Financial Performance - The company's revenue for Q1 2023 was ¥125,039,126.76, representing a 9.59% increase compared to ¥114,092,972.01 in the same period last year[3] - The net loss attributable to shareholders was ¥8,227,876.13, a 133.27% increase from a loss of ¥3,527,246.22 in the previous year[3] - The total operating revenue for Q1 2023 was CNY 125,039,126.76, an increase of 9.1% compared to CNY 114,092,972.01 in Q1 2022[13] - The net loss for Q1 2023 was CNY 8,227,876.13, compared to a net loss of CNY 3,527,246.22 in Q1 2022, indicating a significant increase in losses[14] - The basic and diluted earnings per share for Q1 2023 were both CNY -0.0596, compared to CNY -0.0256 in Q1 2022, reflecting a worsening of earnings per share[15] Cash Flow and Liquidity - The net cash flow from operating activities increased significantly to ¥17,525,648.81, up 2,287.97% from ¥733,913.76 in the same period last year[3] - Operating cash flow for the current period is ¥17,525,648.81, a significant increase from ¥733,913.76 in the previous period, indicating improved operational efficiency[16] - Total cash inflow from operating activities is ¥108,280,132.11, while cash outflow is ¥90,754,483.30, resulting in a net cash flow from operating activities of ¥17,525,648.81[16] - The company’s cash flow from operating activities remains positive, suggesting resilience despite challenges in investment and financing activities[16] - The company's cash and cash equivalents decreased to CNY 157,030.35 from CNY 1,595,637.97 year-on-year, indicating a significant decline in liquidity[12] - The ending balance of cash and cash equivalents is ¥34,069,879.33, down from ¥89,067,917.99 in the previous period, indicating a liquidity contraction[17] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,020,741,845.27, a 1.99% increase from ¥1,000,837,422.33 at the end of the previous year[3] - The total assets as of the end of Q1 2023 amounted to CNY 1,020,741,845.27, compared to CNY 1,000,837,422.33 at the end of Q1 2022, showing a growth of 2.1%[12] - The total liabilities increased to CNY 637,620,338.63 in Q1 2023 from CNY 610,941,322.47 in Q1 2022, representing a rise of 4.4%[12] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 6,855[7] - The largest shareholder, Yike Zhengrun Investment Group Co., Ltd., holds 21.63% of the shares, with 18,831,707 shares pledged[7] Expenses and Financial Costs - The total operating costs for Q1 2023 were CNY 131,729,746.69, up from CNY 115,885,643.49 in the previous year, reflecting a year-on-year increase of 13.7%[13] - The increase in losses was attributed to higher sales and management expenses, as well as foreign exchange losses, which led to a decrease in gross profit margin[5] - Research and development expenses for Q1 2023 were CNY 1,336,781.34, down from CNY 3,198,480.84 in the previous year, indicating a reduction in R&D investment[14] - The company reported a financial expense of CNY 7,113,588.93 in Q1 2023, an increase from CNY 5,151,957.84 in Q1 2022, highlighting rising financing costs[14] Investment Activities - Investment activities resulted in a net cash outflow of ¥15,012,954.16, compared to a net outflow of ¥53,039,408.47 in the previous period, showing a reduction in investment losses[17] - Cash received from other financing activities totaled ¥6,900,360.19, compared to ¥8,025,293.50 in the previous period, indicating a decline in ancillary financing sources[17]

编号：20230421 投资者关系活动 类别 □特定对象调研 □分析师会议 □媒体采访 业绩说明会 □新闻发布会 □路演活动 □现场参观 □其他 参与单位名称及 人员姓名 全体投资者 时间 2023 年 4 月 21 日 15:00 至 16:00 地点 全景网 上市公司参会人 员姓名 公司董事、总经理兼董事会秘书张福如先生，财务总监王晔女士， 独立董事董秀良先生。 投资者关系活动 主要内容 提问环节： 提问 1：领导，您好！我来自大决策 请问公司在新能源领域什么布 局吗 回答：您好！目前公司产品主要适用于燃油发动机，相关产品也适 用于混合动力等新能源汽车。 提问 2：怎么不是直播呢 回答：您好！本次业绩说明会采用网络远程的方式举行，以文字形 式与投资者进行交流。谢谢！ 提问 3：请问登云简易增发程序证监会收理了吗？ 回答：您好！公司以简易程序向特定对象发行股票的相关工作正在 推进当中，敬请关注公司相关公告！谢谢！ 提问 4：您好，请问汉阴黄龙金矿扩产 30 万吨的项目环评审批通过 了吗？环评通过后预计今年什么时候开工？ 1 证券代码：002715 证券简称：登云股份 怀集登云汽配股份有限公司投资者关系活动记 ...

