关于召开 2023 年第一次临时股东大会通知公告 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。 山东弘宇农机股份有限公司（以下简称"公司"）第四届董事会第四次会 议决定于 2023 年 9 月 6 日（星期三）召开公司 2023 年第一次临时股东大会。 现将召开本次会议有关事宜通知如下： 一、召开会议基本情况 证券代码：002890 证券简称：弘宇股份 公告编号：2023-030 山东弘宇农机股份有限公司 1、股东大会届次：2023 年第一次临时股东大会 2、股东大会召集人：董事会。 3、会议召开的合法、合规性：公司董事会认为本次股东大会的召开符合有 关法律、行政法规、部门规章、规范性文件和《公司章程》的规定。 4、会议召开的日期、时间： 现场会议召开时间：2023 年 9 月 6 日 14：00 开始 网络投票时间： 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 9 月 6 日 9:15-9:25，9:30-11:30，13:00-15:00； 通过深圳证券交易所互联网投票系统投票的具体时间为：2023 年 9 月 6 日 9:15-1 ...

证券代码：002890 证券简称：弘宇股份 山东弘宇农机股份有限公司 投资者关系活动记录表 编号：20230510 □特定对象调研 □分析师会议 □媒体采访 ■业绩说明会 投资者关系活动类别 □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） 董事长兼总经理：柳秋杰 董事、董事会秘书：辛晨萌 活动参与人员 董事、副总经理、财务总监：王铁成 独立董事：杨公随 时间 2023 年 5 月 10 日 15:00-17:00 地点 公司三楼会议室 形式 网络远程 1、请问一下辛军先生有没有资产注入的意 向？ 回复：尊敬的投资者您好，感谢您对公司的 关注。公司如有重大事项将会严格按照法律法 规履行信息披露义务。 交流内容及具体问答记录 2、请问，辛军先生有没有资产注入的意向， 还交易惨淡，公司是否有些利好，刺激一下股 价？ 回复：尊敬的投资者您好，感谢您对公司的 关注。公司股价受宏观经济、市场情况、行业发 证券代码：002890 证券简称：弘宇股份 展等多方面因素影响，公司将尽全力做好自身 企业经营，以业绩回馈广大投资者，敬请您注意 投资风险，谢谢。 3、公司充足的流动资金买理财产品，是否 能够投资 ...

Financial Performance - The company's revenue for Q1 2023 was CNY 122,340,339.51, representing a 10.00% increase compared to CNY 111,218,236.19 in the same period last year[4] - Net profit attributable to shareholders was CNY 6,010,681.06, a significant increase of 43.50% from CNY 4,188,600.30 year-on-year[4] - Basic earnings per share rose to CNY 0.0644, reflecting a 43.43% increase from CNY 0.0449 in the same quarter last year[4] - The company reported a 40.27% increase in net profit after deducting non-recurring gains and losses, amounting to CNY 4,701,894.52 compared to CNY 3,352,106.41 last year[4] - The total operating revenue for Q1 2023 was CNY 122,340,339.51, an increase of 10.1% compared to CNY 111,218,236.19 in the same period last year[16] - The net profit for Q1 2023 was CNY 6,010,681.06, representing a 43.5% increase from CNY 4,188,600.30 in Q1 2022[18] - The total profit for Q1 2023 was CNY 6,659,329.27, an increase from CNY 4,667,025.60 in Q1 2022, marking a growth of 42.6%[17] Cash Flow and Liquidity - The net cash flow from operating activities improved to CNY -1,062,995.36, a 97.12% increase compared to CNY -36,887,183.26 in the previous year[4] - Cash and cash equivalents increased by 58.81% to CNY 40,747,783.23, primarily due to the recovery of matured financial products[8] - Cash and cash equivalents at the end of Q1 2023 amounted to CNY 110,033,161.26, up from CNY 69,285,378.03 at the beginning of the year, representing a growth of 59.0%[13] - Cash and cash equivalents at the end of Q1 2023 totaled CNY 109,613,161.26, compared to CNY 53,469,509.61 at the end of Q1 2022, indicating a significant increase[21] - Investment activities generated a net cash inflow of CNY 41,810,778.59 in Q1 2023, a turnaround from a net outflow of CNY 59,583,527.48 in Q1 2022[20] Assets and Liabilities - Total assets at the end of the reporting period were CNY 759,762,223.15, up 2.76% from CNY 739,361,015.52 at the end of the previous year[4] - Accounts receivable increased to CNY 143,782,853.36 from CNY 104,333,054.07, reflecting a rise of 37.8%[13] - Total assets as of March 31, 2023, were CNY 759,762,223.15, compared to CNY 739,361,015.52 at the beginning of the year, indicating a growth of 2.8%[14] - Total liabilities increased to CNY 172,834,756.54 from CNY 158,563,305.43, marking an increase of 8.9%[14] - The company's total equity as of March 31, 2023, was CNY 586,927,466.61, up from CNY 580,797,710.09, showing a growth of 1.4%[14] - The company reported a total of CNY 1,031,096.67 in contract liabilities, an increase from CNY 811,911.72, reflecting a growth of 27.0%[14] Operating Costs and Expenses - The total operating costs for Q1 2023 were CNY 114,637,047.74, an increase of 7.9% compared to CNY 106,952,588.81 in Q1 2022[17] - The company experienced a 75.31% increase