证券代码：300748 证券简称：金力永磁 公告编号：2024-058 江西金力永磁科技股份有限公司 2024 年第一次临时股东大会决议公告 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。 特别提示： 本次股东大会未出现否决议案的情形。 一、会议召开情况 （2）网络投票时间：2024 年 9 月 19 日 1、会议通知情况： 江西金力永磁科技股份有限公司（以下简称"公司"）于 2024 年 8 月 29 日 在中国证监会指定的创业板上市公司信息披露媒体上发布了《关于召开公司 2024 年第一次临时股东大会的公告》（公告编号：2024-057）。 2、会议召开时间： （1）现场会议时间：2024 年 9 月 19 日（星期四）下午 14:30 其中，通过深圳证券交易所交易系统进行网络投票的时间为 2024 年 9 月 19 日上午 09:15—09:25，09:30—11:30 和下午 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 2024 年 9 月 19 日 9:15—15:00 的任意时间。 3、会议召开地点：江西省赣州市经济 ...

证券代码：300748 证券简称：金力永磁 江西金力永磁科技股份有限公司 投资者关系活动记录表 编号：2024-010 | --- | --- | --- | --- | |-----------------------|------------------------------------------------------------------|-----------------------------------------------------------|-----------------------------------------| | 投资者关系 活动类别 | √特定对象调研 □ □ 媒体采访 □ □ 新闻发布会 □ □ 现场参观 □ 其他 | 分析师会议 业绩说明会 路演活动 （请文字说明其他活动内容） | | | 形式 | 现场 ☐网上 | ☐ 电话会议 | | | | 机构名称 | | 姓名 | | | Fidelity Investments | | Abhishek A Iyer | | | | | | | | T Rowe Price | | Francesco Buono ...

截至月份: 2024年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 江西金力永磁科技股份有限公司 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 呈交日期: 2024年9月4日 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06680 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 200,745,600 | RMB | | 1 RMB | | 200,745,600 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 200,745,600 | RMB | | 1 RMB | | 200,745,600 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1 ...

Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.8 per 10 shares for the first half of 2024, amounting to approximately RMB 107 million, which represents about 90% of the net profit attributable to the parent company for that period[6]. - Since its listing in 2018, the company has distributed a total cash dividend of approximately RMB 952 million, accounting for over 40% of the cumulative net profit attributable to the parent company[6]. - The company proposed an interim dividend of RMB 0.8 per share (tax included) for the six months ended June 30, 2024[36]. - The company plans to distribute a cash dividend of RMB 0.8 per share, totaling approximately RMB 107 million, which accounts for about 90% of the net profit for the first half of 2024[62]. - The declared and paid final dividend was RMB 0.26 per share, totaling RMB 347,677,000 for the six months ended June 30, 2024, compared to RMB 218,163,000 for the same period in 2023[186]. Financial Performance - For the six months ended June 30, 2024, the company reported operating revenue of RMB 3,361.5 million, a decrease of RMB 68.5 million or 2.00% compared to RMB 3,430.0 million for the same period in 2023[36]. - The net profit attributable to the owners of the parent company for the reporting period was RMB 119.7 million, representing a decrease of approximately 64.02% from RMB 332.6 million for the six months ended June 30, 2023[36]. - The gross profit for the reporting period was RMB 291.2 million, a decrease of RMB 248.0 million or 46.00% compared to the previous year[35]. - Basic and diluted earnings per share for the reporting period were RMB 0.09, down 64.00% from RMB 0.25 in the same period last year[35]. - The net cash flow from operating activities for the reporting period was RMB 330.8 million, down 57.55% from RMB 779.2 million for the same period in 2023[36]. - The company reported a profit attributable to ordinary shareholders of RMB 119,677 thousand for the six months ended June 30, 2024, down from RMB 332,603 thousand in the same period of 2023[184]. - The company's total assets as of June 30, 2024, were RMB 11,372,910 thousand, a decrease from RMB 11,825,956 thousand at the end of 2023[156]. - The company's cash and cash equivalents were RMB 2,930,136 thousand, down from RMB 3,156,726 thousand, indicating a decrease of 7.2%[156]. - The company reported a net loss of RMB 201,000 from the sale of assets with a net book value of RMB 8,543,000 for the six months ended June 30, 2024[187]. Market Position and Product Utilization - The company's products are utilized by eight out of the top ten global variable frequency air conditioning compressor manufacturers, and five out of the top ten wind turbine manufacturers[7]. - The sales volume of the company's new energy vehicle drive motor magnetic steel products can equip approximately 2.45 million new energy passenger vehicles[7]. - The sales volume of the company's energy-saving variable frequency air conditioning magnetic steel products can equip approximately 46.37 million variable