Financial Performance - The company's operating revenue for 2015 was CNY 2,537,757,244.85, representing a 17.28% increase compared to CNY 2,163,887,121.96 in 2014[19] - The net profit attributable to shareholders for 2015 was CNY 118,418,826.57, a significant increase of 453.43% from CNY 21,397,299.17 in 2014[19] - The net cash flow from operating activities reached CNY 208,641,563.11, up 71.16% from CNY 121,901,789.06 in the previous year[19] - In 2015, the company achieved a consolidated revenue of CNY 2.538 billion and a net profit of CNY 118.42 million, with a profit margin of approximately 4.67%[36] - The company’s net profit attributable to shareholders for Q2 2015 was CNY 35.56 million, marking a substantial increase compared to Q1 2015[24] - The company achieved a total operating revenue of 3 billion RMB in 2015, with a profit of 21.3 million RMB[81] - The company reported a total product output and sales volume of 150,000 tons in 2015[81] Assets and Liabilities - The total assets at the end of 2015 were CNY 4,711,704,104.50, a 65.21% increase from CNY 2,851,979,820.57 at the end of 2014[20] - The total liabilities increased to CNY 2,352,610,602.50 from CNY 1,950,148,911.86, reflecting a rise of about 21%[198] - The total equity attributable to shareholders rose significantly to CNY 2,359,093,502.00 from CNY 901,830,908.71, marking an increase of approximately 161%[199] - Current assets totaled CNY 2,016,672,048.88 at the end of the year, compared to CNY 1,330,492,810.50 at the beginning, indicating a growth of around 52%[196] - Inventory levels increased to CNY 639,565,088.60 from CNY 469,639,889.49, which is an increase of approximately 36%[196] - Accounts receivable rose to CNY 570,293,273.39 from CNY 364,668,792.97, reflecting a growth of about 56%[196] - The company reported cash and cash equivalents of CNY 346,046,403.46, up from CNY 295,448,998.21, representing an increase of approximately 17%[196] - Long-term investments increased to CNY 6,463,597.57 from CNY 4,892,915.30, showing a growth of about 32%[197] - The company’s fixed assets grew to CNY 1,263,327,780.12 from CNY 850,093,547.78, indicating an increase of approximately 48%[197] - The company’s goodwill surged to CNY 993,753,874.66 from CNY 187,409,967.25, reflecting a significant increase of around 429%[197] Shareholder and Capital Structure - The company plans to distribute a cash dividend of CNY 0.2 per 10 shares, based on a total of 724,449,941 shares[7] - The basic earnings per share for 2015 was CNY 0.200, a 233.33% increase compared to CNY 0.060 in 2014[19] - The net asset value per share attributable to ordinary shareholders increased to RMB 3.70, representing a growth of 69.72% year-on-year[130] - The company increased its registered capital by RMB 199,881,422.00 through the issuance of shares to acquire assets, resulting in a new registered capital of RMB 612,997,423.00[126] - The company raised RMB 337,329,989.04 in funds through the issuance of shares, leading to an increase in registered capital of RMB 23,248,104.00, bringing the total capital to RMB 636,245,527.00[127] - As of December 31, 2015, the total number of shares issued by the company was 638,155,527 shares, with 75,000 shares to be repurchased, resulting in a total capital of RMB 638,080,527.00[129] - The company granted 1,910,000 restricted stock units to 23 key personnel at an authorization price of RMB 5.15 per share[130] Business Strategy and Expansion - The company expanded its business into the pharmaceutical sector through the acquisition of Langmai Co., which is expected to reduce reliance on the aluminum processing business[6] - The company has established a dual main business strategy of "aluminum processing" and "healthcare," which is now incorporated into its corporate charter[36] - The company is focusing on high-value-added