in sales expenses, totaling CNY 2,439,074.05, mainly due to increased sales service fees[8] - Research and development expenses for Q1 2023 were CNY 2,937,502.61, up from CNY 2,602,693.05 in Q1 2022, reflecting a 12.9% increase[17] Investment Income - Investment income decreased by 345.90% to CNY -422,519.15, attributed to increased discounting on notes[8] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 7,042, with the top three shareholders holding a combined 39.01% of the shares[10] Non-Current Assets - The company’s non-current assets totaled CNY 185,047,072.46, up from CNY 180,264,921.69, indicating a growth of 2.1%[13]

Financial Performance - The company's operating revenue for 2022 was CNY 397,574,973.47, a decrease of 3.08% compared to CNY 410,196,044.99 in 2021[18]. - The net profit attributable to shareholders for 2022 was CNY 22,611,233.69, down 8.62% from CNY 24,744,964.45 in 2021[18]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 17,791,657.80, a decline of 14.95% from CNY 20,919,630.23 in 2021[18]. - The company's total revenue for 2022 was ¥397,574,973.47, representing a decrease of 3.08% compared to ¥410,196,044.99 in 2021[38]. - The revenue from the main product, the lifting assembly (large, medium, and small), was ¥294,902,775.01, accounting for 74.18% of total revenue, with a decline of 1.38% from the previous year[38]. - The gross profit margin for the specialized equipment manufacturing industry was 15.96%, down by 1.19% from the previous year[40]. - The company reported a total revenue of 335.8 million for the year 2022[101]. - The company achieved a net profit of RMB 22,611,233.69, with cumulative distributable profits amounting to RMB 264,214,419.76 as of December 31, 2022[114]. Cash Flow and Assets - The net cash flow from operating activities significantly increased to CNY 42,719,420.30, up 947.95% from CNY 4,076,472.26 in 2021[18]. - The total assets at the end of 2022 were CNY 739,361,015.52, reflecting a 3.95% increase from CNY 711,292,332.64 at the end of 2021[18]. - The company's cash and cash equivalents decreased by 11.71% to ¥69,285,378.00 due to increased investments in financial products[57]. - The company's inventory at the end of the period amounted to ¥124,072,280.15, accounting for 16.78% of total assets[185]. - The total current assets increased from ¥532,848,472.03 at the beginning of the year to ¥559,096,093.83 by the end of the year, reflecting a growth of approximately 4.66%[194]. - The total liabilities increased from ¥135,468,346.34 to ¥148,549,920.44, indicating a rise of about 9.66%[195]. - The company's long-term prepaid expenses increased from ¥2,352,551.96 to ¥2,708,674.03, an increase of approximately 15.1%[195]. Shareholder and Governance - The company plans to distribute a cash dividend of CNY 1.4 per 10 shares, totaling CNY 13,066,320.00 based on 93,338,000 shares[3]. - The board of directors held 6 meetings in 2022, passing 27 resolutions, while the supervisory board also held 6 meetings, passing 15 resolutions, ensuring effective governance[80]. - The company maintains complete independence from its controlling shareholders in terms of assets, personnel, finance, and operations[82]. - The company has established a comprehensive internal control system to ensure compliance and safeguard asset security and financial reporting[79]. - The company’s governance structure aligns with legal and regulatory requirements, ensuring the protection of all shareholders' rights[81]. - The company has a structured remuneration assessment process for directors and senior management, based on performance evaluations conducted by the remuneration and assessment committee[96]. - The company has a clear succession plan in place for its senior management roles[86]. Research and Development - The company has accumulated 44 utility model patents, 4 design patents, and 10 invention