南京越博动力系统股份有限公司 2022 年半年度报告(更正后) 2023-062 2023 年 4 月 1 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、误导性陈述或者重大遗漏,并承担 个别和连带的法律责任。 公司负责人李占江、主管会计工作负责人李占江及会计机构负责人(会计 主管人员)徐方伟声明:保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本半年度报告所涉及的公司未来发展展望、经营计划等前瞻性陈述,不 构成对投资者的实质承诺,请投资者认真阅读,注意投资风险。投资者及相 关人士均应对此保持足够的风险认识,并应理解计划、预测与承诺之间的差 异。 公司在本报告"第三节 管理层讨论与分析"之"十、公司面临的风险和 应对措施"部分,详细阐述了公司经营中可能存在的风险,敬请投资者关注 相关内容。 公司计划不派发现金红利,不送红股,不以公积金转增股本。 | 目录 | | |--------------------------------|----| | 第一节 重要提示、目录和释义 | | | ...

Financial Performance - The company's revenue for Q1 2022 was CNY 105,867,175.70, representing a 2.83% increase compared to CNY 102,957,038.81 in the same period last year[5]. - The net profit attributable to shareholders was a loss of CNY 16,508,004.41, a decrease of 386.64% from a profit of CNY 5,759,179.49 in the previous year[5]. - The company's total revenue for the first quarter was CNY 133,548,591.56, a 29.71% increase compared to the previous year's CNY 102,957,038.81, driven by increased sales in power systems and communication-related products[10]. - Net profit for Q1 2022 was a loss of CNY 18,266,342.78, compared to a profit of CNY 2,846,895.12 in Q1 2021[23]. - The total comprehensive income for the period was -18,266,342.78 CNY, compared to 2,846,895.12 CNY in the previous period[24]. Cash Flow and Liquidity - The net cash flow from operating activities improved to CNY 12,891,747.21, a significant increase of 110.66% compared to a negative cash flow of CNY -120,883,747.10 in the same period last year[5]. - The company's cash and cash equivalents decreased from 20,402,383.68 to 16,026,685.72, a decline of approximately 21.8%[18]. - The company's cash and cash equivalents decreased, impacting liquidity, with current assets totaling CNY 883,121,542.81, up from CNY 830,577,535.20[20]. - The net cash flow from investing activities was -8,575,890.06 CNY, down from 54,109,296.23 CNY in the previous period[27]. - Cash inflow from financing activities was 199,105,686.31 CNY, compared to 155,667,668.00 CNY in the previous period[27]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 1,438,305,676.67, reflecting a 3.90% increase from CNY 1,384,361,727.30 at the end of the previous year[5]. - Current liabilities rose to CNY 1,266,212,922.43, compared to CNY 1,190,765,064.85 in the previous period, reflecting an increase of approximately 6.34%[20]. - The total liabilities increased to CNY 1,317,668,072.50, compared to CNY 1,245,457,780.35 in the previous period, marking a rise of approximately 5.79%[20]. - The company's equity attributable to shareholders decreased to CNY 111,905,485.87 from CNY 128,413,490.28, reflecting a decline of about 12.76%[20]. Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,072[12]. - The total number of shares held by the largest shareholder, Li Zhanjiang, is 19,910,154, representing 25.36% of the total shares[13]. - The total number of shares held by the second-largest shareholder, Nanjing Yuebo Jincheng, is 6,160,000, accounting for 7.85% of the total shares[13]. - The total number of shares held by the top ten shareholders with unrestricted shares amounts to 6,160,000[14]. - The company reported a total of 16,032,615 shares under lock-up for the controlling shareholder, Li Zhanjiang, after a release of 662,500 shares[16]. Operating Costs and Expenses - The operating costs rose by 57.01% to CNY 120,061,077.42, in line with the increase in sales revenue[10]. - Total operating costs for Q1 2022 were CNY 123,535,743.87, up 20% from CNY 102,913,639.57 year-on-year[22]. - The company paid 10,665,040.85 CNY in employee compensation, an increase from 7,645,940.62 CNY in the previous period[27]. - Research and development expenses for Q1 2022 were CNY 6,107,358.68, compared to CNY 5,256,363.98 in the same period last year, indicating a growth of 16.19%[23]. - The company reported a significant increase in financial expenses, with interest expenses rising to CNY 10,062,394.01 from CNY 9,147,621.58 year-on-year[23]. Accounts Receivable and Other Receivables - The accounts receivable increased by 41.10% to CNY 337,671,062.61, attributed to revenue not yet settled[10]. - Accounts receivable increased significantly from 239,307,765.06 to 337,671,062.61, reflecting a growth of about 41%[18]. - The total amount of other receivables increased from 15,200,209.51 to 17,621,206.44, indicating a rise of about 15.9%[18]. Strategic Developments - The company has no new strategies or significant market expansions mentioned in the report[17]. - The company has not disclosed any new product developments or technological advancements in the current report[17].