products, with the new stamping project at Shandong Xinyuan expected to increase order volumes gradually[29] - The company aims to enhance its marketing strategy by focusing on high-end customers and expanding into new markets, particularly overseas[44] - The company is focusing on expanding its clean business into hospitals, food, and electronics sectors through horizontal and vertical integration strategies[80] - The company is gradually entering the orthopedic medical device sector through acquisitions, positioning it as a key growth area[81] - The company plans to implement a grid layout for specialized medical services, aligning with national healthcare reform policies[81] Risks and Challenges - The company faces risks related to cyclical fluctuations in the aluminum processing industry and potential policy changes affecting its operations[6] - The company’s cash flow from operating activities showed a significant decline in Q4 2015, with a net cash outflow of CNY 280.17 million[24] Research and Development - The company's R&D investment reached ¥90,749,703.61 in 2015, an increase of 35.21% compared to the previous year[62] - The number of R&D personnel increased to 178, representing 16.38% of the total workforce, up from 16.21% in 2014[63] - The company participated in the development of 12 technology projects, including high-performance aluminum alloy composite materials for automotive heat exchangers[62] - The company successfully developed new products such as high-performance hydrophilic aluminum foil and composite sheet materials for automotive applications[62] Management and Governance - The company experienced significant changes in its management, with multiple resignations on July 23, 2015, including the vice president and several directors[154] - The company’s current management team includes experienced professionals with diverse backgrounds in engineering, finance, and management[155][156][158] - The company has a strong focus on maintaining a stable leadership structure, with several members holding their positions since 2013[155] - The independent directors bring extensive experience from various industries, enhancing the company's governance[156][158] - The company is committed to transparency in its operations, as evidenced by the detailed reporting of shareholdings and management changes[153][154] Compliance and Internal Controls - The annual financial statements for 2015 were found to comply with accounting standards, accurately reflecting the company's financial status and operating results[180] - The internal control audit report issued a standard unqualified opinion, affirming the effectiveness of internal controls related to financial reporting[188] - The audit committee confirmed that the use and storage of raised funds were legal and compliant throughout the reporting period[179]

江苏常铝铝业股份有限公司 2015 年第三季度报告正文 证券代码：002160 证券简称：常铝股份 公告编号：2015-095 江苏常铝铝业股份有限公司 2015 年第三季度报告正文 1 江苏常铝铝业股份有限公司 2015 年第三季度报告正文 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 张平 、主管会计工作负责人 计惠 及会计机构负责人(会计主 管人员) 刘常胜 声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏常铝铝业股份有限公司 2015 年第三季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 对公司根据《公开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》定义界定的非经常性损益项目，以及把《公 开发行证券的公司信息披露解释性公告第 1 号——非经常性损益》中列举的非经常性损益项目界定为经常性损益的项目，应 说明原因 □ 适用 √ 不适用 公司报告期不存在将根据《公开发行证券的公 ...

江苏常铝铝业股份有限公司 2015 年半年度报告全文 2015 年 08 月 1 江苏常铝铝业股份有限公司 2015 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。 所有董事均已出席了审议本报告的董事会会议。 公司计划不派发现金红利，不送红股，不以公积金转增股本。 公司负责人张平、主管会计工作负责人计惠及会计机构负责人(会计主管人 员)刘常胜声明：保证本半年度报告中财务报告的真实、准确、完整。 江苏常铝铝业股份有限公司 2015 年半年度报告 一、公司简介 | 股票简称 | 常铝股份 | 股票代码 | 002160 | | --- | --- | --- | --- | | 股票上市证券交易所 | 深圳证券交易所 | | | | 公司的中文名称 | 江苏常铝铝业股份有限公司 | | | | 公司的中文简称（如有） | 常铝股份 | | | | 公司的外文名称（如有） | JIANGSU ALCHA ALUMINIUM CO.，LTD. | | | | 公司的 ...

