Financial Performance - The company's operating revenue for Q1 2023 was ¥1,174,724,014.21, a decrease of 7.22% compared to ¥1,266,145,601.99 in the same period last year[7]. - Net profit attributable to shareholders increased by 40.29% to ¥132,365,841.57 from ¥94,349,524.34 year-on-year[7]. - The net profit after deducting non-recurring gains and losses rose by 79.98% to ¥101,227,629.74 compared to ¥56,244,059.99 in the previous year[7]. - Net profit for the current period was ¥130,520,553.24, an increase of 35.1% compared to ¥96,608,155.60 in the previous period[54]. - Earnings per share (EPS) for the current period was ¥0.10, up from ¥0.07 in the previous period[55]. - Other income increased to ¥38,378,188.72, compared to ¥30,234,040.30 in the previous period[54]. Cash Flow - The net cash flow from operating activities decreased by 31.20% to ¥143,691,690.73 from ¥208,850,621.19 in the same period last year[7]. - Cash flow from operating activities was ¥143,691,690.73, down from ¥208,850,621.19 in the previous period[55]. - The net cash flow from investment activities was -¥66,969,200, an improvement from -¥173,032,500 in the previous year[28]. - Net cash flow from investing activities was -$66,969,169.42, a decrease from -$173,032,532.13 in the previous period[56]. - The net increase in cash and cash equivalents was -$72,347,593.12, contrasting with an increase of $60,443,092.76 previously[56]. - The ending balance of cash and cash equivalents stood at $405,482,722.97, compared to $474,651,153.89 at the end of the last period[56]. Assets and Liabilities - The company's total assets at the end of the reporting period were ¥10,133,977,861.20, reflecting a 0.43% increase from ¥10,090,857,772.38 at the end of the previous year[7]. - The total liabilities amount to 3,878,205,229.49, with short-term borrowings at 1,250,178,750.00[51]. - The total liabilities decreased to ¥4,401,591,890.09 from ¥4,489,471,164.79 in the previous period[52]. - Total equity attributable to shareholders increased to ¥5,724,972,404.66 from ¥5,592,606,563.09 in the previous period[52]. Investments - The company's investment income for the period was -¥6,712,000, a decline from ¥14,087,700 in the same period last year, primarily due to losses from investments[27]. - Investment income showed a loss of ¥6,712,550.61, contrasting with a gain of ¥14,087,691.89 in the previous period[54]. - Cash received from investment income was $12,696,743.33[56]. - Cash paid for the acquisition of fixed assets and intangible assets was $67,048,169.42, up from $30,728,493.43 in the previous period[56]. - Total cash inflow from investment activities was $79,000.00, significantly lower than $35,993,061.30 previously[56]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 28,417[29]. - Wanliyang Group Co., Ltd. holds 29.26% of shares, totaling 384,075,744 shares, with 199,250,000 shares pledged[29]. Strategic Initiatives - The company signed a strategic cooperation framework agreement with Changjiang Green Development Investment Fund to develop and operate new energy storage power station assets and virtual power plants[33]. - The company is focusing on green transformation and low-carbon development in collaboration with strategic partners[33]. Other Information - The first quarter report is unaudited, indicating preliminary financial results[44]. - Prepayments increased by 89.76% compared to the beginning of the period, mainly due to an increase in advance payments for materials[9]. - Contract liabilities increased by 43.49% compared to the beginning of the period, mainly due to an increase in advance payments received[26]. - The cash flow from operating activities is not detailed in the provided content but is essential for assessing liquidity[51]. - The company reported a long-term investment of 491,719,342.66[51].