Financial Performance - The company's revenue for Q1 2023 was ¥69,354,437.30, a decrease of 34.49% compared to ¥105,867,175.70 in the same period last year[5] - The net profit attributable to shareholders was -¥19,161,981.47, representing a decline of 16.08% from -¥16,508,004.41 year-on-year[5] - Total operating revenue for Q1 2023 was CNY 69,354,437.30, a decrease of 34.3% compared to CNY 105,867,175.70 in the same period last year[21] - Net loss for Q1 2023 was CNY 20,663,244.16, compared to a net loss of CNY 18,266,342.78 in Q1 2022, reflecting a decline in profitability[22] - Basic and diluted earnings per share for Q1 2023 were both CNY -0.1356, compared to CNY -0.1168 in Q1 2022, indicating a worsening in earnings per share[23] Cash Flow - The cash flow from operating activities showed a net outflow of -¥11,718,255.10, a significant decrease of 190.90% compared to a positive cash flow of ¥12,891,747.21 in Q1 2022[5] - The net cash flow from operating activities for the current period is -11,718,255.10 CNY, a decrease from 12,891,747.21 CNY in the previous period[26] - Total cash inflow from operating activities is 61,442,942.50 CNY, down 50.9% from 125,173,387.12 CNY in the previous period[26] - Cash outflow from operating activities is 73,161,197.60 CNY, a decrease of 34.8% compared to 112,281,639.91 CNY in the previous period[26] - The net cash flow from investing activities is -11,396,422.84 CNY, worsening from -8,575,890.06 CNY in the previous period[26] - Cash inflow from investing activities is 653,061.20 CNY, up from 281,415.94 CNY in the previous period[26] - Cash outflow from investing activities increased to 12,049,484.04 CNY from 8,857,306.00 CNY in the previous period[26] - The net cash flow from financing activities is 21,926,470.87 CNY, improving from -1,336,802.74 CNY in the previous period[26] - Cash inflow from financing activities is 29,850,000.00 CNY, down from 199,105,686.31 CNY in the previous period[26] - The ending cash and cash equivalents balance is 1,056,408.24 CNY, significantly lower than 6,557,257.17 CNY in the previous period[26] Assets and Liabilities - Total assets increased by 10.37% to ¥1,349,163,372.87 from ¥1,222,455,341.03 at the end of the previous year[5] - Total liabilities rose to CNY 1,458,178,607.52, compared to CNY 1,312,369,493.22 in the same period last year, indicating increased financial obligations[19] - The company's total non-current liabilities increased to CNY 103,881,545.11, compared to CNY 52,179,862.21 in the previous year, reflecting a significant rise in long-term obligations[19] - The total equity attributable to shareholders of the parent company was CNY -106,349,634.66, compared to CNY -83,599,062.74 in the same period last year, indicating a decline in shareholder equity[19] Shareholder Information - The company has a total of 16,216 common shareholders as of the report date[10] - Major shareholder Li Zhanjiang holds 24.66% of the shares, with 34,838,277 shares pledged[11] - The top 10 unrestricted shareholders hold a total of 11,088,000 shares, with the largest shareholder owning 8,340,511 shares[12] - The company has 34,838,277 shares under lock-up, with 5,979,570 shares newly added during the reporting period[14] Risk and Warnings - The company reported a net asset of -83,599,062.74 RMB as of the end of 2022, leading to a risk warning for potential delisting due to negative net assets[15] - The company's stock is currently under a delisting risk warning, indicated by the "*ST" prefix on its stock name[15] - The company's financial position remains under scrutiny due to the negative net asset situation, impacting investor confidence[15] Operational Metrics - The company reported a 31.06% increase in accounts receivable, reaching ¥296,342,579.82 due to income not yet settled[9] - As of March 31, 2023, accounts receivable increased to 296,342,579.82 RMB from 226,110,072.23 RMB at the beginning of the year, reflecting a growth of approximately 31%[17] - The company has a significant increase in prepayments, rising to 31,255,025.72 RMB from 25,338,995.20 RMB, indicating a growth of approximately 23%[17] - The company’s other receivables decreased to 3,196,704.16 RMB from 9,439,178.76 RMB, showing a decline of about 66%[17] Research and Development - Research and development expenses decreased by 31.58% to ¥4,178,633.48 compared to ¥6,107,358.68 in Q1 2022[9] - Research and development expenses for Q1 2023 were CNY 4,178,633.48, down 31.7% from CNY 6,107,358.68 in the previous year[22] Product Development and Strategy - The company has not disclosed any new product developments or market expansion strategies in the current report[14]

Financial Performance and Distress - The company's audited equity attributable to shareholders was -83.5991 million RMB, indicating significant financial distress[7] - The company received a qualified audit opinion due to substantial doubt about its ability to continue as a going concern[5] - The stock will be subject to delisting risk warning and other risk warnings, with the stock name changed to "*ST Yuebo" effective from May 4, 2023[8] - The company plans not to distribute cash dividends or issue bonus shares[9] - The management has acknowledged the decline in performance and outlined measures to improve profitability in the report[6] - The company has faced negative net profits for the last three accounting years, with the lowest net profit after deducting non-recurring gains and losses being negative[7] - The company’s stock was suspended for one day on April 28, 2023, and