrease of 7.4% from ¥35.21 million in Q1 2022[24] Audit Status - The first quarter report was not audited[28]

Financial Performance - The company's operating revenue for 2022 was CNY 2,345,896,253, a decrease of 27.62% compared to CNY 3,240,928,120 in 2021[25]. - The net profit attributable to shareholders for 2022 was CNY 240,050,874.66, an increase of 275.35% from CNY 63,953,623.75 in 2021[25]. - Basic earnings per share for 2022 were CNY 0.45, up 275.00% from CNY 0.12 in 2021[25]. - The total operating revenue for 2022 was ¥2,345.90 million, a decrease of 27.62% compared to ¥3,240.93 million in 2021[81]. - The revenue from airport equipment was ¥1,207.22 million, accounting for 51.46% of total revenue, down 32.14% from ¥1,779.00 million in 2021[81]. - The revenue from firefighting and rescue equipment was ¥951.96 million, representing 40.58% of total revenue, a decrease of 20.41% from ¥1,196.05 million in 2021[81]. - In 2022, the company's sales revenue was CNY 2.346 billion, a year-on-year decrease of 27.62%, while the net profit attributable to shareholders was CNY 240 million, a year-on-year increase of 275.35%[73]. - The company's total revenue for 2022 was approximately 2.28 billion yuan, a decrease of 27.32% compared to the previous year[84]. Dividend and Shareholder Information - The company plans to distribute a cash dividend of 1.8 RMB per 10 shares to all shareholders, based on a total of 529,815,565 shares[5]. - The company distributed cash dividends of 1.8 yuan per 10 shares, totaling 95,366,801.70 yuan, with a cash dividend payout ratio of 100%[190]. - The total distributable profit for the period was 793,926,528.98 yuan[190]. - The company has a three-year shareholder dividend return plan from 2022 to 2024[156]. Risks and Challenges - The company acknowledges risks including uncertainties in domestic and international macroeconomic development, increasing industry competition, and challenges in expanding international business[4]. - The company emphasizes the importance of investor awareness regarding investment risks related to future development plans and performance forecasts[4]. - The company faces macroeconomic risks that could impact demand in the aviation and ground equipment markets, necessitating proactive market strategies[149]. - The company is addressing risks from intensified market competition by enhancing marketing efforts and improving operational quality through comprehensive management practices[149]. Business Operations and Market Position - The company operates in the high-end intelligent equipment manufacturing industry, focusing on airport equipment, emergency rescue equipment, and military equipment[36]. - The company has maintained a strong position in the airport equipment sector, covering all necessary ground equipment for aircraft operations[36]. - The company has a leading domestic market share in airport equipment, with over 50% for some key products, and has completed the electrification of its entire range of airport equipment[49]. - The company is the largest supplier of airport ground equipment in China, benefiting from a stable customer base and high brand recognition in the industry[71]. - The company has established partnerships with over ten military research institutes and universities to support the development of military logistics equipment[59]. Research and Development - The company emphasizes a culture of innovation, with 11.44% of its workforce dedicated to R&D, enhancing its competitive edge in the market[62]. - Research and development expenses were 166.92 million yuan, down 17.81% from the previous year due to adjustments based on market conditions[94]. - The company is committed to maintaining its technological leadership in military drone equipment, optimizing existing products, and accelerating the development of new drones[148]. - The company is actively developing new technologies, including a large-load long-endurance multi-rotor drone, which has completed its first flight[79]. Strategic Initiatives and Future Plans - The company aims to enhance its market position by focusing on high-end intelligent equipment manufacturing and digital transformation[61]. - The company aims to expand its product line with new offerings such as a mobile DSA surgical unit and a smart fire rescue robot, addressing diverse market needs[95]. - The company is focusing on the development of key technologies and domestic substitution of core components to accelerate product updates[140]. - The company aims to enhance its market share and brand influence by promoting innovative products such as electric de-icing systems and electric air conditioning vehicles[140]. Governance and Management - The company has maintained a stable management structure with no significant changes in shareholding among key executives during the reporting period[160]. - The company’s governance structure aligns with legal and regulatory requirements without significant discrepancies[156]. - The board of directors held a total of 10 meetings during the reporting period, with all resolutions passed unanimously[178]. - The company has a structured decision-making process for determining executive compensation[176]. Market Trends and Industry Outlook - The global airline industry is projected to see a revenue increase of 43.6% in 2022, reaching $727 billion, with net losses expected to be $6.9 billion, a substantial improvement from $42 billion in 2021[38]. - The demand for fire rescue equipment is expected to grow due to increased public awareness and government investment in fire safety, with significant market opportunities arising from the retirement and replacement of existing fire trucks[131]. - The national defense budget for 2023 is set at CNY 1,553.7 billion, reflecting a 7.2% increase, which is the highest growth rate in four years, providing strong support for military orders[137]. - The mobile medical equipment segment has established market advantages, with a focus on strategic partnerships to develop comprehensive solutions and enhance market competitiveness[145].