江苏常铝铝业股份有限公司 2015 年第一季度报告正文 证券代码：002160 证券简称：常铝股份 公告编号：2015-040 江苏常铝铝业股份有限公司 2015 年第一季度报告正文 1 江苏常铝铝业股份有限公司 2015 年第一季度报告正文 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。 公司负责人张平、主管会计工作负责人计惠及会计机构负责人(会计主管人 员)刘常胜声明：保证季度报告中财务报表的真实、准确、完整。 2 江苏常铝铝业股份有限公司 2015 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | 营业收入（元） | 519,888,168.28 | 518,330,809.86 | 0.30% | | ...

Financial Performance - The company's operating revenue for 2014 was CNY 2,163,887,121.96, representing a 17.80% increase compared to CNY 1,836,935,573.24 in 2013[24]. - The net profit attributable to shareholders for 2014 was CNY 21,397,299.17, a significant turnaround from a loss of CNY 59,209,126.52 in 2013, marking a 136.14% improvement[24]. - The net cash flow from operating activities reached CNY 121,901,789.06, a 346.70% increase from a negative cash flow of CNY 49,413,562.01 in the previous year[24]. - The total assets of the company at the end of 2014 were CNY 2,851,979,820.57, up 26.94% from CNY 2,246,666,307.93 at the end of 2013[24]. - The net assets attributable to shareholders increased by 70.86% to CNY 901,830,908.71 from CNY 527,817,297.74 in 2013[24]. - The basic earnings per share for 2014 were CNY 0.060, compared to a loss of CNY 0.174 per share in 2013, reflecting a 134.48% improvement[24]. - The weighted average return on equity was 3.41% in 2014, a significant recovery from -10.62% in 2013, indicating a 132.11% increase[24]. Operational Highlights - In 2014, the company achieved a sales volume of 115,700 tons, an increase of 18.18% year-on-year, and a production volume of 114,700 tons, up 16.45% from the previous year[32]. - The company’s operating profit for 2014 was CNY 20,724,210, a significant recovery from an operating loss of CNY 69,383,923.75 in 2013, marking a 129.87% increase[33]. - The company has reported a significant increase in export scale, which exposes it to greater foreign exchange risks due to currency fluctuations[14]. - The company faces risks related to product price fluctuations and intensified competition, which may impact profitability in 2015[14]. Research and Development - Research and development expenses amounted to CNY 67,116,900, an increase of 9.61% year-on-year, reflecting the company's commitment to innovation[33]. - Research and development expenditure amounted to 67.12 million yuan, representing a 9.61% increase compared to the previous year, with successful development of 12 technology projects[45]. - The company has established a national-level enterprise technology center and a provincial engineering technology center to support innovation and product development[56]. Investments and Acquisitions - The company successfully implemented a major asset restructuring, acquiring Shandong Xinyuan and Langmai shares, which enhanced its product supply chain and diversified into the healthcare sector[34]. - The company completed the acquisition of 100% equity in Shandong New Harmony Source Technology Co., Ltd. for a transaction price of 27,000 million, which is expected to help expand the company's product sales[99]. - The company plans to acquire 100% of Langmai Technology Co., Ltd. through a combination of cash payment and issuing shares, with the total amount not exceeding 25% of the transaction value[126]. Future Outlook - In 2015, the company aims for a product sales revenue of 2.8 billion RMB, representing a 30% year-on-year increase[81]. - The total profit target for 2015 is 65 million RMB, which is a 143.3% increase compared to the previous year[81]. - The production volume of aluminum foil is expected to reach 150,000 tons, marking a 30.8% increase year-on-year[81]. - The company plans to maintain a product sales rate of 100%[81]. Corporate Governance - The company has maintained a continuous relationship with its accounting firm for 11 years, with an audit fee of 800,000 RMB for the current period[124]. - The company has established a system for managing insider information, which has been in effect since November 25, 2011[168]. - The independent directors received a total remuneration of CNY 6.25 million each, reflecting the company's commitment to governance standards[159]. - The audit committee conducted four meetings in 2014, ensuring compliance with internal audit procedures and reviewing the use of raised funds, confirming their legality and compliance[174]. Employee and Management Structure - As of December 31, 2014, the company had a total of 507 employees, with 70.22% being production personnel[162]. - The company reported a total of 90 employees with a bachelor's degree or higher, representing 17.75% of the workforce[163]. - The average age of the board members is approximately 61 years, indicating a mature leadership team[152]. - The company has a diverse background in its management team, with experience in engineering, finance, and management[154]. Risk Management - The company has no risk identified by the supervisory board during the reporting period[177]. - The company has a strict authorization approval process for cash management, ensuring the safety of monetary funds[186]. - The internal control system is effective in managing various operational risks and ensuring the accuracy and timeliness of financial information[196]. Related Party Transactions - The company reported a total of 20,198.67 million in related party transactions, with 10.59% of this amount attributed to sales of goods to its parent company[104]. - The company has clear guidelines for related party transactions, ensuring transparency and fairness in all dealings[194]. Social Responsibility - The company actively participates in social responsibility initiatives, contributing to local economic development and supporting vulnerable groups[89].