Financial Performance - The company's operating revenue for 2022 was approximately ¥5.11 billion, a decrease of 6.81% compared to ¥5.48 billion in 2021[22]. - The net profit attributable to shareholders was approximately ¥300.11 million, a significant increase of 138.74% from a loss of ¥747.48 million in 2021[22]. - The basic earnings per share for 2022 was ¥0.23, compared to a loss of ¥0.57 per share in 2021, marking an increase of 138.98%[22]. - The total assets at the end of 2022 were approximately ¥10.09 billion, a slight decrease of 0.34% from ¥10.00 billion at the end of 2021[23]. - The net assets attributable to shareholders increased by 3.66% to approximately ¥5.59 billion from ¥5.31 billion in 2021[23]. - The cash flow from operating activities was approximately ¥538.13 million, an increase of 280.75% compared to ¥144.23 million in 2021[22]. - The company reported a total of ¥160,910,683.68 in government subsidies for 2022, up from ¥114,765,596.35 in 2021[30]. - The gross profit margin for the automotive parts manufacturing segment was 15.28%, down from the previous year[86]. - The company achieved a net profit of CNY 150 million, which is a 20% increase compared to the previous year[170]. Market Trends and Outlook - The company anticipates a gradual recovery in the commercial vehicle market in 2023 due to improving economic conditions and infrastructure projects[37]. - The automotive industry is expected to continue its growth trajectory, driven by strong consumer demand and supportive government policies[33]. - The automotive market is projected to grow by approximately 3% in 2023, aided by improved economic conditions and alleviated chip supply shortages[42]. - The new energy vehicle market has maintained rapid growth since 2021, ranking first globally for eight consecutive years, driven by government policies and technological advancements[38]. - The company noted that the automotive industry is expected to continue its growth trajectory, driven by strong consumer demand and supportive government policies[33]. - The company is focusing on expanding its market share and production scale through aggressive marketing efforts and product upgrades[143]. Risks and Challenges - The company faces risks related to market competition, talent acquisition, and fluctuations in raw material prices[4]. - The company has reported uncertainty regarding its ability to continue as a going concern due to negative net profits in recent years[23]. - The company recognizes the increasing market competition in the automotive sector and is adapting its strategies to address challenges while focusing on high-quality products and services[142]. Investments and Acquisitions - The company acquired 51% of Wanliyang Energy Company for RMB 110 million, focusing on energy storage station investment and operation[54]. - The company is investing in a new project with an annual production capacity of 120,000 tons for aluminum alloy components for new energy vehicles, which is currently under construction[78]. - The company plans to invest CNY 3.06 billion in a project to produce 120,000 tons of aluminum alloy components for new energy vehicles, including products like transmission and clutch housings[192]. - The company has signed agreements to invest in independent energy storage stations with a total installed capacity of approximately 1,000 MW[192]. Research and Development - The company has established research institutes in Beijing, Shanghai, and Guangzhou, enhancing its technical research and development capabilities[70]. - The company is focusing on developing ECVT products for electric vehicles to enhance market competitiveness in the electric vehicle sector[97]. - The company’s R&D investment amounted to ¥368,602,091.53 in 2022, a decrease of 2.19% compared to ¥376,858,389.84 in 2021, while the R&D investment as a percentage of operating revenue increased to 7.21% from 6.87%[99]. - The number of R&D personnel increased by 5.38% to 490 in 2022 from 465 in 2021, with R&D personnel accounting for 13.92% of the total workforce[99]. Corporate Governance - The company emphasizes its commitment to improving corporate governance in accordance with relevant laws and regulations, ensuring equal rights for all shareholders, particularly minority shareholders[152]. - The company has established a robust internal management and control system to enhance operational efficiency and compliance with regulatory requirements[152]. - The company has implemented a comprehensive information disclosure system to ensure timely and accurate communication with shareholders[158]. - The board of directors has established specialized committees to enhance operational efficiency and oversight[194]. Employee Management - The total number of employees at the end of the reporting period is 3,520, with 646 in the parent company and 2,874 in major subsidiaries[188]. - The company conducted 621 training sessions in 2022, achieving a training plan completion rate of 97.5%[190]. - The employee composition includes 2,332 production personnel, 176 sales personnel, 735 technical personnel, 45 financial personnel, and 232 administrative personnel[188]. - The company emphasizes a competitive salary policy based on market standards and performance, aiming to enhance employee motivation[189]. Production and Capacity - The company has a strong market position in automotive transmission and new energy drive systems, continuously expanding its customer base among major domestic and international automakers[42]. - The company's automotive transmission production capacity is 3 million units, including 1.7 million units for passenger car transmissions and 1.1 million units for commercial vehicle transmissions[54]. - The production volume of automotive transmissions was 1,076,281 units, a decrease of 19.32% compared to the previous year[57]. - The company produced 1,125,109 automotive gearboxes in 2022, a decrease of 15.08% from 1,324,979 units in 2021[87]. Strategic Initiatives - The company is implementing smart manufacturing initiatives, including a project for producing 300,000 sets of automatic transmissions annually, which has passed provincial demonstration project acceptance[78]. - The company is enhancing its digital manufacturing capabilities to improve production efficiency and quality control through a comprehensive digital platform[139]. - The company is focusing on optimizing its energy storage projects, with plans to complete the grid connection of a 100 MW independent energy storage project in Zhaoqing by 2023[140]. Future Growth Plans - Future outlook includes a projected revenue growth of 10% for 2023, driven by new product launches and market expansion strategies[170]. - The company plans to acquire a local competitor to enhance its market share and operational capabilities, with an estimated cost of CNY 300 million[170]. - The company has launched a new product line that is anticipated to contribute an additional CNY 100 million in revenue in 2023[170].