frequency air conditioning compressors[7]. - The sales volume of the company's wind power magnetic steel products can equip wind turbines with a total installed capacity of approximately 5.73 GW[7]. - The company has consistently maintained a leading position in the industry, with a focus on high-performance rare earth permanent magnet materials[7]. Research and Development - The company aims to expand its market presence and enhance its product offerings through ongoing research and development initiatives[7]. - The company is focusing on the development of rare earth permanent magnet materials, which have seen significant advancements since the 1960s[32]. - R&D expenses for the first half of 2024 amounted to RMB 153 million, accounting for 4.55% of operating revenue[56]. - The production of high-performance rare earth permanent magnet materials using grain boundary diffusion technology increased by 52% year-on-year, representing 88% of the total product output[68]. - The company is actively involved in the research and development of magnetic components for humanoid robots, aligning with global market trends[49]. Market Trends and Projections - The global consumption of high-performance rare earth permanent magnet materials increased from 47,500 tons in 2018 to 102,500 tons in 2023, with a compound annual growth rate (CAGR) of approximately 16.6%[39]. - The consumption of rare earth permanent magnet materials in the global new energy vehicle market rose from 6,400 tons in 2018 to 43,200 tons in 2023, achieving a CAGR of about 46.5%[41]. - The global energy-efficient variable frequency air conditioning market's consumption of rare earth permanent magnet materials grew from 6,300 tons in 2018 to 12,900 tons in 2023, with a CAGR of approximately 15.4%[42]. - The global wind power market's consumption of rare earth permanent magnet materials increased from 6,700 tons in 2018 to 12,800 tons in 2023, reflecting a CAGR of about 13.8%[43]. - The global consumption of high-performance rare earth permanent magnet materials is projected to reach 227,100 tons by 2028, with a CAGR of 17.2% from 2023 to 2028[39]. Strategic Initiatives - The company is planning to issue up to 26,895,424 new H shares as part of its capital raising strategy[29]. - The company has formed strategic partnerships with major rare earth suppliers, ensuring a stable supply chain and mitigating the impact of price fluctuations[55]. - The company is actively pursuing market expansion strategies and exploring new technologies in the rare earth sector[32]. - The company plans to build a production capacity of 40,000 tons of high-performance rare earth permanent magnetic materials by 2025, with a current capacity utilization rate exceeding 90%[54]. - The company is committed to ESG initiatives, focusing on reducing carbon emissions and supporting global carbon neutrality goals through various measures, including the construction of photovoltaic power stations[97]. Shareholder and Governance Structure - Major shareholders include Cai Baogui, Hu Zhibin, and Li Xinnong, each holding significant stakes in the company, with Cai Baogui controlling approximately 36.85% of the A shares[109]. - The company has a significant ownership structure with multiple layers of control among its major shareholders, impacting governance and decision-making[112]. - The company has adopted a restricted stock incentive plan to motivate qualified management and employees[32]. - The new board includes a strategic committee led by the newly appointed chairman, with a focus on enhancing corporate governance and strategic direction[107]. - The company continues to focus on enhancing its corporate governance structure and shareholder engagement strategies[107]. Risks and Challenges - The company faces risks from fluctuations in rare earth material prices, which have shown significant volatility in the first half of 2024, potentially impacting revenue and profit growth[142]. - The company is expanding its overseas market presence, which exposes it to geopolitical and economic risks, as well as currency exchange rate fluctuations affecting sales revenue[144]. - The company has a significant amount of accounts receivable, which could impact cash flow if collection efforts are unsuccessful; however, it has implemented strict management measures to mitigate this risk[146]. - The company is actively monitoring national policies and market dynamics in key application areas like new energy vehicles and energy-saving technologies to adapt to potential economic slowdowns[143].