江苏常铝铝业股份有限公司 2014 年第三季度报告正文 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。 公司负责人张平、主管会计工作负责人计惠及会计机构负责人(会计主管人员)刘常胜声明：保证季度报告 中财务报表的真实、准确、完整。 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 江苏常铝铝业股份有限公司 2014 年第三季度报告正文 证券代码：002160 证券简称：*ST常铝 公告编号：2014-072 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期末 | 上年度末 | | 本报告期末比上年度末增减 | | --- | --- | --- | --- | --- | | 总资产（元） | 2,634,031,226.44 | 2,246,666,307.93 | | 17.24% | | 归属于上市公司股东的净资产 | 814,621,557.93 | 527,817,297 ...

Financial Performance - The company achieved a revenue of CNY 1,070,371,843.93, representing a 9.63% increase compared to the same period last year[21]. - The net profit attributable to shareholders was CNY 8,637,691.34, a significant turnaround from a loss of CNY 29,230,582.15 in the previous year, marking a 129.55% improvement[21]. - The basic earnings per share increased to CNY 0.0250, compared to a loss of CNY 0.0860 in the same period last year, reflecting a 129.07% improvement[21]. - Main business revenue reached CNY 1,020,032,212.43, a year-on-year increase of 7.62%, while main business costs were CNY 891,106,587.45, up 2.29%[37]. - The company reported a net profit of CNY 8,637,700, indicating progress towards its goal of turning a profit in 2014[35]. - The company expects a net profit of between 17 million to 18 million yuan for the first nine months of 2014, a turnaround from a net loss of 52.71 million yuan in the same period last year[55]. - The net profit for the current period is reported at 16,718,364.00 CNY, while the previous year's net profit was a loss of 58,833,980.00 CNY, indicating a significant recovery[126]. Production and Sales - The company produced 55,476 tons of aluminum, a 13.58% increase year-on-year, and sold 57,794 tons, up 13.82% from the previous year[29]. - The company aims to achieve a monthly production and sales target of 10,000 tons in 2014, with a responsibility system in place to ensure at least 9,000 tons[30]. - The company completed 53.9% of its annual production target of 102,000 tons, achieving 55,000 tons in the reporting period[36]. Cash Flow and Liquidity - The company reported a net cash flow from operating activities of CNY -44,567,429.91, which is a 53.27% decline compared to the previous year[21]. - Cash and cash equivalents decreased by 401.43% to CNY -78,904,542.53, primarily due to increased cash outflows from operating activities[34]. - The ending balance of cash and cash equivalents was 149,133,501.02 CNY, down from 454,890,513.84 CNY in the previous period, indicating a significant decrease in liquidity[116]. - The net cash flow from operating activities was -44,567,429.91 CNY, compared to -29,077,199.92 CNY in the previous period, indicating a decline in operational performance[115]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,247,044,233.98, a slight increase of 0.02% from the previous year[21]. - Total current assets decreased from ¥1,166,483,237.66 to ¥1,087,252,774.81, a decline of about 6.8%[101]. - Total non-current assets increased from ¥1,080,183,070.27 to ¥1,159,791,459.17, an increase of approximately 7.3%[102]. - Total liabilities decreased