patents, showcasing its strong R&D capabilities in hydraulic lifting devices[33]. - The company completed the R&D of the export-oriented high-power hydraulic lifter series, aiming to meet market demand and diversify product offerings[45]. - The new electric control lifter series has been developed and is being promoted for industrial application, targeting the high-end market[45]. - The number of R&D personnel decreased by 1.45% to 68, while the proportion of R&D personnel in the total workforce increased slightly to 10.07%[50]. Market and Industry Position - The company is recognized as a leading manufacturer of tractor hydraulic lifters and has been awarded the title of "specialized, refined, distinctive, and innovative" small giant enterprise by the Ministry of Industry and Information Technology[29]. - The agricultural machinery industry in China is undergoing a transformation towards smart and green technologies, presenting both challenges and opportunities for the company[28]. - The company maintains a strong competitive advantage in the tractor hydraulic lifter market through continuous innovation and a focus on quality[32]. - The company is exploring development opportunities in new energy and new materials, in line with national policies on carbon neutrality[31]. Risks and Challenges - The company has identified significant risk factors that may adversely affect its future development strategy and operational goals[3]. - The company faces several risks, including market sales not meeting expectations, raw material price fluctuations, and high customer concentration risks[75]. Employee and Training - The total number of employees at the end of the reporting period was 675, with 672 in the parent company and 3 in major subsidiaries[107]. - The company emphasizes employee training, focusing on improving overall quality and work efficiency, with specific programs for new hires and management levels[110]. - The company has a total of 408 production staff, 165 technical staff, and 19 sales staff among its employees[108]. Internal Controls and Compliance - The internal control system has been established and is effective, ensuring compliance and the integrity of financial reporting[116]. - No significant deficiencies in financial reporting internal controls were identified as of the evaluation report date[117]. - The company maintained effective internal control over financial reporting as of December 31, 2022, with no significant deficiencies reported[122]. Environmental and Social Responsibility - The company has been recognized as an "A-level tax credit enterprise" and a "demonstration enterprise for fulfilling social responsibility" in Shandong Province[129]. - The company has implemented environmental management systems and optimized production processes to control pollutants within regulatory limits[129].

山东弘宇农机股份有限公司（以下简称"公司"）《2022 年年度报告》及摘要 将于 2023 年 4 月 25 日刊登于中国证监会指定信息披露网站巨潮资讯网 （http://www.cninfo.com.cn）。 为便于广大投资者更深入全面地了解公司情况，公司将于 2023 年 5 月 10 日 （星期三）15：00 至 17：00 在深圳市全景网络有限公司提供的网上平台采取网 络远程的方式举行，投资者可登录"全景·路演天下"（http://rs.p5w.net）参与本 次网上年度业绩说明会。 证券代码：002890 证券简称：弘宇股份 公告编号：2023-013 山东弘宇农机股份有限公司 关于举办 2022 年度网上业绩说明会的公告 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。 山东弘宇农机股份有限公司 董 事 会 2023 年 4 月 24 日 出席本次活动的人员有：公司董事长兼总经理柳秋杰先生，董事会秘书辛晨 萌先生，副总经理、财务总监王铁成先生及独立董事杨公随先生。 为充分尊重投资者、提升交流的针对性，现就公司本次说明会提前向投资者 公开征集问题，欢迎 ...

证券代码：002890 证券简称：弘宇股份 公告编号：2022-031 山东弘宇农机股份有限公司 关于参加山东辖区上市公司 2022 年度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、完整，没有虚假 记载、误导性陈述或重大遗漏。 为进一步加强与广大投资者的互动交流，增强与广大投资者的联系，切实提高 上市公司透明度、规范运作和治理水平，山东弘宇农机股份有限公司（以下简称"公 司"）将参加由中国证券监督管理委员会山东监管局与山东上市公司协会联合举办 的"山东辖区上市公司 2022 年度投资者网上集体接待日"活动，现将有关事项公 告如下： 本次投资者网上集体接待日活动将通过深圳市全景网络有限公司提供的网上 平台举行，投资者可以登录全景网"投资者关系互动平台"（http://rs.p5w.net）参与 公司本次投资者网上接待日活动。网上互动交流时间为 2022 年 11 月 16 日（星期 三）14:00-16:00。 届时公司董事长兼总经理柳秋杰先生、董事、副总经理、董事会秘书刘志鸿先 生及董事、副总经理、财务总监王铁成先生将采用网络在线交流方式与投资者就公 司治理及社会责任/ ...