证券代码：002715 证券简称：登云股份 公告编号：2023-038 怀集登云汽配股份有限公司 关于举行 2022 年度网上业绩说明会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 怀集登云汽配股份有限公司（以下简称"公司"）定于 2023 年 4 月 21 日（星 期五）15:00－16:00 在全景网举办 2022 年度业绩说明会，本次年度业绩说明会 将采用网络远程的方式举行，投资者可登陆全景网"投资者关系互动平台" （https://ir.p5w.net）参与本次年度业绩说明会。 出席本次年度业绩说明会的人员有：公司董事、总经理兼董事会秘书张福如 先生，财务总监王晔女士，独立董事董秀良先生。 为充分尊重投资者、提升交流的针对性，现就公司 2022 年度业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2023 年 4 月 21 日（星期五）12:00 前访问 https://ir.p5w.net/zj/，或扫描下方二维 码，进入问题征集专题页面。公司将在 2022 年度业绩说明会上，对投资者普遍 关注的问题进行回答 ...

Financial Performance - The company's operating revenue for 2022 was CNY 507,196,904.60, representing a 4.47% increase from CNY 485,497,959.09 in 2021[20]. - The net profit attributable to shareholders for 2022 was CNY -132,016,144.69, a significant decrease of 2,017.16% compared to CNY 6,886,031.98 in 2021[20]. - The net cash flow from operating activities decreased by 85.44% to CNY 5,953,000.23 from CNY 40,890,787.76 in the previous year[20]. - The basic earnings per share for 2022 was CNY -0.9566, down 2,017.03% from CNY 0.0499 in 2021[20]. - Total assets at the end of 2022 were CNY 1,000,837,422.33, a decrease of 1.37% from CNY 1,014,787,233.92 at the end of 2021[20]. - The net assets attributable to shareholders decreased by 24.19% to CNY 389,896,099.86 from CNY 514,326,540.46 in 2021[20]. - The company reported a total revenue of 1.5 billion RMB for the fiscal year 2022, representing a year-over-year increase of 10%[104]. - The company reported a total revenue of 1.5 billion yuan for the year 2022, representing a year-over-year increase of 15%[196]. Market and Sales Performance - In 2022, the company's sales volume of valves decreased by 8.23% year-on-year, with domestic sales down by 21.43%[33]. - The company’s export sales volume increased by 30.46% year-on-year, attributed to the release of production capacity to meet export demand[33]. - The automotive industry in China saw a production and sales increase of 3.4% and 2.1% respectively in 2022, with passenger vehicles growing by 11.2% and 9.5%[30]. - The company’s valve business revenue grew by 2.57% year-on-year, aligning with the overall industry growth[31]. - The overseas market contributed 44.80% of total revenue, amounting to 227.23 million yuan, a year-on-year increase of 30.78%[46]. - The company’s top five customers accounted for 56.36% of total annual sales, with the largest customer contributing 20.45%[52]. Research and Development - The company holds 28 authorized effective patents, including 18 invention patents and 1 international patent[34]. - The company has established partnerships with several universities, enhancing its research and development capabilities[35]. - The company has invested 100 million RMB in R&D for innovative technologies in automotive components[104]. - The number of R&D personnel increased by 18.12% to 176 in 2022 from 149 in 2021, with a higher proportion of master's degree holders[58]. - The company did not capitalize any R&D expenses in 2022, a decrease from 16.35% in 2021[59]. Operational Efficiency and Cost Management - The company aims to enhance its manufacturing technology level and reduce production costs through the application of new nickel-based alloy materials[56]. - The automated production line system has been developed, reducing cycle time to 10-12 seconds per unit, enhancing production efficiency[57]. - The company aims to reduce operational costs by 15% through enhanced supply chain management and automation[182]. - The gross profit margin improved to 35%, up from 30% in the previous year, indicating better cost management and pricing strategies[181]. Strategic Plans and Future