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Views - The company reported a revenue of 3.362 billion RMB for H1 2024, a year-on-year decrease of 2.00%, and a net profit attributable to shareholders of 120 million RMB, down 64.02% year-on-year [2] - The delay in executing locked-price orders continues to drag down performance, with Q2 2024 revenue at 1.825 billion RMB, a quarter-on-quarter increase of 18.81% and a year-on-year increase of 2.58% [2] - The company has increased its dividend payout ratio, proposing a cash dividend of 0.8 RMB per 10 shares, amounting to approximately 107 million RMB, with a payout ratio close to 90% [2] - The company has solidified its market share in the new energy vehicle sector, with a year-on-year increase of 220.63% in magnetic steel assembly capacity, reaching 2.45 million vehicles, maintaining a global market share of over 30% [2] - The company is advancing cost reduction and efficiency improvements while maintaining high levels of R&D investment, with R&D expenses increasing by 4.00% to 78 million RMB in 2024 [2] Summary by Sections Financial Performance - H1 2024 revenue was 3.362 billion RMB, with a net profit of 120 million RMB, reflecting significant declines compared to the previous year [2] - Q2 2024 gross margin decreased by 2.52 percentage points to 7.51%, with gross profit down 11.04% to 137 million RMB [2] - The company expects revenues of 7.620 billion RMB, 9.220 billion RMB, and 10.720 billion RMB for 2024, 2025, and 2026 respectively, with net profits projected at 348 million RMB, 572 million RMB, and 705 million RMB [5] Market Position - The company has increased its market share in the air conditioning sector, with magnetic steel assembly capacity rising by 68.64% to 46.37 million units, achieving a domestic market share of 29.53% [2] - The company is establishing an integrated resource control structure, with a subsidiary planning to acquire a 9.8% stake in Hastings, which is expected to produce 37,000 tons of rare earth concentrate annually after its first phase is completed in H1 2026 [2]

Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.8 per share (before tax), totaling approximately RMB 107 million, which represents about 90% of the net profit attributable to the parent company for the first half of 2024[5]. - Since its listing in 2018, the company has distributed a cumulative cash dividend of approximately RMB 952 million, accounting for over 40% of the cumulative net profit attributable to the parent company[5]. - The company proposed an interim dividend of RMB 0.8 per 10 shares (tax included) for the six months ended June 30, 2024[35]. - The company plans to propose a 10% withholding tax on cash dividends distributed to non-resident corporate shareholders listed in the H-share register, in accordance with the Corporate Income Tax Law of the People's Republic of China[99]. - For individual investors through the Shanghai-Hong Kong Stock Connect, the company will withhold income tax at a rate of 20% on dividends received from H-shares[100]. Financial Performance - For the six months ended June 30, 2024, the company reported operating revenue of RMB 3,361.5 million, a decrease of RMB 68.5 million or 2.00% compared to RMB 3,430.0 million for the same period in 2023[34]. - The net profit attributable to the owners of the parent company for the same period was RMB 119.7 million, representing a decrease of approximately 64.02% from RMB 332.6 million in the previous year[34]. - The net cash flow from operating activities was RMB 330.8 million, down 57.55% from RMB 779.2 million for the six months ended June 30, 2023[34]. - The basic and diluted earnings per share for the reporting period were RMB 0.09, a decrease of 64.00% from RMB 0.25 in the previous year[34]. - The gross profit for the reporting period was RMB 291.2 million, a decline of RMB 248.0 million or 46.00% compared to the previous year[34]. Market Position and Expansion - The company maintains a leading position in the industry, with eight of the top ten global variable frequency air conditioning compressor manufacturers as customers[6]. - The company has plans for market expansion and potential mergers and acquisitions to strengthen its market presence[2]. - The company is exploring market expansion opportunities and potential mergers and acquisitions to enhance its competitive position[32]. - The company is actively expanding into robotics and industrial servo motors, becoming a key supplier of high-performance magnetic steel in these sectors[62]. Research and Development - The company is committed to continuous research and development