Revenue and Profit - Revenue for Q3 2022 reached ¥110,657,401.87, an increase of 20.31% compared to the same period last year[4] - Net profit attributable to shareholders was ¥7,064,334.94, up 10.22% year-on-year, while net profit after deducting non-recurring gains and losses was ¥5,922,985.88, a 3.00% increase[4] - Total operating revenue for the current period reached ¥309,764,425.23, a slight increase from ¥303,535,820.67 in the previous period, representing a growth of approximately 1.1%[16] - Net profit for the current period was ¥15,806,227.90, down from ¥16,004,197.15 in the previous period, reflecting a decrease of approximately 1.2%[18] - The total comprehensive income for the current period was ¥15,806,227.90, slightly lower than ¥16,004,197.15 in the previous period[18] Cash Flow - Cash flow from operating activities showed a net outflow of ¥7,431,780.01, a significant decrease of 74.85% compared to the previous year[4] - Cash flow from operating activities showed a net outflow of ¥7,431,780.01, an improvement compared to the outflow of ¥29,555,445.35 in the previous period[21] - Cash inflow from investment activities totaled ¥476,648,160.67, significantly higher than ¥201,214,652.28 in the previous period, indicating a growth of approximately 136.5%[21] - Cash outflow from investment activities increased to ¥554,485,702.99 from ¥192,278,659.06, representing a rise of about 187.5%[21] - The company reported a cash and cash equivalents net decrease of ¥94,603,122.33, compared to a decrease of ¥29,953,252.13 in the previous period[21] Assets and Liabilities - Total assets at the end of the reporting period were ¥702,763,301.78, down 1.20% from the end of the previous year[4] - Total assets decreased from CNY 711,292,332.64 to CNY 702,763,301.78[15] - Total liabilities decreased from CNY 144,795,796.58 to CNY 128,858,597.29[15] - The company's retained earnings increased from CNY 254,338,148.32 to CNY 260,810,576.22[15] - The total equity attributable to the parent company increased from CNY 566,496,536.06 to CNY 573,904,704.49[15] Shareholder Information - Total number of common shareholders at the end of the reporting period is 5,740[11] - The largest shareholder, Yu Xiaoqing, holds 16.08% of shares, totaling 15,009,337 shares[11] - The company has no preferred shareholders as indicated in the report[13] Receivables and Inventory - The company reported a 100% increase in notes receivable, totaling ¥7,470,000.00, due to an increase in held letters of credit[8] - Accounts receivable increased from CNY 116,047,121.45 to CNY 130,977,184.32 during the same period[14] - Inventory decreased from CNY 133,381,893.06 to CNY 112,150,163.65[14] Tax and Investment Income - Investment income increased by 51.01% to ¥605,428.51, primarily due to increased cash discount income[9] - The company experienced a 66.34% increase in taxes payable, amounting to ¥2,480,086.61, mainly due to an increase in value-added tax payable[8] Earnings Per Share - The basic and diluted earnings per share decreased to 0.1693 from 0.1715, indicating a decline of about 1.3%[18]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥199,107,023.36, a decrease of 5.89% compared to ¥211,559,908.50 in the same period last year[18]. - The net profit attributable to shareholders was ¥8,741,892.96, down 8.89% from ¥9,595,116.17 year-on-year[18]. - Basic earnings per share decreased to ¥0.0937, down 8.85% from ¥0.1028 in the same period last year[18]. - Total revenue for the reporting period was ¥199,107,023.36, a decrease of 5.89% compared to ¥211,559,908.50 in the same period last year[37]. - The gross profit margin for the professional equipment manufacturing industry was 13.87%, down 3.68% from the previous year[38]. - The total profit for the first half of 2022 was CNY 9,599,382.22, down 4.14% from CNY 10,014,948.81 in the same period of 2021[123]. - The company's operating profit for the first half of 2022 was CNY 9,625,638.50, a decline of 7.93% from CNY 10,453,678.25 in the first half of 2021[123]. - The total comprehensive income for the first half of 2022 was CNY 8,741,892.96, down from CNY 9,595,116.17 in the first half of 2021, reflecting a decrease of 8.93%[124]. Cash Flow and Financial Position - The net cash flow from operating activities improved significantly to -¥1,071,570.35, a 97.28% increase compared to -¥39,422,331.34 in the previous year[18]. - The company's cash and cash equivalents decreased by 172.77% to approximately -¥88.75 million, primarily due to increased investments in financial products[35]. - The company's cash flow from operating activities improved significantly, with a net cash flow of approximately -¥1.07 million, a 