resumed trading on May 4, 2023[7] - The report includes a disclaimer that future operational goals and plans are subject to market conditions and management efforts, indicating high uncertainty[6] - The company’s financial report was audited by Zhongshun Yatai Accounting Firm, which issued a report with a significant uncertainty paragraph[5] - The management team has committed to ensuring the accuracy and completeness of the financial report[3] Revenue and Profitability - The company's operating revenue for 2022 was ¥142,296,936.34, a decrease of 53.61% compared to ¥306,735,859.03 in 2021[26] - The net profit attributable to shareholders was -¥213,045,206.02, showing an improvement of 7.27% from -¥229,737,352.73 in the previous year[26] - The basic earnings per share for 2022 was -¥1.51, a 7.36% improvement from -¥1.63 in 2021[26] - The total assets at the end of 2022 were ¥1,222,455,341.03, down 11.70% from ¥1,384,361,727.30 at the end of 2021[26] - The company reported a significant increase in cash flow from operating activities, with a net cash flow of -¥2,782,401.70, improving by 97.52% from -¥112,357,412.24 in 2021[26] - The company experienced a quarterly revenue decline in Q4 2022, reporting -¥3,879,857.75, following revenues of ¥105,867,175.70 in Q1, ¥13,153,533.62 in Q2, and ¥27,156,084.77 in Q3[28] - The net profit attributable to shareholders for Q4 2022 was -¥97,034,879.08, contributing to a total annual loss[28] Market and Industry Trends - The automotive industry in China saw a production and sales increase of 3.4% and 2.1%, respectively, with new energy vehicle sales exceeding 6.8 million units, capturing a market share of 25.6%[38] - In 2022, the production and sales of commercial vehicles in China reached 3.185 million and 3.3 million units, respectively, representing a year-on-year decline of 31.9% and 31.2%[39] - The sales of trucks in 2022 were 2.778 million and 2.893 million units, down 33.4% and 32.6% year-on-year, while buses sold 407,000 and 408,000 units, down 19.9% and 19.2%[39] Research and Development - The company focuses on the research, development, production, and sales of new energy vehicle powertrain systems, aiming to become a leader in this sector[44] - The company has applied for a total of 450 patents, of which 295 have been granted as of the end of the reporting period[51] - The company has developed 44 invention patents, 216 utility model patents, and 20 design patents, showcasing its strong R&D capabilities[51] - The company is actively pursuing new technologies, including a next-generation pure electric heavy-duty truck powertrain that aims to double motor speed while halving torque[67] - The company is focusing on expanding its hydrogen fuel cell projects and has established a hydrogen power system research institute to support this initiative[113] Strategic Initiatives and Future Outlook - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 25% driven by new product launches and market expansion[53] - The company plans to expand its market presence in Southeast Asia, targeting a 10% market share within the next two years[53] - The company is exploring partnerships with international firms to enhance its global supply chain and distribution network[53] - The company plans to enhance its product offerings in the commercial vehicle sector, including a full range of electric buses and specialized vehicles, covering weights from 2.5T to 99T[112] - The operational plan for 2023 includes enhancing management efficiency, improving marketing capabilities, and increasing R&D investment to maintain core competitiveness[114] Management and Governance - The company has experienced significant changes in its management team, with multiple resignations including the general manager and several vice presidents due to personal reasons[145] - The company announced the dismissal of its chairman and general manager, Li Zhanjiang, due to substantial unpaid debts and being listed as a dishonest executor[148] - The company is undergoing a restructuring of its board, with the appointment of new independent directors expected following the recent resignations[144] - The company has held 5 shareholder meetings during the reporting period, ensuring compliance with legal and regulatory requirements[124] - The company maintains independence from its controlling shareholders in terms of assets, personnel, finance, and operations, ensuring a complete and autonomous business system[132] Financial Management and Compliance - The company has established a robust internal control system to enhance governance and risk prevention capabilities[123] - The company has not reported any significant legal disputes affecting its financial position during the reporting period[89] - The company has committed to fulfilling its obligations under relevant laws and regulations regarding stock transactions and management responsibilities[195] - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties during the reporting period[196] - The company has established a complete and reasonable corporate governance structure and internal control system, but recognizes the need for further improvement due to business scale growth and external market changes[182]

南京越博动力系统股份有限公司 2022 年第三季度报告 证券代码：300742 证券简称：越博动力 公告编号：2023-063 南京越博动力系统股份有限公司 2022 年第三季度报告（更正后） 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.第三季度报告是否经过审计 □是 否 1 南京越博动力系统股份有限公司 2022 年第三季度报告 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 | 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） | 27,156,084.77 | ...