from ¥1,718,849,010.19 to ¥1,710,701,352.63, a slight reduction of about 0.5%[103]. - The company's total assets increased marginally from ¥2,246,666,307.93 to ¥2,247,044,233.98, reflecting a growth of approximately 0.02%[102]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 47,089[88]. - The largest shareholder, Changshu Aluminum Foil Factory, holds 39.00% of the shares, amounting to 132,600,000 shares[89]. - Zhang Ping, a significant shareholder, holds 6.00% of the shares, with 20,400,000 shares, of which 15,300,000 are under lock-up conditions[89]. - The company has not undergone any changes in its controlling shareholder or actual controller during the reporting period[91]. Corporate Governance and Compliance - The company is committed to improving its corporate governance structure in accordance with relevant laws and regulations[63]. - The company held 2 shareholder meetings and 4 board meetings during the reporting period, ensuring compliance with relevant regulations and protecting the rights of all shareholders[62]. - The company has maintained a transparent information disclosure process, with no penalties from the stock exchange for disclosure issues[63]. Research and Development - Research and development investment totaled CNY 28,687,856.06, a slight increase of 0.06% compared to the previous year[34]. - The company has established a long-term partnership with universities and research institutions to enhance its technological innovation capabilities[39]. Cost Management - The company has set cost-saving targets of CNY 1 million per month for material price differences, energy consumption, and equipment maintenance[30]. - Sales expenses increased by 81.04% to CNY 35,896,694.59 due to significant growth in export revenue[34]. Investment and Acquisitions - The company acquired 100% equity of Shandong Xinhuiyuan for a transaction price of 27 million RMB, which is expected to enhance the company's product sales[67]. - The company completed the asset delivery of Shandong Xinhuyuan Heat Transfer Technology Co., Ltd. in August 2014, which will contribute to profit consolidation[55]. Financial Reporting and Accounting Policies - The company’s financial statements are prepared in accordance with the Chinese Accounting Standards, ensuring a true and complete reflection of its financial status and operating results[134]. - The company follows specific accounting policies for mergers and acquisitions, ensuring proper valuation and reporting of assets and liabilities[138]. - The company recognizes revenue from sales when the significant risks and rewards of ownership have transferred to the buyer, and the amount can be reliably measured[193].

江苏常铝铝业股份有限公司 2014 年第一季度报告正文 江苏常铝铝业股份有限公司 2014 年第一季度报告正文 证券代码：002160 证券简称：*ST 常铝 公告编号：2014-037 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。 公司负责人张平、主管会计工作负责人计惠及会计机构负责人(会计主管人员)刘常胜声 明：保证季度报告中财务报表的真实、准确、完整。 1 江苏常铝铝业股份有限公司 2014 年第一季度报告正文 第二节 主要财务数据及股东变化 一、主要会计数据和财务指标 公司是否因会计政策变更及会计差错更正等追溯调整或重述以前年度会计数据 □ 是 √ 否 | | 本报告期 | 上年同期 | 本报告期比上年同期增减 | | --- | --- | --- | --- | | | | | （%） | | 营业收入（元） | 518,330,809.86 | 450,694,206.43 | 15.01% | | 归属于上市公司股东的净利润（ ...