of new products and technologies to enhance its market competitiveness[2]. - In the first half of 2024, the company's R&D expenses amounted to RMB 153 million, accounting for 4.55% of operating revenue[55]. - The company plans to enhance its R&D efforts to improve production technology and expand its product range, focusing on high-performance magnetic materials and components[95]. Rare Earth Materials Market - The global consumption of high-performance rare earth permanent magnet materials increased from 47,500 tons in 2018 to 102,500 tons in 2023, with a compound annual growth rate (CAGR) of approximately 16.6%[38]. - The consumption of rare earth permanent magnet materials in the global new energy vehicle market rose from 6,400 tons in 2018 to 43,200 tons in 2023, achieving a CAGR of about 46.5%[40]. - The global energy-efficient variable frequency air conditioning market's consumption of rare earth permanent magnet materials increased from 6,300 tons in 2018 to 12,900 tons in 2023, with a CAGR of approximately 15.4%[41]. - The global wind power market's consumption of rare earth permanent magnet materials grew from 6,700 tons in 2018 to 12,800 tons in 2023, with a CAGR of about 13.8%[42]. Operational Efficiency and Cost Management - The management is committed to improving operational efficiency and cost management in response to the declining revenue and profit margins[32]. - The company continues to focus on the development of rare earth permanent magnet materials, which are critical for various industrial applications[32]. - The company has formed strategic partnerships with major rare earth suppliers, mitigating the impact of price fluctuations on operational performance[54]. Shareholder Structure and Governance - The company has a total of 1,345,236,723 shares issued, including 200,745,600 H shares and 1,144,491,123 A shares, with 8,015,784 A shares being treasury shares[111]. - The major shareholders hold approximately 36.85% of the A shares and 10.05% of the H shares, indicating significant control over the company[108]. - The company has established various committees, including a strategy committee and an audit committee, with specific members appointed to lead these committees[106]. - The company has no changes in the information of directors, supervisors, and senior management that require disclosure during the reporting period[106]. Risks and Challenges - The company faces risks from fluctuations in rare earth material prices, which have shown significant volatility in the first half of 2024, potentially impacting revenue and profit growth[141]. - The company is actively monitoring national policies and market dynamics in key application areas, including new energy vehicles and energy-saving technologies, to adapt to potential economic slowdowns[142]. - The company has a significant amount of accounts receivable, which poses a risk to cash flow if collection efforts are unsuccessful; however, management has implemented measures to assess customer creditworthiness and monitor receivables[145]. Capital Raising and Investments - The company plans to issue up to 26,895,424 H-shares at a price of HKD 8.19 per share, pending shareholder approval[13]. - The company has agreed to acquire 19.647 million shares of Hastings at a subscription price of AUD 0.36 per share, totaling approximately AUD 7.07 million, which will increase its stake to 9.8%[148]. - The company has reallocated funds originally intended for potential acquisitions to the new project of building a production line for 1 million magnetic components annually in Mexico[137]. Employee and Incentive Plans - The company established an equity incentive plan, granting a total of 8,252,000 restricted shares to 221 participants, recognizing their contributions[194]. - The total number of shares reserved for future grants includes 418,000 shares of the second type, equivalent to 1,070,080 A-shares after the capital increase in July 2023[194]. - The company aims to attract and retain talent through the restricted stock incentive plan, aligning interests with shareholders[122].

截至 2024 年 6 月 30 日，母公司累计未分配利润为 1,149,299,949.77 元，合 并报表未分配利润为 1,363,809,737.78 元。 证券代码：300748 证券简称：金力永磁 公告编号：2024-056 江西金力永磁科技股份有限公司 关于 2024 年半年度利润分配预案的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有 虚假记载、误导性陈述或重大遗漏。 江西金力永磁科技股份有限公司（以下简称"公司"或"金力永磁"）于 2024 年 8 月 28 日召开的第四届董事会第二次会议及第四届监事会第二次会议审 议通过了《关于 2024 年半年度利润分配预案的议案》，本议案尚需提交公司 2024 年第一次临时股东大会审议，现将相关事项公告如下： 一、2024 年半年度利润分配预案 1、利润分配预案的具体内容 基于公司经营性现金流表现良好，为了回馈广大投资者，响应公司推动"质 量回报双提升"行动方案，在保证公司健康持续发展的情况下，根据《公司法》、 《公司章程》和中国证监会关于上市公司现金分红的相关规定，公司 2024 年半 年度利润分配方案为： 以本次权益分派实施公告 ...