Financial Performance - The company's revenue for Q3 2022 was ¥27,156,084.77, a decrease of 64.54% compared to the same period last year[4] - The net profit attributable to shareholders was -¥39,655,064.40, representing a decline of 8,194.85% year-on-year[4] - The net profit after deducting non-recurring gains and losses was -¥39,889,565.64, down 6,888.63% from the previous year[4] - The company experienced a 20.59% decline in revenue for the first nine months of 2022, totaling ¥225,987,678.79 compared to ¥284,584,023.00 in the same period last year[9] - Total operating revenue for Q3 2022 was CNY 225,987,678.79, a decrease of 20.5% compared to CNY 284,584,023.00 in the same period last year[19] - Net loss for Q3 2022 was CNY 120,992,307.73, compared to a net profit of CNY 3,363,689.73 in Q3 2021[20] - The total comprehensive income for the third quarter was -120,992,307.73 CNY, compared to 3,363,689.73 CNY in the previous period[21] Assets and Liabilities - The total assets at the end of the reporting period were ¥1,254,061,461.51, a decrease of 9.41% from the end of the previous year[4] - The company's total assets decreased to CNY 1,254,061,461.51 from CNY 1,384,361,727.30, reflecting a decline of 9.4%[17] - Current liabilities totaled CNY 1,186,423,992.37, slightly down from CNY 1,190,765,064.85 in the previous quarter[17] - The company's long-term liabilities decreased to CNY 49,725,829.92 from CNY 54,692,715.50, a reduction of 9.0%[17] - The equity attributable to shareholders of the parent company fell to CNY 12,403,163.34 from CNY 128,413,490.28, a decline of 90.3%[17] Earnings and Shares - The company's basic and diluted earnings per share were both -¥0.281, reflecting a decline of 4,506.56% year-on-year[4] - The basic and diluted earnings per share were both -0.821 CNY, down from 0.3328 CNY in the previous period[21] - The total number of common shareholders at the end of the reporting period is 15,793[11] - The largest shareholder, Li Zhanjiang, holds 35,838,277 shares, representing 25.36% of the total shares, with 28,858,707 shares pledged and 16,771,215 shares frozen[11] - The second-largest shareholder, Nanjing Yuebo Dynamic Investment Fund, holds 11,088,000 shares, representing 7.85% of the total shares[11] - The company has a total of 11,088,000 unrestricted shares held by Nanjing Yuebo Dynamic Investment Fund Partnership[11] Cash Flow - Cash flow from operating activities showed a net outflow of -¥35,608,904.44, an improvement of 63.14% compared to the previous period[9] - Cash inflow from operating activities was 170,471,252.95 CNY, a decrease of 37.6% from 273,803,205.86 CNY in the previous period[22] - Cash outflow from operating activities totaled 206,080,157.39 CNY, down from 370,398,856.75 CNY in the previous period[23] - The net cash flow from operating activities was -35,608,904.44 CNY, an improvement from -96,595,650.89 CNY in the previous period[23] - Cash flow from investing activities was -2,318,911.62 CNY, compared to 41,775,386.20 CNY in the previous period[23] - Cash flow from financing activities generated a net inflow of 37,549,034.84 CNY, up from 3,192,385.36 CNY in the previous period[23] - The ending balance of cash and cash equivalents was 3,199,421.54 CNY, down from 15,289,383.08 CNY in the previous period[23] - As of September 30, 2022, the company's cash and cash equivalents amount to ¥4,424,740.16, down from ¥20,402,383.68 at the beginning of the year[14] Expenses - Total operating costs increased to CNY 318,567,212.11, up 4.8% from CNY 304,092,623.76 year-on-year[19] - Research and development expenses increased by 17.11% to ¥18,966,242.24 for the first nine months of 2022[9] - Research and development expenses for Q3 2022 were CNY 18,966,242.24, an increase of 17.1% compared to CNY 16,195,834.82 in Q3 2021[20] - The company reported a significant increase in financial expenses, which rose by 35.48% to ¥37,800,275.73 due to increased discounting fees and interest from non-financial institutions[9] - Financial expenses rose to CNY 37,800,275.73, up 35.4% from CNY 27,899,991.12 year-on-year[20] - The company reported a significant increase in interest expenses, which reached CNY 33,901,493.22, compared to CNY 27,812,867.81 in the previous year[20] Strategic Initiatives - The company has signed a strategic cooperation agreement with the Wuhu Municipal Government and Chery New Energy Automobile Co., Ltd., focusing on production R&D, talent training, and market promotion[13] - The company is in discussions for a follow-up cooperation arrangement with the Wuhu government regarding a capital increase plan[13] - The company will continue to monitor the progress of the cooperation and fulfill its disclosure obligations[13] Audit and Reporting - The company did not undergo an audit for the third quarter report[24] - The report was released by the board of directors on October 26, 2022[25]