Financial Performance - The company's operating revenue for 2013 was ¥1,836,935,573.24, a decrease of 4.05% compared to ¥1,914,395,174.33 in 2012[23] - The net profit attributable to shareholders was a loss of ¥59,209,126.52, improving by 14.51% from a loss of ¥69,254,916.95 in 2012[23] - The net cash flow from operating activities was negative at ¥49,413,562.01, a decline of 119.81% compared to a positive cash flow of ¥249,444,766.87 in 2012[23] - The total assets at the end of 2013 were ¥2,246,666,307.93, an increase of 9.51% from ¥2,051,610,279.95 at the end of 2012[23] - The net assets attributable to shareholders decreased by 10.07% to ¥527,817,297.74 from ¥586,949,711.76 at the end of 2012[23] - The basic earnings per share for 2013 was -¥0.174, a decrease of 14.71% from -¥0.204 in 2012[23] - The weighted average return on equity was -10.62%, a slight improvement from -11.12% in 2012[23] Cash Flow and Investments - The company reported a significant drop in cash flow from operating activities, with a net cash flow of -CNY 363,426,049.64, down 119.81% from the previous year[32] - The company's cash and cash equivalents decreased by 245.71% to a net decrease of CNY 200.68 million[48] - The company reported a total cash outflow from operating activities of ¥2,485,427,912.70, compared to ¥1,760,647,747.44 in the previous year[192] - The cash flow from investment activities was negative at ¥21,549,302.92, worsening from a negative cash flow of ¥16,640,507.96 in the previous year[192] Production and Sales - The company sold 97,900 tons of products in 2013, a year-on-year increase of 4.37%[34] - The company achieved a sales volume of 21,400 tons for automotive materials in 2013, representing a year-on-year growth of 36.3%[84] - The company aims to achieve a production target of 120,000 tons of aluminum foil in 2014, a year-on-year increase of 28.2%[36] - The production volume of aluminum foil materials is targeted at 110,000 tons in 2014, with a year-on-year growth of 11.7%[85] Research and Development - Research and development expenses rose to CNY 6,123,000, an increase of 3.17% compared to the previous year[34] - The company successfully developed 13 technology projects, including high-performance aluminum alloy composite materials for automotive heat exchangers[45] - The company successfully developed products such as high-performance hydrophilic coated aluminum foil and high-performance hard aluminum alloy plates, meeting market demand and enhancing the domestic aluminum processing industry[58] Market and Competition - The company faces significant risks due to macroeconomic conditions and competition in the aluminum market, which may impact profitability[14] - The company’s main product, aluminum foil for air conditioners, experienced a substantial impact on production and sales due to the aftermath of the European debt crisis and ongoing domestic inflation, leading to intensified price competition in the market[82] - Sales volume for key customers, Beier Group and Valeo Group, increased by 45.1% and 210.6% respectively compared to 2012, indicating significant growth potential for alloy products in the coming years[58] Governance and Compliance - The company has committed to ongoing training for board members and executives to enhance compliance awareness and operational capabilities[94] - The company has implemented a revised "Information Disclosure Management System" to improve the quality of information disclosure[93] - The company has faced regulatory scrutiny for inaccurate financial disclosures in 2012, leading to a directive from the Jiangsu Securities Regulatory Bureau to correct the data by April 30, 2013[107] - Financial penalties were imposed on key executives, including a fine of RMB 40,000 on the chairman and RMB 30,000 on the CFO for the disclosure violations[109] Future Outlook - The company aims to achieve a main business revenue of 2 billion CNY in 2014, a 10% increase compared to the previous year[85] - The company plans to enhance the application of hydrophilic aluminum foil, which is expected to improve heat exchange rates by 10%-15% compared to conventional foil, thereby increasing its market share in air conditioning applications[82] - The company aims to turn a profit in 2014, targeting a profit of 2 million CNY[85] Employee and Management Structure - The company employed a total of 577 staff as of December 31, 2013, with 71.75% being production personnel[135] - The management team consists of experienced professionals with backgrounds in engineering, finance, and management[124] - The total remuneration for the chairman and general manager was 30.25 million CNY, reflecting the company's compensation strategy for leadership roles[130] Financial Health and Risks - The overall financial health of the company shows signs of strain, necessitating strategic reassessment moving forward[200] - The company reported a negative net profit for the year 2012, which may lead to a delisting risk warning for its stock after the 2013 annual report disclosure[111] - The company has established a comprehensive internal control system to effectively manage various internal and external risks, ensuring the safety and integrity of assets and the accuracy of financial information[161]