97.28% increase compared to -¥39.42 million in the previous year[35]. - Cash and cash equivalents at the end of the first half of 2022 stood at 61,189,516.76 CNY, compared to 45,592,709.35 CNY at the end of the first half of 2021, reflecting an increase of approximately 34%[130]. - The net cash increase for the first half of 2022 was -88,750,703.59 CNY, worsening from -32,536,913.64 CNY in the first half of 2021[130]. - The total current assets remained relatively stable, totaling ¥532,716,430.31 compared to ¥532,848,472.03 at the beginning of the year, showing a slight decrease of 0.02%[115]. Assets and Liabilities - Total assets at the end of the reporting period were ¥706,388,902.11, a decrease of 0.69% from ¥711,292,332.64 at the end of the previous year[18]. - The company's net assets attributable to shareholders increased slightly to ¥566,616,527.00, up 0.02% from ¥566,496,536.06 at the end of the previous year[18]. - Total liabilities decreased from CNY 144,795,796.58 at the beginning of the year to CNY 139,772,375.11, reflecting a decline of about 3.5%[117]. - The company's fixed assets decreased from CNY 147,231,786.40 at the beginning of the year to CNY 140,449,238.32 by June 30, 2022, a decline of approximately 4.9%[116]. Research and Development - The company's R&D investment decreased by 44.36% to approximately ¥4.95 million, primarily due to phase changes in product development activities[35]. - The company holds a total of 32 utility model patents, 4 design patents, and 7 invention patents, demonstrating its strong R&D and technological capabilities[29]. - The company plans to adjust its product structure by adding automotive parts and continue to strengthen technological innovation and quality management[60]. Market and Business Strategy - The company's main business involves the research, production, and sales of agricultural tractor hydraulic lift devices, with a focus on large and medium horsepower lift devices and their accessories[26]. - The company is actively exploring development opportunities in new energy and new materials, aligning with national policy directions for strategic transformation[27]. - The company has established stable partnerships with major tractor manufacturers, including Weichai Lovol and YTO Group, enhancing its customer advantage in the hydraulic lift device market[31]. Risks and Challenges - The company faced significant risks that could adversely affect its future development strategy and operational goals[3]. - The company faces several risks, including market risk from reliance on the tractor main engine market and competition risk, as well as operational risks related to raw material price fluctuations and customer concentration[60]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period is 7,712[101]. - The largest shareholder, Yu Xiaoqing, holds 16.08% of the shares, totaling 15,009,337 shares[101]. - Xin Jun, another significant shareholder, holds 12.51% of the shares, totaling 11,673,928 shares[101]. Corporate Governance - There were no changes in the board of directors, supervisors, or senior management during the reporting period[63]. - The company has not implemented any stock incentive plans or employee stock ownership plans during the reporting period[65]. - The annual shareholders meeting had a participation rate of 40.99% on May 9, 2022[62]. Compliance and Auditing - The half-year financial report has not been audited[77]. - The company did not engage in any significant related party transactions during the reporting period[80]. - There were no significant environmental penalties or issues reported during the period[68]. Investment and Capital Management - The company raised a total of RMB 21,270.92 million from the public offering of 16.67 million shares at RMB 12.76 per share, with a net amount of RMB 17,245.06 million after deducting issuance costs of RMB 4,025.86 million[52]. - The company plans to use up to RMB 180 million of idle raised funds for cash management, ensuring it does not affect the normal use of the raised funds[53]. - As of the reporting period, the company has not made any changes to the investment projects funded by the raised capital, and the total amount of funds invested remains at RMB 17,245.06 million[55].

证券代码：002890 证券简称：弘宇股份 公告编号：2022-017 山东弘宇农机股份有限公司 2022 年第一季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准 确、完整，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带 的法律责任。 2.公司负责人、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 山东弘宇农机股份有限公司 2022 年第一季度报告全文 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） | 111,218,236.19 | 113,145,977.03 | -1.70% | | 归属于上市公司股东的净利润（元） | 4,188,600.30 | 4,231,2 ...