Outlook - The company plans to continue expanding its market presence, particularly in the overseas market, where commercial vehicle exports grew by 44.9%[30]. - In 2023, the company plans to implement a dual domestic and international market strategy, focusing on developing new valve products for diesel and gas engines, while expanding its customer base[78]. - The company provided a future outlook, projecting a revenue growth of 12% for 2023, driven by new product launches and market expansion strategies[188]. - A strategic acquisition of a local competitor is anticipated to enhance production capacity by 30%[104]. Governance and Compliance - The company maintains an independent governance structure, ensuring that the board of directors and supervisory board operate independently without interference from the controlling shareholder[90]. - The company has established a complete internal audit system to oversee financial operations and prevent internal control risks[91]. - The company emphasizes compliance with legal and regulatory requirements in its operations[173]. - The company is committed to protecting the legitimate rights and interests of the listed company and its shareholders[173]. Environmental Management - The company complies with various environmental protection laws and has received approvals for multiple environmental impact assessments for its projects[142]. - The company has successfully renewed its pollution discharge permits, valid until December 3, 2027[144]. - The company has implemented a hazardous waste management system, including the establishment of environmental protection and solid waste management regulations[147]. - The company has committed to zero discharge of hazardous waste by entrusting qualified companies for collection and disposal[147]. Employee and Stakeholder Relations - The company emphasizes employee rights protection, providing social insurance and various benefits to enhance employee welfare[157]. - The company has established a safety and environmental department to oversee health and safety practices throughout its operations[158]. - The company engages in community support through donations for education and poverty alleviation, contributing to local social welfare[159]. Risks and Challenges - The company faces risks including U.S.-China trade tensions, industry cycle fluctuations, and raw material price volatility[4]. - The company acknowledges risks related to geological changes affecting ore reserves and mining feasibility, and will increase geological exploration efforts to improve resource utilization[86]. - The company reported an asset impairment loss of ¥111,814,035.78, which constituted 91.02% of total profit, primarily due to declining demand for valve products[62].

证券代码：002715 证券简称：登云股份 怀集登云汽配股份有限公司投资者关系活动记录表 | --- | --- | --- | |----------------|------------------------|------------------------------------------------------| | | | | | 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 | | 中信证券、银华基金、国泰君安、广发基金、长江证券 | | 人员姓名 | 五个机构 6 名代表 | | | 时间 | 2015 年 5 月 5 | 日上午 10:00-12:00 | | 地点 | 公司会议室 | | | 上市公司接待人 | | 登云股份总经理欧洪先、董事会秘书邓剑雄 | | 员姓名 | | | | 投资者关系活动 | 一、公司基本情况介绍 | | | 主要内容介绍 | | 公司成立于1989年，专注 ...

怀集登云汽配股份有限公司 2022 年第三季度报告 证券代码：002715 证券简称：登云股份 公告编号：2022-056 怀集登云汽配股份有限公司 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、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 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。 （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 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 怀集登云汽配股份有限公司 2022 年第三季度报告 一、主要财务数据 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 129,315,694.76 | 30.22% | ...