证券代码：002434 证券简称：万里扬 公告编号：2023- 019 浙江万里扬股份有限公司 关于举行2022年度网上业绩说明会的公告 投资者依据提示，授权登入"万里扬投资者关系"小程序，即可参与交流。 出席本次网上说明会的人员有：公司董事长黄河清先生，财务总监胡春荣先 生，董事会秘书张雷刚先生，独立董事吕岚女士。 欢迎广大投资者积极参与！ 特此公告。 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。 浙江万里扬股份有限公司（以下简称"公司"）已于 2023 年 4 月 25 日在巨 潮资讯网（http://www.cninfo.com.cn/）上披露了公司 2022 年年度报告全文及 其摘要。 为便于广大投资者进一步了解公司 2022 年度经营情况，公司定于 2023 年 5 月 9 日（星期二）下午 15:00 至 17:00 时在"万里扬投资者关系"小程序举行 2022 年度网上业绩说明会。本次业绩说明会将采用网络远程的方式举行，投资 者可登陆"万里扬投资者关系"小程序参与互动交流。为广泛听取投资者的意见 和建议，公司提前向投资者征集问题，提问通道自发出 ...

Group 1: Automotive Parts Business - The company focuses on the research, production, and sales of automotive transmission and drive system products, covering passenger vehicles, commercial vehicles, and new energy vehicles [2] - New energy vehicle drive systems include EV reducers, EDS "three-in-one" and "multi-in-one" drive systems, ECVT electric drive systems, and DHT hybrid systems [2] Group 2: New Energy Storage Business - The new energy storage business is operated by the subsidiary Wanliyang Energy, primarily engaged in the operation of generation-side energy storage power stations and electricity market spot trading [2] - The installed capacity of operational generation-side energy storage power stations is approximately 40 MW, located in Guangdong and Gansu provinces [2][4] - The company aims to develop a flexible power regulation service system, with a total scale of independent energy storage projects reaching 1000 MW/2000 MWh [3] Group 3: Business Development Plans - In the passenger vehicle market, the focus is on developing hybrid and pure electric vehicles, with strong competitive advantages in fuel efficiency, driving performance, installation space, and cost [3] - In the commercial vehicle market, the emphasis is on automatic transmission products (AMT), hybrid systems, and electric drive systems, with a growing demand for driving convenience and comfort [3] - The company plans to expand independent energy storage project reserves, focusing on seven reserve projects in Zhejiang and Guangdong provinces, with a total scale exceeding 3000 MW/6000 MWh [3] Group 4: Financial and Strategic Partnerships - The company utilizes various financing methods for energy storage projects, including self-funding, bank loans, capital market financing, and project market capital cooperation [4] - A strategic cooperation framework agreement was signed with the Yangtze River Green Development Fund to jointly develop and operate new energy storage assets and virtual power plants [4] Group 5: Commercial Vehicle Transmission Business - The commercial vehicle market demand has improved, leading to increased production and sales of commercial vehicle transmissions [4] - The company is focusing on product upgrades, particularly in hybrid systems for light and heavy trucks, as well as heavy truck AMT automatic transmissions and electric drive systems [4]

Group 1: Company Overview - The company focuses on the research, production, and sales of automotive transmission and drive system products, covering passenger vehicles, commercial vehicles, and new energy vehicles [2] - The new energy vehicle drive systems include reducers, EDS "three-in-one," and "multi-in-one" electric drive systems, with DHT hybrid systems comprising DHT300 and DHT400 series [2] Group 2: New Energy Storage Business - The new energy storage business is operated by the subsidiary Wanliyang Energy, primarily engaged in the operation of power-side energy storage stations and electricity market spot trading [2] - The installed capacity of operational power-side energy storage stations is approximately 40MW, located in Guangdong and Gansu provinces [2] Group 3: Business Development Plans - In the passenger vehicle