Financial Performance - The company's operating revenue for 2021 was approximately ¥410.20 million, representing a 0.96% increase compared to ¥406.28 million in 2020[17]. - The net profit attributable to shareholders for 2021 was approximately ¥24.74 million, reflecting a 5.66% increase from ¥23.42 million in 2020[17]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥20.92 million, an increase of 11.20% from ¥18.81 million in 2020[17]. - The basic earnings per share for 2021 was ¥0.27, an increase of 8.00% compared to ¥0.25 in 2020[17]. - In 2021, the company achieved operating revenue of CNY 410.20 million, a year-on-year increase of 0.96%, and a net profit attributable to shareholders of CNY 24.75 million, up 5.66% from the previous year[37]. - The total operating revenue for 2021 was CNY 410,196,044.99, a slight increase from CNY 406,275,564.89 in 2020, representing a growth of approximately 0.45%[197]. - The net profit for 2021 reached CNY 24,744,964.45, up from CNY 23,419,933.84 in 2020, reflecting an increase of approximately 5.64%[199]. - The gross profit margin for 2021 was approximately 6.5%, calculated from the difference between total revenue and total costs[197]. Cash Flow and Assets - The net cash flow from operating activities decreased significantly to approximately ¥4.08 million, down 92.29% from ¥52.89 million in 2020[17]. - The company reported a net cash flow from operating activities of 33.632 million yuan in Q4, following a negative cash flow in the first three quarters[21]. - The total assets at the end of 2021 were approximately ¥711.29 million, an increase of 8.72% from ¥654.26 million at the end of 2020[17]. - The net cash flow from operating activities decreased by 92.29% to ¥4,076,472.26, primarily due to a reduction in cash received from sales[51]. - The total amount of cash and cash equivalents increased by 202.34% to ¥71,810,597.36, attributed to a reduction in financial products and an increase in bank deposits[51]. - As of the end of 2021, cash and cash equivalents increased to ¥149,940,220.3, representing 21.08% of total assets, up from 13.47% at the beginning of the year, a change of 7.61% attributed to the recovery of investment financial products[57]. - The accounts receivable balance at the end of the period was CNY 120,068,690.85, with a provision for credit impairment of CNY 4,021,569.40, accounting for 16.88% of total assets[180]. Research and Development - The company holds 32 utility model patents, 4 design patents, and 7 invention patents, showcasing its strong R&D capabilities in hydraulic lifting devices for tractors[32]. - The company has developed a second-generation electric control lifter prototype in collaboration with Bosch Rexroth, which received positive feedback at the Qingdao Agricultural Machinery Exhibition[32]. - Research and development expenses increased by 10.10% to ¥13,752,655.22, accounting for 3.35% of operating revenue[50]. - The company maintained 69 R&D personnel, with a proportion of 9.94% of total employees[49]. Market Position and Challenges - The company is recognized as a leading enterprise in the hydraulic lifting device market for tractors, actively participating in the drafting of industry standards[32]. - The company faced challenges due to rising prices of raw materials but managed to maintain growth in revenue and profit[28]. - The agricultural machinery industry in China showed resilience and growth despite global challenges, with strong demand for tractors[27]. - The company emphasizes the importance of transforming agricultural management methods to enhance competitiveness and increase farmer income[30]. Governance and Shareholder Information - The company held 7 board meetings and 3 shareholder meetings during the year, ensuring transparency and effective governance[76]. - The company’s governance practices comply with relevant laws and regulations, with independent directors actively fulfilling their responsibilities[75]. - The total shares held by the chairman and general manager, Liu Qiujie, increased from 1,997,856 to 2,796,990 shares during the reporting period[79]. - The company has maintained complete independence from its controlling shareholders in terms of assets, personnel, finance, and business operations[77]. - The company reported no changes in the positions of directors, supervisors, and senior management during the reporting period[80]. Employee and Social Responsibility - The total number of employees at the end of the reporting period is 694, with 690 from the parent company and 4 from major subsidiaries[97]. - The company has signed labor contracts with employees and provides social insurance, including basic medical and pension insurance[117]. - The company has been recognized as an A-level taxpayer and a model enterprise for fulfilling social responsibilities in Shandong Province[118]. Financial Management and Internal Controls - The company has implemented a comprehensive internal control system, ensuring effective financial reporting and compliance with regulations[106]. - There were no significant defects identified in the internal control over financial reporting during the evaluation period[107]. - The company’s financial management practices are guided by its internal regulations, ensuring transparency and accountability in remuneration decisions[87]. Future Plans and Investments - The company plans to use up to ¥180 million of idle raised funds for cash management, ensuring it does not affect the normal use of the raised funds[65]. - The company has committed a total investment of CNY 17,245.06 million for the hydraulic lifting device project, with no progress made during the reporting period[67]. - The company plans to acquire 100% equity of Beijing Bokesen Media Technology Co., Ltd. through asset replacement and share issuance, which is expected to constitute a major asset restructuring as per regulations[149].