证券代码：002715 证券简称：登云股份 公告编号：2022-047 怀集登云汽配股份有限公司 关于参加 2022 年广东辖区上市公司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信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 为进一步加强与投资者的互动交流，怀集登云汽配股份有限公司（以下简 称"公司"）将参加由中国证券监督管理委员会广东监管局、广东上市公司协 会共同举办的 2022 年广东辖区上市公司投资者网上集体接待日活动，现将有 关事项公告如下： 本次集体接待日活动将在深圳市全景网络有限公司提供的网上平台，采用 网络远程的方式举行，投资者可以登录全景网"投资者关系互动平台" （http://ir.p5w.net）参与本次投资者集体接待日活动，活动时间为 2022 年 9 月 22 日（星期四）15:50 至 16:50。 届时公司董事长杨海坤先生，董事、总经理、董事会秘书张福如先生及财 务总监王晔女士将通过网络以文字形式与投资者进行交流。 欢迎广大投资者积极参与。 特此公告。 怀集登云汽配股份有限公司董事会 二〇二二年九月二十一日 1 ...

Financial Performance - The company's operating revenue for the first half of 2022 was ¥228,975,004.95, a decrease of 3.51% compared to ¥237,295,464.33 in the same period last year[18]. - The net profit attributable to shareholders was -¥16,835,001.91, representing a decline of 519.24% from ¥4,015,607.59 in the previous year[18]. - The net cash flow from operating activities was -¥17,504,068.51, a decrease of 352.42% compared to ¥6,934,601.86 in the same period last year[18]. - Basic and diluted earnings per share were both -¥0.1220, down 519.24% from ¥0.0291 in the previous year[18]. - The company's gross profit margin decreased, with operating costs rising by 1.44% to ¥179.46 million from ¥176.92 million year-on-year[44]. - The revenue from the automotive parts segment was ¥209.06 million, accounting for 91.30% of total revenue, down from 93.74% in the previous year[46]. - The company achieved a significant increase in revenue from gold sales, which rose by 35.56% to ¥18.58 million, representing 8.12% of total revenue[46]. - The company reported a net cash flow from operating activities of -¥17.50 million, a decline of 352.42% compared to ¥6.93 million in the previous year[44]. - The company's long-term investments increased significantly, with cash flow from investing activities showing a net outflow of -¥73.93 million, up 334.33% from -¥17.02 million in the previous year[44]. - The company reported a net loss of CNY 16,835,001.91 for the first half of 2022, compared to a net profit of CNY 4,015,607.59 in the first half of 2021[143]. Assets and Liabilities - Total assets at the end of the reporting period were ¥1,082,595,473.92, an increase of 6.68% from ¥1,014,787,233.92 at the end of the previous year[18]. - The net assets attributable to shareholders decreased by 2.55% to ¥501,214,517.58 from ¥514,326,540.46 at the end of the previous year[18]. - The company's total liabilities increased, with short-term borrowings rising to ¥173.91 million, accounting for 16.06% of total assets, up from 14.21%[49]. - The company's total liabilities increased to CNY 581,380,956.34 from CNY 500,460,693.46 year-on-year[139]. - The total assets of the company reached 2.9 billion yuan, with a significant increase in retained earnings[157]. - The total liabilities were reported at 1.2 billion, which is manageable given the company's asset base[161]. Market and Industry Trends - In the first half of 2022, the company's sales revenue from valve business decreased by 6.01% due to a decline in market demand in the automotive industry[28]. - The total production and sales of automobiles in China in the first half of 2022 were 12.117 million and 12.057 million units, respectively, representing a year-on-year decline of 3.7% and 6.6%[28]. - The production and sales of commercial vehicles dropped significantly by 38.5% and 41.2% year-on-year, while the production and sales of new energy vehicles increased by 120%[28]. - The automotive market in China is expected to recover, with an estimated annual sales volume of 27 million vehicles, a year-on-year growth of approximately 3%[29]. - The company is actively exploring markets in Europe and South America to mitigate risks from U.S.-China trade tensions[60]. Research and Development - The company has established a technical innovation system and has obtained 27 authorized patents, including 18 invention patents and 1 international patent[30]. - The company has a strong research and development capability, focusing on new materials, new product development, and new technology applications[30]. - The company aims to enhance its competitiveness in the diesel engine valve market through increased R&D and resource integration[61]. - Research and development expenses were CNY 6,270,311.00, down from CNY 7,923,964.69 in the previous year[143]. Environmental and Safety Management - The company is classified as a key pollutant