market, the focus is on developing hybrid and pure electric vehicles, with hybrid systems offering competitive advantages in fuel efficiency, driving performance, and cost [3] - In the commercial vehicle market, the emphasis is on automatic transmission products (AMT), hybrid systems, and electric drive systems, with a growing demand for automatic transmissions due to younger drivers' preferences [3] - The company aims to enhance its flexible power regulation capabilities and become a leading service provider in the energy storage market, with a total project scale of 1000MW/2000MWh [3] Group 4: Investment Projects - The company is constructing a project with an annual production capacity of 120,000 tons of new energy vehicle alloy structural parts, utilizing advanced processes such as integrated high-pressure casting and gravity casting [4] - The company has initiated the construction of an independent energy storage station in Zhaoqing, Guangdong, expected to be operational in 2023 [4] Group 5: Financial Strategies - The company will consider various financing methods, including self-funding, bank loans, and capital market financing, to ensure project funding needs while effectively reducing financing costs [4]

证券代码：002434 证券简称：万里扬 浙江万里扬股份有限公司投资者关系活动记录表 编号：2016002 | --- | --- | --- | |----------------|-----------------------------------|--------------| | | | | | 投资者关系活动 | ■ 特定对象调研 | □ 分析师会议 | | 类别 | □ 媒体采访 □ | 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他 （请文字说明其他活动内容） | | | 参与单位名称及 | 广发证券股份有限公司 张乐 | | | 人员姓名 | 华宝兴业基金管理有限公司 唐霄鹏 | | | | 长安基金管理有限公司 何增华 | | | | 银河基金管理有限公司 李维 | | | | 华富基金管理有限公司 朱程辉 | | | | 嘉实基金管理有限公司 刘瑞、熊煜州 | | | | 上海博道投资管理有限公司 陈磊 | | | | 中信建投证券股份有限公司 丰亮 | | | | 大成基金管理有限公司 李巍宇、徐彦 | | | | 兴业基金 ...

Group 1: Acquisition Overview - The company acquired 100% equity of Wuhu Chery Transmission Co., Ltd. for a total transaction price of RMB 2.6 billion, which constitutes a major asset restructuring [3] - The payment structure includes RMB 1.6 billion through share issuance and RMB 1 billion in cash, along with fundraising for supporting funds [3] - The acquisition aims to enhance product technology levels and expand the customer market beyond Chery and Geely [3] Group 2: CVT Product Development - Chery has initiated the development of CVT products since early 2004, with the first generation including CVT19 (in production) and CVT23 (expected production in 2017) [3] - The second generation of CVT products is already in development, including CVT25 and CVT17, with features like start-stop functionality [4] - The CVT products are designed to be competitive with international technologies, featuring self-developed software for TCU controllers [4] Group 3: Market Performance - The CVT products are currently matched with Chery's 1.5T/1.6VVT/2.0VVT engines and have a market penetration rate of approximately 40% in models like Arrizo 5/7 and Tiggo 3/5/7 [4] - Average monthly sales of CVT products in the first four months of the year were between 8,000 and 9,000 units, with expected growth as new models enter production [4] - The company is actively expanding into external markets and is optimistic about the rapid increase in CVT product sales [4] Group 4: Future Strategic Focus - The company plans to focus on the automotive industry, particularly in passenger vehicle transmission systems, including CVT and manual transmissions [5] - The acquisition of Geely's manual transmission assets, which has an annual production capacity of over 400,000 units, is expected to enhance the company's capabilities in passenger vehicle transmission development [5] - Future strategies include significant development in automatic transmission systems and expanding markets beyond Chery and Geely [5]