Financial Performance - The company's operating revenue for the first half of 2022 was ¥198,831,594.02, a decrease of 4.41% compared to ¥207,998,741.66 in the same period last year[23]. - The net profit attributable to shareholders of the listed company was -¥76,355,262.54, representing a decline of 387.05% from a profit of ¥26,599,816.21 in the previous year[23]. - The basic and diluted earnings per share were both -¥0.54, a decrease of 384.21% from ¥0.19 in the previous year[23]. - The total assets at the end of the reporting period were ¥1,378,019,556.71, a slight decrease of 0.46% from ¥1,384,361,727.30 at the end of the previous year[23]. - The net assets attributable to shareholders of the listed company decreased by 59.46% to ¥52,058,227.74 from ¥128,413,490.28 at the end of the previous year[23]. - The gross margin for the first half of 2022 improved to 35%, up from 30% in the same period last year, reflecting better cost management and pricing strategies[46]. - The company reported a total investment of 5,564,000, a decrease of 51.83% compared to the previous year's investment of 11,550,000[78]. - The company reported a net profit of -41,610,299.03 yuan for the first half of 2022, compared to a net profit of 37,012,055.27 yuan in the same period of 2021, indicating a significant decline[188]. - The total comprehensive income for the period was -41,610,299.03 yuan, compared to 37,012,055.27 yuan in the previous year, reflecting a substantial decline[189]. Cash Flow and Liquidity - The net cash flow from operating activities improved to ¥2,828,550.54, a significant increase of 104.01% compared to -¥70,599,056.53 in the same period last year[23]. - The company reported a significant increase in credit impairment losses, amounting to CNY -20.45 million compared to CNY 2.16 million in the first half of 2021[184]. - The cash and cash equivalents at the end of the period amounted to 7,718,980.62 yuan, a decrease from 33,093,322.11 yuan at the end of the first half of 2021[192]. - The company experienced a cash outflow of 164,680,813.38 yuan in operating activities, compared to 275,386,369.73 yuan in the first half of 2021, showing a reduction of about 40.3%[190]. - The total cash inflow from financing activities amounted to 382,693,796.41 CNY, up from 196,300,000.00 CNY in the previous period, reflecting a 94.8% increase[194]. - The ending balance of cash and cash equivalents increased to 6,240,580.39 CNY from 222,424.57 CNY, marking a substantial rise[194]. Investment and R&D - The company has committed to invest a total of 42,113 million CNY in new energy vehicle powertrain system projects, with 19,758 million CNY already invested as of the report date[89]. - The company is committed to continuous R&D investment to maintain technological advancement in the rapidly evolving electric vehicle industry, particularly in integrated powertrain systems[109]. - Research and development expenses remained relatively stable at CNY 13.51 million, compared to CNY 13.24 million in the first half of 2021[184]. - The company has filed a total of 453 intellectual property applications, with 299 granted, including 190 invention patents and 226 utility models[43]. - The company has developed 32 new technologies in the field of electric vehicle drive systems, showcasing significant innovation in the sector[45]. Market Position and Strategy - The company specializes in the research, production, and sales of powertrain systems for electric vehicles, aiming to become a leader in the field[31]. - The company has successfully achieved mass application of its powertrain systems in pure electric buses and commercial vehicles, supported by extensive market validation[33]. - The company is focused on integrating advanced technologies into its products to improve efficiency and performance in electric vehicles[44]. - The company aims to expand its market presence by leveraging its innovative technologies in the electric vehicle sector[45]. - The company plans to enhance its management system and internal controls to mitigate operational management risks as its organizational structure becomes more complex[108]. Risks and Challenges - The company faces risks from changes in industry policies, particularly regarding the gradual reduction of subsidies for new energy vehicles, which may negatively affect production and operations[101]. - The company is exposed to market risks related to raw material supply and price fluctuations, which could adversely affect production and operations[102]. - The company anticipates increased competition in the new energy vehicle sector, which may lead to declining product prices as the industry matures[103]. - There is a risk that R&D investments may not yield expected technological results or market acceptance, which could hinder the conversion of R&D into competitive advantages[110]. Shareholder and Capital Structure - The total share capital increased from 78,498,570 shares to 141,297,426 shares after a capital reserve conversion of 