江西金力永磁科技股份有限公司 关于召开公司 2024 年第一次临时股东大会的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 江西金力永磁科技股份有限公司（以下简称"公司"、"本公司"）第四届 董事会第二次会议审议通过《关于提议召开公司 2024 年第一次临时股东大会的 议案》，公司拟召开 2024 年第一次临时股东大会，并授权公司董事长负责公告 和通函披露前的核定、确定股东大会召开的相关具体事宜。现将股东大会的有关 事项通知如下： 证券代码：300748 证券简称：金力永磁 公告编号：2024-057 一、召开会议基本情况 1、股东大会届次：2024 年第一次临时股东大会 2、会议召集人：公司第四届董事会 3、会议召开的合法及合规性：本次股东大会会议的召集、召开程序符合有 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、会议召开时间： （1）现场会议时间：2024 年 9 月 19 日（星期四）下午 14:30 （2）网络投票时间：2024 年 9 月 19 日 其中，通过深圳证券交易所交易系统进行网络投票的时间为 2024 年 9 月 1 ...

江西金力永磁科技股份有限公司 2024 年半年度非经营性资金占用及其他关联资金往来情况汇总表 非经营性资金占 资金占用方名称 占用方与公 司的关联关 系 公司核算 的会计科 目 2024 年期初占用 资金余额 2024 年半年度占用累计发 生金额（不含利息） 2024 年半年度占用 资金的利息（如有） 2024 年半年度偿还累计 发生金额 2024 年半年度占用 资金余额 占用形成 原因 占用 性质 控股股东、实际控 无 小计 无 前控股股东、实际 无 小计 无 属企业 无 小计 无 总计 无 其他关联资金往 资金往来方名称 往来方与上 市公司的关 联关系 上市公司 核算的会 计科目 2024 年期初往来 资金余额 2024 年上半年往来累计发 生金额（不含利息） 2024 年上半年往来 资金的利息（如有） 2024 年上半年偿还累计 发生金额 2024 年上半年往来 资金余额 往来形成 原因 往来 性质 控股股东、实际控 赣州劲力磁材加工有 限公司 全资子公司 应付账款 15,946,005.72 18,775,191.88 15,858,356.35 18,862,841.25加工费 经营 性往 来 赣州 ...

Financial Performance - The company's operating revenue for the reporting period was CNY 3,361,531,541, a decrease of 2.00% compared to the same period last year[14]. - The net profit attributable to shareholders was CNY 119,677,231, representing a significant decline of 64.02% year-on-year[14]. - The net profit after deducting non-recurring gains and losses was CNY 34,004,612, down 88.18% from the previous year[14]. - The net cash flow from operating activities was CNY 330,759,613, a decrease of 57.55% compared to the same period last year[14]. - The basic earnings per share were CNY 0.09, down 64.00% from CNY 0.40 in the same period last year[14]. - The total assets at the end of the reporting period were CNY 11,372,910,248.99, a decrease of 3.83% from the end of the previous year[14]. - The net assets attributable to shareholders decreased to CNY 6,777,737,625.06, down 3.47% from the previous year[14]. - Revenue for the first half of 2024 was approximately CNY 3.36 billion, a decrease of 2.00% compared to the same period last year[36]. - The company's net profit attributable to shareholders for the first half of 2024 was CNY 119.68 million, a decrease of 64.02% year-on-year[29]. Dividend Distribution - The company reported a cash dividend of 0.8 RMB per 10 shares (including tax) for the first half of 2024[2]. - The company's board of directors has approved the profit distribution plan, which reflects its commitment to returning value to shareholders[2]. - The company plans to distribute a cash dividend of CNY 0.8 per 10 shares, totaling approximately CNY 107 million, which represents about 90% of the net profit for the first half of 2024[31]. - The total cash dividend amount for the first half of 2024 is approximately CNY 106.98 million, based on a share capital of 1,337,220,939 shares[68]. - The cash dividend for the first half of 2024 represents 100% of the profit distribution total[68]. Market and Industry Outlook - The global consumption of high-performance rare earth permanent magnets is projected to grow from 102,500 tons in 2023 to 227,100 tons by 2028, with a compound annual growth rate of 17.2%[19]. - The company is positioned in a rapidly growing market for high-performance rare earth permanent materials, which are essential for energy-saving and environmentally friendly applications[19]. - The government policies are strongly supporting the development of the rare earth permanent magnet industry, aligning with the global push for carbon neutrality[19]. - The global consumption of rare earth permanent magnetic materials in the electric vehicle market is projected to grow from 0.64 million tons in 2018 to 4.32 million tons in 2023, with a compound annual growth rate (CAGR) of approximately 46.5%[21]. - The global market for energy-efficient variable frequency air conditioners is expected to consume 2.27 million tons of rare earth permanent magnetic materials by 2028, with a CAGR of approximately 12.0% from 2023 to 2028[21]. - The global wind power market's consumption of rare earth permanent magnetic materials is projected to increase from 0.67 million tons in 2018 to 1.28 million tons in 2023, with a CAGR of about 13.8%[23]. - The global industrial robot market is