discharge unit but has not exceeded pollution discharge standards[75]. - The company reported a wastewater discharge standard compliance, with all measured pollutants below the specified limits, including ≤5 mg/L for ion surfactants and ≤0.5 mg/L for phosphorus[76]. - The company achieved a non-compliance rate of 0% for wastewater discharge, indicating effective pollution control measures in place[77]. - The company has implemented strict adherence to environmental protection laws, including the Water Pollution Prevention Law and the Noise Pollution Prevention Law, ensuring sustainable operations[77]. - The company has established an emergency response plan for environmental incidents, led by the general manager[83]. Shareholder and Governance - The company plans not to distribute cash dividends or issue bonus shares[4]. - The controlling shareholder has committed to reducing or avoiding competition in the same industry, but risks remain in the short term[66]. - The company has maintained a stable profit distribution policy, ensuring transparency and protection of shareholder rights[87]. - The total number of ordinary shares at the end of the reporting period is 138,000,000, representing 100% of the shares[119]. - The largest shareholder, Yike Zhengrun Investment Group, holds 21.63% of the shares, totaling 29,843,013 shares, with 18,831,700 shares pledged[120]. Future Outlook - The company plans to expand its market presence and invest in new product development to drive future growth[156]. - Future guidance suggests continued revenue growth, with expectations of reaching 1.5 billion yuan by the end of the year[156]. - The company is exploring potential mergers and acquisitions to enhance its competitive position in the market[156]. Compliance and Audit - The financial report for the first half of 2022 was not audited[132]. - The company has not issued any non-standard audit reports for the previous year[97]. - The company has not reported any exceedances in noise pollution levels, maintaining compliance with the GB12348-2008 standard[77].

怀集登云汽配股份有限公司 2022 年第一季度报告 证券代码：002715 证券简称：登云股份 公告编号：2022-031 怀集登云汽配股份有限公司 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、准确和完整，没有虚假记载、误导 性陈述或者重大遗漏。 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 | | 本报告期 | 上年同期 | 本报告期比上年同期增 | | --- | --- | --- | --- | | | | | 减 | | 营业收入（元） | 114,092,972.01 | 115,100,497.98 | -0.88% | | 归属于上市公司股东的净利润（元） | -3,527,246.22 ...

Financial Performance - The company's operating revenue for 2021 was ¥485,497,959.09, representing a 30.28% increase compared to ¥372,654,175.71 in 2020[22] - The net profit attributable to shareholders decreased by 55.11% to ¥6,886,031.98 from ¥15,339,324.29 in the previous year[22] - The net profit after deducting non-recurring gains and losses surged by 339.86% to ¥4,171,542.89, compared to ¥948,387.12 in 2020[22] - The net cash flow from operating activities was ¥40,890,787.76, down 32.64% from ¥60,705,926.06 in 2020[22] - The basic earnings per share decreased by 55.13% to ¥0.0499 from ¥0.1112 in the previous year[22] - The weighted average return on equity was 1.34%, down from 3.06% in 2020, indicating a decline in profitability[22] - The net profit attributable to shareholders for Q4 2021 was 5.42 million yuan, recovering from losses in the previous quarters[26] - The net cash flow from operating activities in Q4 2021 was 37.34 million yuan, indicating a strong recovery in cash generation[26] - The company reported a negative net profit for the year 2021, leading to no cash dividend distribution or stock bonus issuance[150] Assets and Investments - Total assets increased by 38.15% to ¥1,014,787,233.92 at the end of 2021, up from ¥734,571,723.61 at the end of 2020[23] - The net assets attributable to shareholders rose slightly by 1.10% to ¥514,326,540.46 from ¥508,720,429.31 in 2020[23] - The total investment during the reporting period was ¥162,156,699.70, showing a dramatic increase of 9,727.68% compared to the previous year[75] - The company completed the acquisition of Beijing Huanglong Jintai Mining Co., Ltd. for a total amount of 163.8 million, representing 100% ownership[77] - The company acquired 99% of Beijing Huanglong, entering the gold mining sector, with expected net profits of no less than RMB 10.8 million, RMB 11.4 million, RMB 18 million, and RMB 45.2 million for the years 2021 to 2024 respectively[96] Revenue Streams - In 2021, the company's sales revenue for