62,798,856 shares, with a distribution ratio of 10 shares for 8 shares[157]. - The largest shareholder, Li Zhanjiang, holds 25.36% of the shares, totaling 35,838,277 shares, with 15,928,123 shares pledged[162]. - The company’s shareholding structure includes 21.27% of shares held by limited sale condition shareholders and 78.73% by unrestricted shareholders[156]. - The company has not engaged in any share buyback activities during the reporting period[158]. Compliance and Governance - There were no environmental penalties or violations reported during the period, indicating compliance with environmental regulations[122]. - The company received a clean audit report with an emphasis on certain matters, which does not affect the overall audit opinion[134]. - The company has not engaged in any equity incentive plans or employee stock ownership plans during the reporting period[119].

Revenue and Profitability - Revenue for Q1 2022 reached ¥133,548,591.56, an increase of 29.71% compared to ¥102,957,038.81 in the same period last year[2] - Net profit attributable to shareholders was -¥16,508,004.41, a decrease of 386.64% from ¥5,759,179.49 in the previous year[2] - The net profit for the first quarter of 2022 was -¥18,266,342.78, compared to a net profit of ¥2,846,895.12 in the same period last year, indicating a significant decline[20] - The operating profit for the first quarter was -¥19,823,749.74, down from ¥640,318.34 in the previous year[20] - The total comprehensive income for the first quarter was -¥18,266,342.78, compared to ¥2,846,895.12 in the same period last year[20] - The company reported a basic and diluted earnings per share of -¥0.21, compared to ¥0.07 in the same period last year[20] Cash Flow and Investments - Cash flow from operating activities improved to ¥12,891,747.21, a significant turnaround from -¥120,883,747.10 in Q1 2021, representing a 110.66% increase[2] - The company’s cash outflow from operating activities totaled ¥112,281,639.91, compared to ¥218,508,913.79 in the previous year[23] - The company reported a net cash outflow from investment activities of -¥8,575,890.06, a decrease of 115.85% compared to the previous year[6] - The company’s investment activities resulted in a net cash outflow of -¥8,575,890.06, a decrease from a net inflow of ¥54,109,296.23 in the previous year[23] - Cash inflow from financing activities was ¥199,105,686.31, an increase from ¥155,667,668.00 in the previous year[23] Assets and Liabilities - Total assets increased by 3.90% to ¥1,438,305,676.67 from ¥1,384,361,727.30 at the end of the previous year[2] - The total assets as of March 31, 2022, were RMB 1,438,305,676.67, compared to RMB 1,384,361,727.30 at the beginning of the year, indicating a growth of 3.9%[16] - The total liabilities increased to RMB 1,317,668,072.50 from RMB 1,245,457,780.35, marking a rise of 5.8%[15] Operational Metrics - Operating costs increased by 57.01% to ¥120,061,077.42, driven by higher sales revenue[6] - The total operating costs for Q1 2022 were RMB 151,217,159.73, up from RMB 102,913,639.57, indicating a significant increase in costs[17] - The gross profit margin decreased due to rising costs, with gross profit for the period being RMB -17,668,568.17[17] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 13,072[8] Accounts Receivable and Inventory - Accounts receivable rose by 41.10% to ¥337,671,062.61, attributed to revenue not yet settled[6] - Accounts receivable increased to RMB 337,671,062.61 from RMB 239,307,765.06, reflecting a 41% rise[14] - Inventory decreased slightly to RMB 305,913,505.93 from RMB 318,897,627.64, showing a reduction of approximately 4%[14] Future Outlook - The company plans to focus on expanding its market presence and investing in new technologies to drive future growth[14]

Financial Performance - The company's operating revenue for 2021 was ¥306,735,859.03, representing a decrease of 8.04% compared to ¥333,545,725.89 in 2020[20]. - The net profit attributable to shareholders for 2021 was -¥229,737,352.73, a significant decline of 2,964.69% from a profit of ¥8,019,626.33 in 2020[20]. - The company's total revenue for 2021 was ¥306,735,859.03, a decrease of 8.0% compared to ¥333,545,725.89 in 2020[21]. - Revenue from the new energy vehicle sector was ¥214,297,234.34, accounting for 69.86% of total revenue, down 27.07% from ¥293,849,912.95 in 2020[73]. - The company reported a total revenue of 1,981.37 million CNY for the year 2021, reflecting a significant growth compared to the previous year[103]. - The company achieved operating revenue of ¥306,735,859.03, with a net profit attributable to shareholders of -¥229,737,352.73[69]. - The company reported a total of 3,939 units sold in the pure electric powertrain system segment, a decrease of 11.78% from 4,465 units in 2020[77]. - The company reported a total of 22.26 billion in 2021, representing a year-on-year increase of 2.35 million[144]. Cash Flow and Assets - The