expected to consume 0.66 million tons of rare earth permanent magnetic materials by 2028, with a CAGR of 13.5% from 2023 to 2028[24]. - The global humanoid robot market is projected to consume 2,887.5 tons of rare earth permanent magnetic materials by 2028, with a CAGR of approximately 162.2% from 2023 to 2028[24]. Research and Development - Research and development expenses for the first half of 2024 amounted to CNY 153 million, accounting for 4.55% of total revenue[30]. - The production of high-performance rare earth permanent magnet materials using boundary penetration technology increased by 52% year-on-year, constituting 88% of the company's total output[30]. - The company has a total of 119 authorized and pending patents in various regions, enhancing its competitive edge in high-performance magnetic materials[30]. Risk Management - The company emphasizes the importance of risk awareness regarding future development plans and operational strategies[2]. - The company acknowledges the risks it faces and outlines measures to mitigate these risks in its management discussion[2]. - The company has established long-term strategic partnerships with major rare earth suppliers, including Northern Rare Earth Group and China Rare Earth Group[33]. - The company is actively expanding its overseas market presence, which may expose it to geopolitical and currency exchange risks[58]. - The company has implemented measures to manage accounts receivable risks, ensuring a good overall collection situation[60]. Environmental, Social, and Governance (ESG) Initiatives - The company has been recognized for its ESG efforts, including a CNY 1 million donation for rural revitalization and being listed as a three-star green factory in Ningbo[31]. - The company has established an ESG committee to oversee environmental, social, and governance initiatives[77]. - The company has implemented measures to reduce carbon emissions through various strategies, including the construction of solar power stations and technological innovations[77]. - The company invested approximately 6.3 million yuan in environmental protection in the first half of 2024[75]. - The company paid 0.04 million yuan in environmental protection tax during the same period[75]. Shareholding Structure - The company has a significant shareholding structure, with major stakeholders including Jiangxi Ruide Venture Capital Co., Ltd. and Ganzhou Xinshi Investment Management Center[5]. - The largest shareholder, Jiangxi Ruide Venture Capital Co., Ltd., holds 28.78% of shares, totaling 387,100,160 shares[102]. - HKSCC NOMINEES LIMITED holds 14.92% of shares, amounting to 200,745,600 shares[102]. - The top ten shareholders collectively hold 89.12% of the shares, indicating a high concentration of ownership[103]. - The company has seen no changes in the number of shares held by major shareholders during the reporting period[104]. Financial Position - The company maintains a strong financial position with low debt levels and good cash reserves, enhancing its financing capabilities[35]. - Cash and cash equivalents at the end of the reporting period were 3,558,891,710.32 RMB, representing 31.29% of total assets[41]. - The net increase in cash and cash equivalents was negative CNY 226.59 million, a decline of 253.20% compared to the previous year[37]. - The company's cash and cash equivalents decreased from ¥3,885,757,157.90 to ¥3,558,891,710.32, a decline of approximately 8.4%[112]. Accounting Policies and Financial Reporting - The financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, reflecting the financial position as of June 30, 2024, and the operating results and cash flows for the first half of 2024[141]. - The company has established specific accounting policies and estimates based on its actual production and operational characteristics, particularly in inventory valuation, fixed asset depreciation, and revenue recognition[140]. - The company’s significant accounting policies include a materiality threshold for bad debt provisions set at amounts greater than 10 million RMB for receivables and 30 million RMB for construction in progress[144]. - The company’s reporting currency is Renminbi (RMB), and all financial information is presented in RMB unless otherwise specified[142].