valve products reached 424.94 million yuan, representing a year-on-year growth of 14.50%[32] - The sales revenue from diesel engine valve products was 245.82 million yuan, with a year-on-year increase of 17.86%[32] - Revenue from valve sales increased by 8.33% to CNY 251.18 million, with a gross profit margin of 24.99%, up 0.06% year-on-year[50] - The company reported a new revenue stream from gold mining operations amounting to CNY 57.06 million, contributing a net profit of CNY 8.52 million[51] Market and Industry Trends - The total production and sales of automobiles in China reached 26.27 million units in 2021, marking a year-on-year growth of 3.8%[32] - The market penetration rate of new energy vehicles in China was 13.4%, an increase of 8 percentage points year-on-year[32] - The company expects the total automobile sales in China to reach 27.5 million units in 2022, with a projected growth of approximately 5%[33] - The domestic valve industry is experiencing increasing concentration, with leading companies expanding their market share through investment and technology absorption[86] - The company anticipates further market expansion and increased competition among leading firms in the valve industry[86] Research and Development - The company has established a strong research and development framework, holding 27 valid patents, including 17 invention patents and 1 international patent[38] - The company has implemented a strategic focus on high-efficiency, high-power diesel engine valves and new energy multi-fuel engine valves since 2016[32] - The company is investing 50 million yuan in R&D for new technologies aimed at improving production efficiency[117] - The company’s R&D investment amounted to ¥14,495,071.06 in 2021, representing a 12.74% increase from ¥12,857,028.48 in 2020[70] - The number of R&D personnel increased by 11.19% to 149 in 2021 from 134 in 2020[70] Operational Efficiency - The company has implemented lean production management since 2003, enhancing production efficiency and reducing error rates[45] - The company aims for a finished product rate of over 97% as part of its quality control objectives[91] - The company plans to enhance its production capacity through the launch of new surface treatment workshops and the construction of new dormitories[91] - The management team emphasized a focus on sustainability and reducing carbon emissions by 30% over the next five years[117] Governance and Compliance - The company maintains an independent governance structure, ensuring that the board of directors and supervisory board operate independently from the controlling shareholder[102] - The company has a dedicated internal audit department to oversee financial operations and ensure compliance with governance standards[103] - The company is committed to transparency and shareholder engagement, as demonstrated by the high participation rates in its general meetings[110] - The company has established a cash dividend policy for the period 2021-2023, which was approved by the board and shareholders[149] Environmental Responsibility - The company strictly adheres to environmental protection laws and regulations, implementing a clean production plan in daily operations[161] - The company has established a management system for hazardous waste, ensuring proper storage and disposal by qualified companies[161] - The company has a total annual non-methane hydrocarbon emission of 11.175 tons, which is compliant with the limits[160] - The company has implemented measures to prevent pollution, including the construction of facilities to manage emissions[161] Employee Management - The total number of employees at the end of the reporting period was 1,614, with 1,202 in production, 25 in sales, 262 in technical roles, 14 in finance, and 111 in administration[144] - The company has implemented a performance assessment and incentive mechanism to enhance employee motivation and collaboration[146] - The company plans to continuously recruit talent and strengthen the training of technical and business backbones[147] Strategic Partnerships - The company has established long-term strategic partnerships with major clients such as Caterpillar and Cummins, earning multiple supplier awards[46] - The company aims to strengthen partnerships with domestic and international engine manufacturers, enhancing its supply chain alliance and expanding its market network both domestically and overseas[89]