net cash flow from operating activities improved by 29.32%, reaching -¥112,357,412.24 in 2021 compared to -¥158,965,710.14 in 2020[20]. - The total assets as of the end of 2021 were ¥1,384,361,727.30, a decrease of 14.06% from ¥1,610,936,759.49 at the end of 2020[20]. - The total cash and cash equivalents decreased by ¥63,339,059.65 in 2021, marking a significant decline of 281.48% compared to the previous year[90]. - The cash flow from investment activities decreased by 96.99% year-on-year, resulting in a net cash flow of ¥3,946,783.03 in 2021, down from ¥131,251,027.62 in 2020[90]. - The net cash flow from financing activities decreased by 28.02% year-on-year, totaling ¥45,071,569.56 in 2021, down from ¥62,616,102.72 in 2020[90]. - The company's current liabilities exceeded its total current assets by ¥360,187,529.65, indicating significant short-term debt repayment pressure[199]. Research and Development - The company has increased its R&D efforts and aims to optimize product structure to enhance market share in the face of challenges such as high raw material prices and pandemic disruptions[36]. - R&D expenses increased by 48.99% to ¥49,637,100, reflecting the company's commitment to innovation[69]. - The company is focusing on the development of new energy vehicle powertrains and aims to enhance its market position by expanding its customer base[70]. - The company is committed to continuous R&D investment to maintain technological leadership and mitigate risks associated with technological advancements in the industry[129]. - The company is investing heavily in R&D, with a budget allocation of 10 million yuan for the development of new energy vehicle technologies[149]. - The company plans to increase its R&D budget by 15% to support innovation and product development initiatives[192]. Market and Industry Trends - The automotive industry saw a production and sales increase of 3.4% and 3.8% respectively in 2021, with new energy vehicles growing by 160%[32]. - The market share of new energy vehicles reached 13.4% in 2021, reflecting a shift from policy-driven to market-driven growth[32]. - The government has set a target for new energy vehicle sales to reach 20% of total vehicle sales by 2025, promoting the adoption of electric vehicles[35]. - The company is navigating challenges such as chip shortages and high raw material prices while aiming for market expansion and technological advancements[31]. - The company anticipates growth in the electric vehicle market, aligning its strategies to capture emerging opportunities[46]. Product Development and Innovation - The company is focused on the development of key technologies in the new energy vehicle sector, aiming for significant breakthroughs by 2035[34]. - The company has developed a comprehensive range of products for electric passenger vehicles, with powertrain solutions ranging from 40KW to 150KW, covering various vehicle classes[63]. - The company has developed multiple patents related to electric vehicle powertrains, including a dual-motor power coupling structure and an integrated electric drive axle assembly[46]. - The company is actively pursuing partnerships and collaborations to accelerate the development of its electric vehicle technologies[46]. - The company is focusing on R&D for a new generation of pure electric heavy-duty trucks, optimizing the powertrain system to improve performance, economy, and reliability while reducing manufacturing costs[67]. Governance and Compliance - The company has established a complete and reasonable corporate governance structure and internal control system[178]. - The company has maintained a strong commitment to protecting the rights of shareholders and creditors, ensuring timely and accurate information disclosure[181]. - The company emphasizes collaboration with universities to enhance R&D capabilities and accelerate the commercialization of technological advancements[129]. - The company has a complete and independent R&D, procurement, production, and sales system, ensuring no reliance on controlling shareholders for operations[137]. - The company has established an independent and complete financial accounting system, allowing for independent financial decision-making[137]. Future Outlook and Strategic Goals - The company plans to expand its market presence by enhancing its manufacturing capabilities in automotive parts and components[105]. - The company aims to improve customer satisfaction by upgrading its supply chain and meeting delivery and quality requirements[124]. - The company has set ambitious performance targets for the upcoming fiscal year, aiming for a significant increase in revenue from new product lines[46]. - The company is committed to sustainability and aims to lead in the development of energy-efficient automotive solutions[46]. - The company is exploring potential mergers and acquisitions to strengthen its market position and technological capabilities[46].

Financial Performance - The company's revenue for Q3 2021 was ¥76,585,281.34, a decrease of 26.89% compared to the same period last year[3] - The net profit attributable to shareholders was -¥478,068.51, representing a decline of 165.09% year-on-year[3] - The basic earnings per share for the period was -¥0.0061, down 164.79% compared to the previous year[3] - Total operating revenue for Q3 2021 was CNY 284,584,023, an increase of 1.68% compared to CNY 279,114,263 in the same period last year[19] - The net profit for the period was CNY 3,363,689.73, compared to CNY 3,683,679.87 in the same period last year, indicating a decrease of 8.66%[20] - Net profit attributable to the parent company was CNY 26,121,747.70, a significant increase from CNY 4,495,776.04 in the previous year, marking a growth of 481.5%[20] - Basic and diluted earnings per share increased to CNY 0.3328 from CNY 0.0573, reflecting a growth of 480.7%[21] - The company reported a total comprehensive income of CNY 3,363,689.73 for the period, compared to CNY 3,683,679.87 in the previous year[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥1,630,884,765.44, an increase of 1.24% from the end of the previous year[4] - The company's current assets totaled CNY 989,280,776.23, compared to CNY 902,876,596.29 in the previous year, reflecting a growth of approximately 9.55%[16] - Accounts receivable increased significantly to CNY 440,108,949.52 from CNY 237,735,192.05, marking an increase of about 85.00%[15] - Inventory levels rose to CNY 394,470,512.48, up from CNY 359,139,369.83, indicating an increase of approximately 9.83%[16] - The total liabilities decreased to CNY 1,148,148,530.06 from CNY 1,215,409,213.84, a reduction of about 5.52%[17] - The total assets increased from 1,610,936,759.49 CNY to 1,633,939,440.71 CNY, reflecting a growth of approximately 1.4%[28] - The total liabilities rose from 1,215,409,213.84 CNY to 1,238,411,895.06 CNY, indicating an increase of about 1.9%[29] - The company's total equity remained stable at 395,527,545.65 CNY, with no significant changes reported[30] Cash Flow - Cash and cash equivalents decreased by 69.85% to ¥30,011,203.83 due to payments for goods[8] - Cash flow from operating activities showed a net outflow of CNY -96,595,650.89, an improvement from CNY -131,670,254.66 in the previous year[24] - The net cash flow from financing activities was 3,192,385.36 CNY, a significant decline from 74,750,120.12 CNY in the previous period, representing a drop of approximately 95.7%[25] - The ending balance of cash and cash equivalents was 15,289,383.08 CNY, compared to 9,445,089.22 CNY in the previous period, showing an increase of about 61.5%[25] - The company reported a cash outflow of 375,148,054.08 CNY from financing activities, down from 564,953,762.45 CNY, indicating a decrease of approximately 33.6%[25] Expenses - Management expenses decreased by 50.22% to ¥20,315,375.27, mainly due to the disposal of idle vehicles[10] - The company reported a significant increase in income tax expenses, amounting to ¥9,366,633.42, a rise of 535.72% year-on-year[10] - Research and development expenses were CNY 16,195,834.82, down from CNY 21,583,193.68, a decrease of 25.1%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 12,050[12] - The company's equity attributable to shareholders increased by 7.29% to ¥384,272,590.71 compared to the end of the previous year[4] - The total equity attributable to shareholders increased to CNY 384,272,590.71 from CNY 358,150,843.01, representing a growth of 7.3%[20] Investments and Projects - The company has ongoing investments in construction projects, with capitalized costs in construction in progress amounting to CNY 175,800,194.11[16] - The company is focusing on expanding its market presence and enhancing product development capabilities, although specific figures were not disclosed in the report[14] New Standards Implementation - The company implemented a new leasing standard starting January 1, 2021, which required adjustments to the financial statements[26] - The company’s long-term liabilities increased by 17,965,568.38 CNY, reflecting the impact of the new leasing standard[29] - The company implemented the new leasing standards starting January 1, 2021, resulting in the recognition of right-of-use assets amounting to 23,002,681.22[31] - The non-current liabilities due within one year were adjusted to 5,037,112.84 as part of the new leasing standards[31] - The total lease liabilities recognized under the new standards amounted to 17,965,568.38[31] Audit Information - The third quarter report for the company was not audited[32]